Zhongyuan Securities: Domestic computing power chips usher in a shining moment, both at the super node and cluster levels exceed expectations.

Zhongyuan Securities research report indicates that, recently, domestic manufacturers have changed their low-profile style in the field of computing power chips. Alibaba and Huawei have successively released progress and achievements in computing power, sending positive signals to the market. Compared to the release of DeepSeek-R1 at the beginning of the year, China not only benchmarks overseas manufacturers in the model layer, but also bridges the gap in hardware through cluster computing. It is globally leading in super nodes and cluster levels, and has achieved important breakthroughs in independent HBM and interconnection technology. Therefore, there is a more positive expectation for the long-term development of China's AI and computing power industries. It is still recommended to pay close attention to EDA companies such as Huada Jiutian, Runze Technology with large-scale intelligent computing center delivery plans, and Zhongke Xingtu actively expanding in the low-altitude economy and commercial aviation fields.