Tianfeng securities: computing power and trust in innovation are expected to take another step upward.

Tianfeng Securities Research Report believes that looking ahead to Q2 and the second half of the year, the core logic revolves around "Alibaba Chain Ecology + Domestic Substitution + AI Application Diffusion". With Alibaba Chain as the core of the ecological system, relying on the deep accumulation of traffic entry, model capabilities, cloud and self-owned hardware, combined with the layout of vertical ecological systems in industries such as finance and government by Ant Group, it is expected to become the "chain master" for the landing of B-end Agent in China, driving the development of related ecosystems. In this context, domestic computing power and the information technology sector will benefit from policy support for self-controllable and technological iteration, and the business climate is expected to continue to improve; at the same time, AI applications and SaaS will accelerate their diffusion to vertical industries such as financial IT and smart vehicles.