CITIC Construction Investment: Focus on reasoning computing power and commercial spaceflight development opportunities

Mars Finance News: a research report from CITIC Construction Investment notes that AI computing power and commercial space are entering an accelerated industrial growth period.

On the computing side, the evolution of applications is profoundly reshaping the underlying infrastructure: with Agent, computing workloads are expected to shift from GPU-intensive to CPU-intensive; the CPU-to-GPU mix in data centers is expected to increase significantly. Fueled by the explosive surge in AI computing power demand—along with factors such as rising memory prices and tight capacity—server CPUs have been experiencing shortages and price increases since the beginning of this year. Meanwhile, the demand to reduce costs in large-model inference is driving major players to accelerate their deployments of ASICs, moving the industry toward heterogeneous coordination of GPU + ASIC.

On the space side, taking the 2026 Space Day as an opportunity, as multiple types of reusable rockets undergo intensive validation, the improvement in transportation capacity supply will fully accelerate satellite internet networking, pushing commercial space into a stage of high-quality development.