According to the CITIC Construction Investment Research Report, the number of major global models is expected to increase sequentially for 11 consecutive weeks. Domestic models occupy the lead in traffic due to high cost performance, and the revenue expectations of leading overseas manufacturers are rising. Domestic manufacturers are speeding up commercialization, and DeepSeek will launch timeshare pricing. Doubao has already launched multiple membership levels; Anthropic tightens Claude access restrictions, and the logic of domestic substitution is highlighted under geographical compliance factors. Prices of computing power hardware have risen across the board, Intel raised consumption and server CPU prices, and AMD is about to raise prices in the second half of the year; it is expected that DRAM and NAND contract prices will continue to rise in the third quarter, and the shortage of server storage capacity will continue until 2027. Agent AI changed the cost structure of computing power, demand for CPU and storage surged, and hardware price increases spread from GPUs to the entire data center industry chain.

According to the CITIC Construction Investment Research Report, the number of major global models is expected to increase sequentially for 11 consecutive weeks. Domestic models occupy the lead in traffic due to high cost performance, and the revenue expectations of leading overseas manufacturers are rising. Domestic manufacturers are speeding up commercialization, and DeepSeek will launch timeshare pricing. Doubao has already launched multiple membership levels; Anthropic tightens Claude access restrictions, and the logic of domestic substitution is highlighted under geographical compliance factors. Prices of computing power hardware have risen across the board, Intel raised consumption and server CPU prices, and AMD is about to raise prices in the second half of the year; it is expected that DRAM and NAND contract prices will continue to rise in the third quarter, and the shortage of server storage capacity will continue until 2027. Agent AI changed the cost structure of computing power, demand for CPU and storage surged, and hardware price increases spread from GPUs to the entire data center industry chain.