CITIC Securities: Focus on areas such as physical AI data and simulation, AI security, and domestically produced chips.

36Kr has learned that, according to a research report by CITIC Securities, Cambricon and Hygon Information saw revenue growth and improved gross margins in the third quarter. Domestic configuration and overseas high-end GPU rental rates rose, maintaining the strong performance of computing power services. General-purpose large models and execution frameworks are synergistically enhancing robot operational capabilities, leading manufacturers are pushing forward with capacity expansion, and the development of high-quality interactive data, simulation synthesis, and evaluation systems is expected to expand demand in the physical AI industry. PHP vulnerabilities and the LiteLLM supply chain incident highlight the need for vulnerability exploitation, credential management, and runtime protection. Model companies are advancing code verification and execution isolation, driving the deployment of AI security products. The report recommends focusing on areas such as physical AI data and simulation, AI security, domestic chips and supernodes, and computing power services.

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