The domestic computing power industry chain is setting off a new wave of investment. SMIC revealed that in addition to the company's previous predictions, the Chinese Internet company drastically increased hardware investment, and the number of customer offsets far exceeded the original expectations, and the supply of many components was in short supply. Tencent has drastically increased procurement of computing power, and Ali is expanding the global production capacity of modular data centers. GF Securities pointed out that increasing capital expenditure by cloud vendors is once again beneficial to the AI industry chain. In a context where investment and production expansion by cloud vendors has begun to bring a certain return on profits, higher investment in AI infrastructure can raise cloud vendors' own long-term profit expectations, and on the other hand, it also means stronger hardware procurement requirements, thereby alleviating market concerns about the slowdown in upstream chip, communication connectivity, and storage order growth.

The domestic computing power industry chain is setting off a new wave of investment. SMIC revealed that in addition to the company's previous predictions, the Chinese Internet company drastically increased hardware investment, and the number of customer offsets far exceeded the original expectations, and the supply of many components was in short supply. Tencent has drastically increased procurement of computing power, and Ali is expanding the global production capacity of modular data centers. GF Securities pointed out that increasing capital expenditure by cloud vendors is once again beneficial to the AI industry chain. In a context where investment and production expansion by cloud vendors has begun to bring a certain return on profits, higher investment in AI infrastructure can raise cloud vendors' own long-term profit expectations, and on the other hand, it also means stronger hardware procurement requirements, thereby alleviating market concerns about the slowdown in upstream chip, communication connectivity, and storage order growth.