Group 1 - The core viewpoint emphasizes increasing investment in the theme of technological self-reliance and strength, supported by significant policy backing from the recent Fourth Plenary Session, which highlights the acceleration of high-level technological self-reliance as a core development line for the 14th Five-Year Plan [1] - The report indicates that the upcoming third-quarter earnings reports will be released, suggesting a focus on core sectors with strong growth potential while also identifying alpha opportunities in companies with standout financial results [1] - The domestic computing power sector is experiencing high prosperity, with notable capitalizations of core chip manufacturers, as evidenced by the successful IPO of Mu Xi Co., a leading high-performance general GPU company, and the rapid revenue growth of companies like Haiguang Information and Cambrian [1] Group 2 - The second chapter of the report focuses on tracking the AI browser industry, particularly in relation to OpenAI's release of Atlas, which is expected to accelerate penetration in this sector [2]

Group 1 - The core viewpoint of the news is that Muxi Integrated Circuit (Shanghai) Co., Ltd. has officially received approval for its IPO application on the Sci-Tech Innovation Board, aiming to raise up to 3.904 billion yuan through the public offering of no more than 40.1 million shares [1] - The funds raised will be allocated to three key areas: the development and industrialization of new high-performance general-purpose GPUs, the development and industrialization of next-generation AI inference GPUs, and the R&D of high-performance GPU technologies for cutting-edge fields and emerging application scenarios [1] - Muxi's successful fundraising and project implementation are expected to enhance the continuous iteration and upgrade of its core product lines, further solidifying its leading position in the industry and potentially expanding its market share [1] Group 2 - Muxi has established itself as a leading player in the domestic high-performance general-purpose GPU market since its founding in September 2020 [1] - As of the date of the prospectus signing, Chen Weiliang controls 22.94% of Muxi's shares and has the nomination rights for more than half of the board members, excluding independent directors, making him the actual controller of the company [1] - The company has undergone significant capital operations, including seven rounds of capital increases, eight rounds of equity transfers, and one capital reserve conversion to share capital, with its post-investment valuation soaring to 21.071 billion yuan during the latest external equity financing [1] Group 3 - Muxi's shareholder lineup includes prominent investors such as Ge Weidong, Chaos Investment, Sequoia Capital, National Adjustment Fund, CCTV Media, and Zhen Fund [2] - Ge Weidong and Chaos Investment hold a combined 7.48% of Muxi's shares, with Ge directly owning 3.98% and Chaos Investment holding 3.50% [2] - Muxi's revenue has shown remarkable growth, increasing from 426,400 yuan in 2022 to 53 million yuan in 2023, and projected to reach 743 million yuan in 2024, with the first quarter of this year already achieving 320 million yuan [2]