持续推荐国产算力

Investment Rating - Industry rating: Recommended [5] Core Viewpoints - The overseas AI-related heat continues, with OpenAI partnering with AMD to deploy up to 6GW of AMD Instinct GPUs over the next few years, with the first batch of 1GW expected to be operational by 2026 [2][7] - The capital market shows strong enthusiasm for AI-related transactions, as evidenced by AMD's average increase of 30% [3][8] - Domestic AI applications are expected to accelerate breakthroughs, with a focus on the domestic computing power industry chain [3][9] Summary by Sections 1. Overseas AI Developments - OpenAI has launched the Sora 2 model, which features intelligent synchronization of audio and visuals, and has announced a significant increase in active users and API usage [2][8] - Samsung and SK Group have entered into a partnership with OpenAI to supply DRAM and HBM wafers for AI data centers [3][9] 2. Investment Recommendations - Focus on the domestic computing power industry chain, with notable growth from Alibaba Cloud and Huawei's super node cluster products [3][9] - Key beneficiaries include companies like Cambricon, Moore Threads, and SMIC, as well as those involved in advanced process manufacturing and chip architecture upgrades [3][9][11] - Recommendations extend to companies in the switch, optical device, PCB, and other related sectors, such as ZTE, Unisoc, and Longfly Fiber Optics [3][11] 3. Communication Sector Insights - Emphasis on two main areas: Beidou and satellite applications, and AI computing power [12] - Recommended companies include major telecom operators and equipment manufacturers, as well as third-party computing power leasing firms [12][14]