中信证券：AI光互联大有可为 头部厂商优势显著

Core Viewpoint - The rapid development of AI large models and applications relies on continuous investment in computing power infrastructure, with high-performance, high-bandwidth, and low-latency networks being crucial for the performance upgrade of computing clusters [1] Group 1: Industry Insights - Optical interconnection technology is expected to experience significant growth opportunities driven by the dual factors of increased penetration of Scale up networks and the value enhancement of Scale out networks [1] - The increasing demands for manufacturers' R&D capabilities, production capacity, and material delivery, as well as the requirements for new technology layouts, are highlighting the advantages of leading manufacturers in the market [1] Group 2: Company Outlook - There is optimism regarding the development potential of domestic optical communication leading companies [1] - The communication industry maintains a "stronger than the market" rating [1]