On June 6th, Guolonghui reported that Bocom International stated in a report that the construction of artificial intelligence (AI) infrastructure may further accelerate this year, and recommended that investors pay attention to opportunities for chips in computing, storage, communication, data center servers, etc. The bank believes that the market performance in the first half of this year is in line with expectations. Looking ahead, the strong demand for artificial intelligence infrastructure may continue in the second half of the year, while semiconductors may continue to differentiate. In terms of allocation strategy, the bank raised its view of storage chips to overweight, mainly considering the obvious upward trend in the storage chip cycle, the increase in chip prices, and the decrease in inventory. Its view on semiconductor manufacturing was raised from standard allocation to overweight, mainly believing that artificial intelligence infrastructure construction may benefit overseas leading companies. The mainland semiconductor manufacturing performance is marginally improving, and there may be a valuation recovery opportunity. The bank raised its view on communication infrastructure from low allocation to standard allocation, mainly believing that the industry may have reached the bottom in terms of valuation and sentiment. The bank continues to focus on bullish opportunities for overseas semiconductor design companies with large exposure to artificial intelligence-related computing and communication, as well as sectors such as artificial intelligence data center servers, PCs, PCBs, and substrates. Due to the logic of domestic substitution, it is bullish on the smart phone and industry chain of A/H shares, as well as the domestic semiconductor equipment leader boards. In view of the opportunities for the landing of artificial intelligence, it is bullish on overseas large software companies and pays attention to the progress of artificial intelligence applications such as Microsoft. The bank rated AMD as "buy" with a target price of $200.