CITIC Securities highlights accelerating momentum in global AI applications this year. Demand-side indicators show robust token consumption growth alongside surging adoption and revenue from large-scale models. Supply-side developments reveal dual dynamics: general-purpose applications like AI search, coding tools, and agent systems built on LLMs are experiencing explosive adoption, while multimodal models undergo continuous upgrades—unlocking breakout potential for image and video generation platforms. Concurrently, vertical applications proliferate across marketing, customer service, recruitment, education, healthcare, and legal sectors.

The brokerage maintains its positive outlook on supply chain opportunities fueled by international computing power requirements. It further recommends monitoring domestic cloud service providers and internet firms possessing AI infrastructure, model capabilities, and implementation scenarios. Investment prospects also emerge from practical deployments of coding assistants, agent systems, and visual content generation tools.