华泰证券：长期看好AI算力需求的持续增长

Core Viewpoint - The report from Huatai Securities indicates that the demand for computing power driven by AI is expected to grow significantly as major overseas internet companies accelerate the release of tokens, leading to a gradual digestion of market expectations regarding inference-related computing power needs [1] Group 1 - The market still has a considerable gap in expectations regarding global computing power demand [1] - The establishment of large-scale computing clusters globally and ongoing exploration of new model architectures will contribute to this growth [1] - The continuous advancement of pre-training and post-training Scaling Law suggests substantial room for growth in training-side computing power demand in the future [1]