A Gold Finance report, a Guosheng Securities release research report stated that behind Nvidia's financial report is the long-term sustainability and growth of AI hardware demand. From various perspectives including technology-driven, demand structure, and competitive landscape, it can be argued that the long logic of AI narrative has not wavered. The firm pointed out that in the short term, capital flows are inclined towards AI application fields, and the valuation of AI hardware is under pressure. However, from the perspective of industry cycles, the value of hardware will ultimately be re-priced, returning to reasonable levels. The firm noted that AI applications and hardware complement each other, and the growth of hardware demand and the implementation of AI applications will create a positive feedback loop.