CITIC Construction Investment: Computer sector interim report previews are gradually being released; AI computing power hardware remains in sustained high demand

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Mars Finance News: A research report from China Citic Securities states that the A-share computer sector’s first-half earnings forecast announcements, together with overseas model iterations, jointly confirm that the AI industry chain remains in good momentum. On the one hand, the hardware chain—such as AI servers and intelligent computing infrastructure—shows outstanding earnings resilience, while software and AI application companies also begin to reflect operational recovery and revenue landing. On the other hand, overseas models such as OpenAI, xAI, and Meta continue to further strengthen Agents, Coding, multi-modality, and office-entry applications; as model competition shifts from capability verification to high-frequency scenario deployment, the compute consumption on the inference side, infrastructure investment, and the commercialization of AI applications are expected to continue to resonate together. (Caixin)
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