Group 1 - The A-share market showed mixed performance with sectors such as diversified finance, precious metals, mining, and software development leading in gains [1] - The AI ETF (515070) saw its holding stock Cambricon rise over 4%, reaching a new historical high, while other holdings like OmniVision and Inspur also experienced increases [1] - According to the "China Computing Power Development Index White Paper," China's computing power accounts for 26% of the global total, ranking second, while intelligent computing surpasses the US with a 52% share compared to 19% [1] Group 2 - The report from CITIC Securities indicates that the current user penetration rate of AI large models is still low, and the development of large models is in the early to mid-stage, with the industrial application cycle just beginning [1] - Investment in computing power is expected to grow significantly as revenues from large models increase, indicating a high potential ceiling for investments [1] - Both North American and domestic supply chains for computing infrastructure are worth monitoring [1]