AI带动算力建设需求，算力市场发展空间巨大

Investment Rating - The report indicates a positive investment outlook for the AI computing market, highlighting significant growth potential driven by advancements in artificial intelligence technology and increasing demand for computing power [2][4]. Core Insights - The AI computing market is expected to grow substantially, with the global market size projected to increase from $19.5 billion in 2022 to $34.66 billion by 2026, reflecting a robust compound annual growth rate [2][4]. - China's AI computing market is also on a growth trajectory, with the intelligent computing scale reaching 260 EFLOPS in 2022 and expected to exceed 1,117.4 EFLOPS by 2027, supported by government policies and initiatives [4]. Summary by Sections - AI Development and Key Components: The report emphasizes that AI's evolution over the past 60 years has been significantly influenced by advancements in algorithms, computing power, and data, with computing power being a critical factor in the recent deep learning wave since the 2010s [2]. - Market Demand and Growth: The demand for computing power is surging due to the rapid iteration of AI models and the expansion of AI application scenarios, leading to exponential growth in data processing needs [2]. - Government Support in China: The Chinese government has implemented various policies to enhance the role of AI in boosting national competitiveness, contributing to steady growth in the AI market [4].