Sugon(SH:603019) Ge Long Hui·2025-12-26 05:31Core Viewpoint - The report from Guohai Securities highlights the launch of the scaleX万卡超集群 by Zhongke Shuguang, marking a significant advancement in domestic AI supercomputing capabilities, with the system surpassing the 2027 roadmap of similar overseas products [1] Group 1: Product Overview - The scaleX万卡超集群 is a system composed of multiple scaleX640 supernodes interconnected via the scaleFabric high-speed network [1] - It features a global first with a single cabinet-level 640-card supernode, enabling a total deployment of 10,240 AI accelerator cards [1] - The overall computing power exceeds 5 EFlops, showcasing a breakthrough in computing, networking, and storage integration [1] Group 2: Competitive Advantage - Some technologies and capabilities of the scaleX万卡超集群 have already surpassed the 2027 NVL576 milestone of similar overseas products [1] - The core advantages include the innovative architecture and high performance, positioning Zhongke Shuguang favorably in the AI supercomputing market [1] Group 3: Market Outlook - The ongoing growth of national intelligent computing projects and CSP capital investments is expected to benefit Zhongke Shuguang as a leader in the domestic computing ecosystem [1] - The company's main business value is anticipated to be reassessed in light of the advancements in AI technology [1] - The report maintains a "buy" rating, reflecting confidence in the company's future prospects [1]