Xin Lang Cai Jing·2026-02-27 00:17Group 1 - The core viewpoint of the report indicates that the performance of the computing power sector is currently mixed, with market expectations for demand in 2027 still showing divergence [1] - CITIC Securities believes that the current adjustment in the sector presents an opportunity, as the demand for computing power remains strong due to the ongoing iteration and upgrade of AI large models [1] - The report recommends continued focus on the AI sector, particularly the North American and domestic computing power industry chains, as well as the progress of edge AI applications [1] Group 2 - CITIC Securities also suggests paying attention to potential marginal improvements in the submarine cable and optical fiber cable sectors, as well as military communication and commercial aerospace sectors [1] - The report highlights the increasing investments in quantum technology by both domestic and international giants [1]