Zheng Quan Shi Bao Wang·2025-08-11 06:44Group 1 - The release of OpenAI's GPT-5, which includes three versions (GPT-5, GPT-5-Mini, GPT-5-Nano), is expected to stimulate demand for computing power, benefiting the ASIC industry chain [2] - Major cloud and model companies continue to explore advanced models, with GPT-5 and GROK4 showing that larger clusters and more parameters can enhance model capabilities [2] - The rapid development of ASIC chips by companies like Google, Amazon, and Meta is projected to exceed 7 million units by 2026, indicating strong growth in the ASIC market [2] Group 2 - Nvidia's Blackwell and the robust development of ASICs are expected to drive sustained strong demand for AI-PCB [3] - AI copper-clad laminates are in high demand, with a shift towards M8 materials for AI servers and switches, and potential future upgrades to M9 materials [3] - The strong demand for AI copper-clad laminates and PCBs is also boosting the demand for supporting equipment and upstream materials like electronic fabrics and copper foil [3]