According to CITIC Securities' research report, the computing power industry remains robust, and there exists potential for valuation enhancement. The firm maintains its favorable stance on the computing power sector, with a focus on several key areas: Firstly, core players in the North American computing power chain, who are experiencing sustained growth and are currently trading at historical low valuations; secondly, companies poised to capitalize on spillover demand and achieve significant gains in customer base or market share; thirdly, upstream supply constraints; fourthly, the imminent mass production of GB300, 1.6T optical modules, and the CPO industry chain, which warrant special attention; and fifthly, domestic computing power supply chains. Moreover, CITIC Securities anticipates that as large models evolve, the industry will advance towards general artificial intelligence, presenting vast application prospects for AI. Additionally, amidst the Unitree IPO, the AI edge chip, module, and associated industry chains also merit close observation. The firm remains optimistic about sectors such as telecom operators and military communications.