Jin Rong Jie·2026-02-26 03:58Industry Overview - The current market focus is on the surge in demand for computing power driven by the large-scale application of AI, with computing hardware becoming a critical infrastructure for the AI industry [2][3] - Green computing policies are accelerating the penetration of liquid cooling technology, while overseas giants' iterations in computing technology further catalyze the sector's heat [2] - The tight inventory of storage chips highlights the supply-demand gap, increasing market attention on the computing hardware sector [2] Computing Hardware Sector - NVIDIA showcased the next-generation VeraRubin computing system, which integrates 72 Rubin GPUs and 36 Vera CPUs, demonstrating the technological upgrade direction of computing hardware products [3] - The State-owned Assets Supervision and Administration Commission of the State Council emphasized the need to strengthen investment traction and expand effective investment in computing power [3] - SK Hynix reported that DRAM and NAND inventory is only sufficient for about four weeks, indicating a tight supply chain in computing hardware [3] Related Industries - Computing Chips: The explosive growth in demand for AI model training and inference is leading to a shortage of high-performance GPUs and HBM memory products, with prices and order volumes rising [4] - PCB: High-performance servers are increasing the demand for PCBs with higher layer counts and better thermal management, benefiting manufacturers with advanced PCB production capabilities [4] - CPO: Co-packaged optics technology is effectively addressing power consumption and bandwidth bottlenecks in high-speed data transmission, with companies mastering CPO core packaging processes set to benefit [4] - Liquid Cooling Servers: Stricter energy consumption policies for data centers are making traditional air cooling solutions inadequate, with liquid cooling solutions expected to expand significantly [4] Key Companies - HuiDian Co., Ltd.: A leading PCB manufacturer in China, specializing in high-end communication and server boards, benefiting from the demand for computing infrastructure [5] - Anlu Technology: A leading FPGA chip supplier in China, whose products are widely used in AI inference acceleration and data center computing power scheduling [5] - Tianfu Communication: Focused on the R&D and manufacturing of core optical communication devices, with a strong technical foundation in the CPO field [5] - Xin'an Co., Ltd.: A leading organic silicon company in China, which has launched silicon-based liquid cooling products and is collaborating on commercial immersion cooling projects [5]