中信证券：国产算力份额有望加速提升

Group 1 - Huawei announced the development roadmap for its Ascend series, planning to launch multiple chips including Ascend 950PR, 950DT, 960, and 970 between Q1 2026 and Q4 2028 [1] - The company is developing large-scale supernodes such as Atlas 950 SuperCluster and Atlas 960 SuperCluster, expected to support 8192 and 15488 cards, respectively, with launches planned for Q4 2027 and Q4 2028 [1] - Huawei introduced the world's first computing supernode with a maximum of 16 nodes and 48TB memory, expected to be launched in Q1 2026 [1] Group 2 - CITIC Securities emphasized that advanced process capacity is fundamental for domestic computing power, with the iteration and expansion of advanced processes being crucial for the continuous product iteration and volume of Ascend [2] - The acceleration of domestic computing power shipments, represented by Ascend, is expected to drive increased demand for advanced processes, leading to a potential rise in domestic computing power market share [2] - The company is expected to lead the domestic AI chip development with annual iterations of Ascend, focusing on the differentiation and cost-effectiveness of domestic computing power as a breakthrough path [2]