The Zhitong Finance App learned that Tianfeng Securities released a research report saying that looking forward to the GTC 2024 conference, it is expected to launch new robot-related products and a new generation of Nvidia's AI accelerated computing chip B100. At the same time, if the B100 is launched, liquid cooling may also use a liquid cooling solution, which is catalytic for the liquid cooling industry, and the application of liquid cooling may become necessary. The core targets of the industry chain are worth paying attention to: ① Optical modules & optical devices: Zhongji Xuchuang (300308.SZ), Tianfu Communications (300394.SZ), etc.; ② Servers/switches: recommended to focus on Phillincoth (301191.SZ), Huafeng Technology (688629.SH), etc.; ③ Data centers/computing centers: Runze Technology (300442.SZ) (joint mechanical unit coverage), etc.; ④ Liquid cooling related: Recommended attention: Invek (002837.SZ), etc.; ⑤ Robotics-related: Hanwei Technology (30000) 7. SZ) (mechanical group joint coverage), etc.

GTC conference launched a variety of blockbuster products, industry trend vane

Looking back at the GTC conference in 22/23, a number of major products were released, which also spurred the development of the entire AI computing industry. From cloud computing to big data technology, high-performance computing to driverless cars, robots to artificial intelligence, to AIGC, which is currently causing the global AI wave, Nvidia, as a constantly running technology company, often announces its cutting-edge technology at GTC conferences, and has become a trend vane in the global AI field.

Before and after the GTC conference is revisited, the core targets are expected to benefit

The performance of A-shares and US equity-related stocks was reviewed before and after the GTC conference in the past two years. The core AI stocks all had good stock price performance in the week before the meeting. In terms of A-shares, the 22-year correlation was not obvious, but a week after the 23th GTC conference, A-share related stocks also showed good performance and continued their strong trend during the first half of last year.

The core goals of the industrial chain are worth paying attention to:

① Optical modules & optical devices: Zhongji Xuchuang (300308.SZ), Tianfu Communications (300394.SZ), Xinyisheng (300502.SZ), Yuanjie Technology (688498.SH) (joint electronic package coverage), Bochuang Technology (300548.SZ), Shijia Photonics (688313.SH), etc.

② Server/switch: Shanghai Electric Power (002463.SZ) (electronic group joint coverage), ZTE (000063.SZ), Ziguang Co., Ltd. (000938.SZ) (computer group joint coverage), Shengke Communications (688702.SH), recommended attention: Phillincox (301191.SZ), Huafeng Technology (688629.SH), etc.

③ Data Center/Intelligent Computing Center: Runze Technology (300442.SZ) (mechanical group joint coverage), Runjian Co., Ltd. (002929.SZ), Aofei Data (300738.SZ) (computer group joint coverage)

④ Related to liquid cooling: Recommended attention: Invec (002837.SZ), Gaolan Co., Ltd. (300499.SZ), Science and Technology Innovation Source (300731.SZ), etc.

⑤ Robotics-related: Hanwei Technology (300007.SZ) (mechanical group joint coverage), Tuobang shares (002139.SZ) (electronic group joint coverage)

Risk warning

There are risks such as new product launches falling short of expectations, AI progress falling short of expectations, advances in robotics falling short of expectations, and poor iteration of computing power chip performance.