CITIC Securities: Computer sector half-year report previews are being released one after another; AI computing power hardware continues to see sustained high demand

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Golden Finance reported that a research report from CITIC Securities pointed out that the A-share computer sector’s half-year report forecasts, together with overseas model iterations, jointly validate that the AI industry chain’s business momentum is continuing: on the one hand, hardware segments such as AI servers and intelligent computing infrastructure have shown outstanding earnings leverage; software and AI application companies have also begun to reflect operational recovery and revenue realization; on the other hand, overseas models such as OpenAI, xAI, and Meta have continued to strengthen Agents, Coding, multimodal capabilities, and office entry points. Model competition is shifting from proving capabilities to deploying in high-frequency scenarios, and on the inference side, compute consumption, infrastructure spending, and the commercialization of AI applications are expected to keep resonating.
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