[CITIC Securities: Token Surge Leads to Computing Power Shortage, Domestic Computing Power Accelerates Breakthrough in Inference] CITIC Securities pointed out that the explosion of applications such as Agent & multimodal has driven a surge in Token usage, resulting in a domestic computing power shortage. Domestic large models are actively adapting on the inference side, creating accelerated growth opportunities for domestic computing power manufacturers. It is estimated that by 2026, the shipment volume of domestic computing power chips will achieve at least double growth, bringing strong growth momentum to computing power design companies, advanced processes, advanced packaging, advanced storage, and supporting industry chains. (People's Financial News)