CITIC Construction Investment Optimistic About Computing Power Industry Chain, AI Applications Resonating with Cloud Business
CITIC Construction Investment's research report points out that OpenAI reduced the price of GPT-5.6 SolAPI by over 20% on August 21, lowering the cost of high-performance model calls. This is expected to drive growth in high-token scenarios such as Agent and code generation, boosting demand for inference-side computing power. Alibaba's latest quarterly revenue from AI Cloud and Compute Services was approximately 48.4 billion yuan, a year-on-year increase of 45%. Revenue from AI-related products has achieved triple-digit growth for 12 consecutive quarters, indicating that AI demand is accelerating towards commercialization. CITIC Construction Investment remains optimistic about the opportunities in the optical module, server, liquid cooling, and cloud computing industries driven by the commercialization of large models and the increase in computing power demand.
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