【Shanxi Securities: OpenAI's New Product Launch Catalyzes Demand, Low Earth Orbit Satellite Launches Continue to Accelerate】Jin10 Data, December 11, reports that Shanxi Securities' research report points out, 1) The "OpenAI 12 Days" event was held, releasing the official version of o1 & pro version and the full version of ChatGPT pro o1, which is faster and more powerful than o1 preview, performing better in coding, mathematics, and writing, and also possesses native image reasoning capabilities. As the marginal cost of training continues to increase and the computing power for cot reasoning continues to grow, the demand for computing power in 2025 is real and may continue to exceed expectations. It is recommended to seize the current valuation lows in optical modules, copper connections, power supplies, and liquid cooling as they transition to 2025 performance. 2) Amazon showcased the trn1 ultra cabinet product, with cloud vendors’ ASIC bringing incremental demand for copper connections. Cloud vendors' self-developed ASICs will bring significant incremental demand for high-speed copper connections. Currently, copper connection system component manufacturers are concentrated overseas, while bare wire supporting capacity is concentrated domestically. 3) Last week, Yuanxin Qianfan's third networked star was successfully launched in Taiyuan, and SpaceX's mobile direct link satellite network is commercialized. The development of low Earth orbit satellite internet is related to the discourse power of 6G standards, orbital frequency resources, and the strategic competition of major countries in international aerospace infrastructure, and is expected to force our country to accelerate the launch of low Earth orbit constellations. Under the continuous catalyst of events, related targets in the industrial chain are expected to usher in certain performance contributions, driving a double-click market. (Source: Jin10 Data)