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Research Reports Prospecting丨Guosheng Securities: Maintain "Buy" rating for Ruijie Networks, high-end products are expected to accelerate volume growth.
Guosheng Securities recently pointed out in a Research Report that Ruijie Networks (301165.SZ) provides intelligent computing center network construction services for several large Internet Plus-Related clients. Since entering the era of large models, the scale of clusters has expanded rapidly, and the interconnection requirements between computing cards have also increased quickly. As the core Hardware that supports the Internet, the space of the Industry Chain for Switches is continuously being opened up. The overseas Ethernet protocols are accelerating into top-tier training clusters, and with the release of Switch products corresponding to Broadcom's TH5 chip in China, the domestic data communication switching network is also expected to enter a new iteration cycle. At the same time, excellent large models such as Doubao and Qiling continue to emerge in the country.
Analysts predict that ByteDance's AI computing power expenditure will exceed 100 billion yuan by 2025, and the dawn of domestic computing power demand is approaching.
① Recently, ByteDance released a procurement sourcing announcement for the design framework of its self-built Datacenter substation. ② Zheshang Securities stated that the dawn of domestic computing power demand has arrived, and ByteDance has made huge investments in AI, with capital expenditures reaching 80 billion yuan in 2024.
Guosheng Securities: The new logic of the IDC Industry under AI development will start from energy consumption destocking.
The rapid development of AI will drive the demand for Datacenters after digesting existing resources, promoting improvements in prices and profitability.
Ruijie Networks (301165.SZ): The AI Fabric intelligent computing center solution launched and some high-end Switch products use Broadcom's products.
Gelonghui, January 2nd丨Ruijie Networks (301165.SZ) stated on the investor interaction platform that the AI Fabric computing center solution and some high-end Switch products launched by the company use Broadcom products; in 2022, the company collaborated with Tencent and Broadcom to jointly participate in the innovation and application of CPO technology in switch networks; at the same time, the company is actively exploring the development of end-to-end collaborative solutions based on the company's high-performance chip networking, providing users with high-quality and highly reliable overall network solutions.
Guosheng Securities: Pay attention to AIDC Infrastructure and recommend "Four Large and Four Small".
In the future, as the demand for Electrical Utilities in Datacenters gradually increases, power suppliers for Datacenters are expected to benefit from the demand for improved stability of Datacenters.
Has Ruijie Networks Co., Ltd.'s (SZSE:301165) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Investors Could Be Concerned With Ruijie Networks' (SZSE:301165) Returns On Capital
