【CITIC Securities: Optimistic about the Recovery Opportunities in the Global Enterprise IT Hardware Sector in 2025】 Jin Ten Data, December 1st. CITIC Securities research report states that they are optimistic about the recovery opportunities in the global enterprise IT hardware sector in 2025. It is expected that the main factors suppressing global enterprise IT hardware spending in 2024 are likely to improve significantly by 2025, including better macro expectations, elimination of policy uncertainty after the U.S. elections, and the opening of the Federal Reserve's interest rate cut channel, all of which will help ease overall IT spending by enterprises in Europe and the United States. At the same time, the end of Windows 10 EOL, the introduction of new generation server CPU platforms, and the conclusion of inventory destocking for enterprise network equipment will also provide support in terms of sales and structure. Coupled with further downward revisions of market expectations after the third quarter reports, they are optimistic about investment opportunities in the U.S. enterprise IT hardware sector in 2025. In order of priority, it is recommended to pay attention to: commercial PCs, AI servers, general servers, network equipment, and enterprise storage sectors. (Source: Jin Ten Data)