In July and August, AI hardware has been in the spotlight. Companies like Industrial Fulian, Cambricon, Zhongji Xuchuang, and Cambridge Technology have made headlines.
However, the AI hardware sector is showing signs of fragmentation, with an overall adjustment as prices have risen significantly. Looking ahead, the world has indeed entered the AI era, and the prospects for AI hardware present both opportunities and challenges, with opportunities far outweighing the challenges. Especially in the context of domestic substitution, domestic chips are expected to accelerate their replacement due to cost-performance advantages. Core companies have a bright future ahead.
Here is a list of some stocks related to AI hardware:
The Huawei Ascend concept is rumored to have seen NVIDIA’s domestic sales drop to nearly zero, presenting a significant opportunity for the entire Ascend ecosystem.
In the server field:
Inspur Information (000977): The global leader in AI server market share for several consecutive years and a core partner for NVIDIA’s H100/H200 chips.
Industrial Fulian (601138): The exclusive foundry for NVIDIA’s GB200/GB300 series AI servers, holding over 70% of the foundry market share in China.
In the PCB field:
Shenghong Technology (300476): A global leader in AI server PCBs, a core supplier for NVIDIA, with high technical barriers and strong profitability.
Huadian Technology (002463): A dual leader in high-end communication boards and automotive PCBs, benefiting significantly from data center upgrades, with bulk shipments of 800G switch PCBs.
In the optical module field:
Zhongji Xuchuang (300308): The exclusive supplier of NVIDIA’s 800G/1.6T optical modules, with orders accounting for over 60%, and silicon photonics technology compatible with the GB300 architecture.
Tianfu Communication (300394): A global leader in core components for optical devices, providing optical engine components for NVIDIA’s Quantum switches, with a market share of 70% in CPO technology.
In the AI chip field:
Haiguang Information (688041): Focused on high-end processor development, its DCU products lead the domestic high-end GPGPU market, with a market share exceeding 50% in finance and communications.
Cambricon (688256): The first domestic “AI chip stock,” with the Siyuan series chips covering cloud, edge, and terminal applications, featuring independently developed architectures.
In the liquid cooling technology field:
Invec (002837): The exclusive supplier of NVIDIA’s GB300 cabinet-level liquid cooling solutions, with a market share exceeding 40%, covering technologies such as microchannel cold plates and immersion cooling.