Xinhua News Agency, June 13, CITIC Construction Investment News pointed out that recently, the performance of arithmetic plates such as optical modules and switches has continued to be strong. In the context of the rapid development of AI, computing is still a very scarce resource. The fat tree network architecture on the training side has brought a significant increase in the number of optical modules, while GH200 will upgrade the large bandwidth of NVLink to further increase 800G optical module demand between servers, and the market for digital optical modules is expected to shift from cloud computing demand to AI demand. At the current time, we believe that most of this year's 800G optical module orders are expected to be delivered in the second half of the year, and the performance is expected to continue to materialize. At the same time, it is recommended to pay attention to the next events that may have an impact on the industry, including the second quarterly report of cloud manufacturers, the second quarterly report of Nvidia and other computing companies, and the changes in the optical module demand guidelines of cloud manufacturers such as AWS.