Investment Rating - The industry investment rating is maintained as "Positive" [4] Core Insights - The release of the Shuguang super node marks a significant breakthrough in domestic computing power, showcasing advantages over traditional intelligent computing methods through high-speed interconnection technology, which enhances bandwidth and reduces latency [6] - The Shuguang Scale X640 super node, launched on November 6, 2025, is the world's first 640-card single-cabinet super node, designed for training trillion-parameter models, improving performance by 30%-40% compared to traditional solutions [6] - Domestic computing power and super nodes are expected to continue achieving breakthroughs, with the Shuguang X640 demonstrating top-tier performance, efficiency, reliability, and openness in the AI computing system [6] Summary by Sections Investment Recommendations and Targets - Recommended stocks include Haiguang Information (688041, Buy), Zhongke Shuguang (603019, Buy), and others that are either rated or not rated [3] Industry Overview - The report focuses on the computer industry in China, highlighting advancements in domestic computing capabilities and the competitive landscape [4][6]