Group 1: Chip Stock Performance - Chip stocks have surged, with notable increases: Huahong Semiconductor up 8.69% to HKD 51.65, Shanghai Fudan up 7.37% to HKD 32.06, SMIC up 6.77% to HKD 55.2, and ZTE up 5.87% to HKD 33.16 [1] Group 2: Domestic Computing Power Developments - Recent positive developments for domestic computing power include Tencent's announcement of multiple supply options for inference chips and DeepSeek's model update to version V3.1, which is expected to support FP8 precision and domestic chips [1] - Huawei's Ascend chip-based server products are being deployed in large orders across government, finance, and telecommunications sectors [1] - ZTE's inference chip on Huahong's 7nm process has successfully passed initial testing, with the first batch currently being tested by clients [1] Group 3: Regulatory Environment and Market Demand - The U.S. has tightened security reviews on high-performance GPUs, with Nvidia's H20 chip criticized by state media for being "neither advanced, safe, nor environmentally friendly," leading to cautious procurement reminders for key internet companies [2] - Following the U.S. announcement to resume H20 exports to China with new conditions, there is an increasing domestic demand for self-controlled computing power, accelerating policy and capital flow towards domestic AI chip and computing chain manufacturers [2]