[Huafu Computer] US Stock Nebius Violent Rebound of 30%! Focus on Domestic Computing Power Leasing

English summary

· B-card leasing and token revenue-sharing models are currently the two most watched points in computing power leasing. # At present, both large model vendors and cloud factories have very strong spending, # and the demand for B-cards is urgent. In terms of business model, under severe supply-demand mismatch, there is a gradual transition from closed-end fixed-price leasing models to exploring token revenue-sharing. It is recommended to focus on the 5 main lines represented by large models and cloud factories: Hangzhou D model: Litong Electronics; Beijing K model: Xingyun Technology; Beijing Z model: Hongjing Technology; Beijing Z cloud: Xiangjiang Holdings; Hangzhou A cloud: Xiechuang Data & Hongjing Technology; New players: Jingong PV, Jingji Zhinong, etc. Contacts: Yuan Jialiang/Qian Jinyu