For the judgment of the upward trend of AI, we believe that there are three catalysts: 1 Computing power is the infrastructure for all changes. The release of H200 directly doubles the rate at which data center chips were updated every two years in the past. 2. The release of the stronger and cheaper large model GPT 4 Turbo lowers entry barriers, and the custom GPT+GPT application store is expected to create a vibrant software and application ecosystem. The performance of the B100 and GPT5 is expected to be released in 2024, with a significant upgrade or release of unprecedented productivity.