中信证券：建议关注算力基建和应用落地等层面的机会

Core Viewpoint - Recent acceleration by Google in AI has highlighted the potential of its integrated hardware and software, reinforcing the applicability of its self-developed TPU chips in AI computing acceleration [1] Group 1: Google and TPU Chips - Google and Meta are reportedly in discussions to sell TPU externally, which could represent a breakthrough in the ASIC business model [1] - The potential of Google's TPU supply chain is expected to make it one of the most resilient segments in the AI hardware field by 2026 [1] Group 2: Market Dynamics - Nvidia's GPUs are anticipated to maintain their position as the mainstream AI computing chips [1] - There are opportunities to focus on computing infrastructure and application implementation within the evolving AI landscape [1]