CITIC Securities: Huawei Ascend product group debuts, accelerating the breakthrough of leading domestic computing power.

CICC Securities research report stated that on September 18th, Huawei unveiled a roadmap for the future development of Ascend at the Huawei Full Connect Conference 2025, planning to release 950PR, 950DT, 960, and 970 in 26Q1/26Q4/27Q4/28Q4 respectively. In addition, they are also developing large-scale super node new products such as Atlas 950 SuperCluster and Atlas 960 SuperCluster, supporting 8192/15488 cards respectively. We are optimistic about Huawei Ascend as a representative of domestic computing power accelerating breakthroughs, leading with advanced process technology, and recommend paying attention to HBM and other supporting industries.