Wang Fang of Zhongtai Securities: The rapid development of large models and supply chain shortages are conducive to the continuation of high capital expenditure in the AI industry.

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On June 26, the 17th Listed Company Investor Relations Management Forum, hosted by Securities Times, was held in Shenzhen. Wang Fang, Co-President of the Research Institute of Zhongtai Securities, stated that since the beginning of this year, market trading on the AI theme has mainly focused on the bottleneck segments of the industrial chain, a phenomenon supported by profitability. In the electronics industry, overall profit growth in the first quarter of this year far exceeded revenue, and from leading indicators such as inventory, the industry remains in a relatively healthy state. Wang Fang judged that large model companies are still developing rapidly, and the explosion of inference and large-scale application of agents are conducive to sustained high capital expenditure in the AI industry. Moreover, there are still multiple bottleneck links in the upstream industrial chain, making industrial growth more sustainable. (Securities Times)
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