AI TRENDS | Guotai Haitong Maintains 'Overweight' Rating on Overseas AI Power and Application Chain

Guotai Haitong has maintained its 'overweight' rating on the overseas AI computing power and application industry chain, according to Jin10. The research report highlights the rapid growth of OpenAI and Anthropic, which not only demonstrates the expanding capability boundaries of AI models but also drives demand across the entire AI industry chain. The report suggests focusing on three key areas: (1) the hardware supply chain, including GPU/ASIC, CPU, storage, advanced processes, advanced packaging, and semiconductor equipment, which benefit from the computing power expansion of OpenAI and leading global model manufacturers; (2) cloud providers and infrastructure platforms that handle AI workloads and model distribution; and (3) application companies with the capability to implement solutions across the entire ecosystem and various scenarios.