华为震撼发布昇腾新系列，国产算力亮剑AI产业链持续高景气

Investment Rating - Industry Rating: Outperform the market (maintained rating) [6] Core Viewpoints - The report maintains a positive outlook on the computing power industry chain, particularly in overseas markets, which remain resilient despite challenges such as DeepSeek and trade frictions. The domestic AI industry is also expected to thrive, with 2025 potentially being a pivotal year for AI infrastructure and applications [3][39]. Summary by Sections 1. AI Industry Dynamics - Huawei announced a roadmap for its Ascend chip series, with the Ascend 950PR and Ascend 950DT chips expected to launch in Q1 and Q4 of 2026, respectively. The Ascend 960 and 970 chips are planned for release in 2027 and 2028 [11][25]. - The Atlas 900 A3 SuperPoD has been deployed over 300 times, serving more than 20 clients, and the upcoming Atlas 950 SuperPoD is expected to support 8192 Ascend cards with a computing power of 8 EFLOPS FP8 and 16 EFLOPS FP4, set to launch in Q4 2026 [12][30]. 2. Key Investment Opportunities - The report highlights key investment opportunities in the AI and digital economy sectors, recommending companies involved in optical modules, switches, servers, and IDC resources, such as Zhongji Xuchuang and Tianfu Communication [42]. - The report also emphasizes the importance of the satellite internet and low-altitude economy, recommending companies like Huace Navigation and Haige Communication [44]. 3. Market Trends - The communication sector saw a 1.01% increase in the week of September 15-19, outperforming the CSI 300 index by 1.46 percentage points. Key stocks that performed well include Dekeli and Changfei Fiber [46][47]. - The report suggests that the AI and digital economy will continue to be a strong trend, with significant opportunities in ICT equipment, optical communication, and cloud computing infrastructure [40][41].