According to the CITIC Construction Investment Research Report, in the context of high market fluctuations, fundamentals are one of the important reference factors in investment decisions. Judging from the fundamentals of various sectors in the communications industry, the proposal mainly focuses on the following aspects: first, the first-tier overseas computing power sector, which has solid fundamental support, has achieved good performance, and the valuation level is low; second, second-tier overseas computing power and domestic computing power are beginning to gradually achieve breakthroughs on the customer side, and performance may begin to be realized; third, the general direction of new quality productivity, which will have more industrial policy support in the future, such as quantum, low-altitude economy, data elements, satellite communications, etc. Meanwhile, the third quarter earnings season is coming, so it is recommended to focus on companies that performed well or improved significantly in the third quarter.

According to the CITIC Construction Investment Research Report, in the context of high market fluctuations, fundamentals are one of the important reference factors in investment decisions. Judging from the fundamentals of various sectors in the communications industry, the proposal mainly focuses on the following aspects: first, the first-tier overseas computing power sector, which has solid fundamental support, has achieved good performance, and the valuation level is low; second, second-tier overseas computing power and domestic computing power are beginning to gradually achieve breakthroughs on the customer side, and performance may begin to be realized; third, the general direction of new quality productivity, which will have more industrial policy support in the future, such as quantum, low-altitude economy, data elements, satellite communications, etc. Meanwhile, the third quarter earnings season is coming, so it is recommended to focus on companies that performed well or improved significantly in the third quarter.