机构：看好算力产业链投资机会

Core Insights - The National Bureau of Statistics has released implementation opinions on strengthening data technology innovation, emphasizing the construction of a unified national computing power network to support data technology research and verification [1] Group 1: Industry Trends - AI computing power is becoming a major growth engine in the telecommunications industry, with investment opportunities in the computing power supply chain, particularly in optical chips, OCS, hollow-core fibers, liquid cooling, and power supply [1] - The computing power sector has outperformed the market since 2025, with significant growth in both models and applications, indicating potential for a long-term bullish market similar to the US stock market in 2023 [1] Group 2: Domestic Developments - Domestic computing power is gaining momentum, with performance elasticity and investment certainty, driven by advancements in semiconductor equipment and AI chips under overseas restrictions, making domestic substitution a prevailing trend [1] - The collaboration between AI large models and domestic chip manufacturers is forming a complete technological ecosystem, with continuous capacity expansion expected to accelerate the integration into the domestic computing power infrastructure supply chain [2]