国金证券：海外大厂引领高压直流革命 800V产业化进程有望加速

Group 1 - The core viewpoint is that the surge in AI computing power demand is driving a revolutionary change in data center power supply efficiency, highlighting the emergence of the third-generation HVDC architecture [1] - Companies are advised to focus on the AC/DC power supply segment that benefits from the increase in unit value, as well as power manufacturers that are expected to enter the HVDC and DC/DC markets leveraging their technological platforms and customer resources [1]