AI算力主线启动，核心驱动因素有哪些？

Group 1 - The core theme of the news is the significant impact of AI advancements, particularly highlighted by the launch of DeepSeek, which has demonstrated that Chinese companies can compete with global leaders in AI technology using significantly less computational power [1][2] - The release of DeepSeek has triggered a competitive response from major overseas companies, such as Google with its Gemini3 and the gradual rollout of GPT-5, indicating a continuous drive in both software and hardware sectors within the AI space [2] - The performance of AI-related ETFs, particularly the communication ETF (518800), has been strong, with approximately 50% of its components in optical modules and around 20% in servers, reflecting high order certainty and broad market recognition [2] Group 2 - The computing power sector is divided into two main areas: communication and chips, with strong fundamentals in optical modules, PCBs, and servers, expected to maintain their growth through 2026 [2][3] - The technology trend for 2026 indicates an upgrade in optical modules to 1.6T, with a focus on North American computing power communication ETFs (515880) and high-flexibility domestic chip ETFs (589100) [3] - The application side currently has low valuations, suggesting opportunities for investment based on individual strategies, with a potential surge in upstream computing demand following large-scale application breakthroughs [3]