According to the CITIC Construction Investment Research Report, with the release of Kimi K3, the domestic open weight model began to participate in global capacity boundaries and commercial pricing power competition; the subsequent focus will be on observing the scale of community deployment, API calls, and payment conversion after full weight is opened. TSMC's performance exceeded expectations and raised its annual revenue guidelines. Previously, the performance forecasts of downstream chip, server, and switch related companies were also impressive. The AI hardware chain continued to be booming, which was ultimately reflected in continuous iteration and application implementation on the model side. It continues to be optimistic about GPUs, CPUs, storage, high-speed networks, and computing power rental services.

According to the CITIC Construction Investment Research Report, with the release of Kimi K3, the domestic open weight model began to participate in global capacity boundaries and commercial pricing power competition; the subsequent focus will be on observing the scale of community deployment, API calls, and payment conversion after full weight is opened. TSMC's performance exceeded expectations and raised its annual revenue guidelines. Previously, the performance forecasts of downstream chip, server, and switch related companies were also impressive. The AI hardware chain continued to be booming, which was ultimately reflected in continuous iteration and application implementation on the model side. It continues to be optimistic about GPUs, CPUs, storage, high-speed networks, and computing power rental services.