Ge Long Hui·2025-11-12 00:12Group 1 - The core viewpoint of the article emphasizes investment opportunities in the artificial intelligence sector, particularly focusing on computing power, domestic chip production, and application commercialization [1] Group 2 - Investment opportunities in the computing power sector are identified around leading companies, new technology upgrades, accelerated localization of industrial clusters, and order spillover, with a focus on cooling, PCB, power supply, and related areas [1] - A mid-term trend indicates a shift towards domestic chips, with expectations of significant market concentration as domestic chips enter mass production and delivery phases, highlighting chip manufacturers that are gaining market share among cloud service providers [1] - Companies like OpenAI have accelerated the commercialization of applications this year, leading to rapid revenue growth, and there are investment opportunities in how AI empowers and transforms various industries [1]