Galaxy Securities pointed out that although the market is concerned about the AI bubble, we believe that AI is still in the early stages of development. The financial situation of leading US internet companies is still healthy, and there is still room for future capital expenditure growth. Mu Xi Co., Ltd., Moore Thread and Tianshu Zhixin have successively entered the capital market, and the development of domestic GPUs is expected to accelerate, thereby driving integrated circuit manufacturing and demand for equipment and materials.

Galaxy Securities pointed out that although the market is concerned about the AI bubble, we believe that AI is still in the early stages of development. The financial situation of leading US internet companies is still healthy, and there is still room for future capital expenditure growth. Mu Xi Co., Ltd., Moore Thread and Tianshu Zhixin have successively entered the capital market, and the development of domestic GPUs is expected to accelerate, thereby driving integrated circuit manufacturing and demand for equipment and materials.