Core Insights - The report emphasizes that the pessimistic expectations surrounding computing infrastructure are reversing, with leading companies like Nvidia and Broadcom showing strong market performance, indicating a sustained high prosperity trend in computing infrastructure [3][4][5] - The AI industry chain is expected to have a certain rebound potential under the influence of overseas mapping and market style rotation, making it an optimal time for investment [2][4][6] Computing Infrastructure - Recent performance in the A-share TMT sector has been notable, with telecommunications, computers, electronics, and media sectors rising by 2.42%, 2.42%, 2.23%, and 1.34% respectively, while computing infrastructure components like optical modules, copper connections, and circuit boards saw increases of 5.18%, 4.45%, and 3.88% [4] - The launch of new AI products, such as AR glasses, is accelerating the integration of AI applications from concept to execution, with major tech companies like Microsoft and Google heavily investing in this area [6] AI Industry Chain - The report highlights that the AI application landscape is transitioning towards deep integration and task execution, with significant developments expected at the upcoming ByteDance Volcano Engine 2025 conference [6] - The computing infrastructure sector, particularly components directly benefiting from the high prosperity of overseas computing leaders like Nvidia, is identified as a key area for investment focus [6]

Group 1 - Broadcom announced the launch of its new data center switch chip, Tomahawk 6, which boasts an Ethernet switching capacity of 102.4 terabits per second, double that of any current Ethernet switch on the market [1] - The Tomahawk 6 chip is designed specifically for data centers running AI processor clusters and is manufactured using TSMC's 3nm process, an upgrade from the previous 5nm process used for Tomahawk 5 [1] - The chip's increased bandwidth is expected to reduce the number of network devices required, thereby lowering power consumption and enhancing reliability [1] Group 2 - Wall Street analysts have raised their target prices for Broadcom ahead of its upcoming Q2 earnings report, with Citigroup's analyst increasing the target price from $210 to $276 [3] - Analysts expect Broadcom to report better-than-expected earnings, driven primarily by strong performance in its AI business, which is projected to account for about 30% of the company's revenue this year [4] - Despite NVIDIA's dominance in the AI chip market, Broadcom and Marvell Technology are gaining attention by providing custom silicon solutions to major tech clients [4]