In recent market volatility, a research report from CICC has attracted widespread attention. They pointed out that although there have been some fluctuations in the computing power sector recently, this is precisely an opportunity for investment, especially in the AI industrial chain, which remains worth optimism.
Recently, OpenAI launched its new video generation model Sora2, which has performed excellently and received widespread praise. Within just three days of its release, the Sora App powered by Sora2 quickly topped the free chart on the US App Store. This achievement not only demonstrates the powerful capabilities of Sora2 but also reflects the strong market demand for AI applications. Additionally, Meta's AI smart glasses Ray-Ban Display have sparked a trend in the market, with physical stores selling out rapidly and trial appointments already booked two months in advance, showing consumers' high level of interest and expectations for AI technology.
On the hardware side, OpenAI and AMD announced a strategic agreement to achieve 6GW of computing power support in the future. This collaboration has brought new attention to related supply chain companies, indicating that the demand for AI computing power remains strong. The sustained capital expenditure on computing power will drive the development of the entire industry. CICC pointed out that the AI computing power sector includes advanced process technologies, GPUs/ASICs, optical modules, PCBs, servers, switches, optical components, copper connections, IDCs, and their supporting facilities (such as liquid cooling, power supplies, and structured cabling), all of which are currently key areas of focus in the market.
With the rapid development of AI technology, investors' enthusiasm for related companies continues to grow. CICC believes that despite some short-term market fluctuations, multiple validations from applications to hardware indicate that stocks in the AI industrial chain still have significant growth potential, with a promising future.
The AI industrial chain is at a critical development stage, and both enterprises and investors should seize this opportunity, actively make arrangements, and embrace the next wave of transformation brought by AI technology.
