研报金选丨别急着找下一个宁德时代，跟着这些“卖水人”能吃肉

Group 1 - The computing power sector is experiencing significant growth, with Nvidia reducing costs by 70%, and analysts optimistic about an 80% penetration rate and a market size of $40 billion [4][5] - The demand for low-power, high-speed cluster solutions is driving the need for higher integration, which may provide better solutions [6] - Leading communication equipment manufacturers have mature solutions, indicating that the CPO switch industry may soon be industrialized [7] Group 2 - The compound annual growth rate (CAGR) for shipments in the next five years is expected to reach 123%, with a market opportunity of $250 billion on the horizon [9][10] - The solid-state battery industry is accelerating its 0-1 industrialization due to increasing support from policies and applications [10] - The global market for solid-state batteries is projected to exceed $250 billion by 2030, with rapid growth expected in the domestic market by 2027 [12]