Zheshang Securities research report pointed out that it is recommended to pay attention to five investment opportunities in the communications industry: 1) Telecom operators: overall business of operators is stable and growing, innovative business has higher growth rate and proportion increase, new energy continues to grow, while capital expenditures as a percentage of revenue have decreased, which is conducive to profit release. 2) AI computing power: in the era of AIGC, computing power infrastructure continues to upgrade, application side landing perfects industrial logic, and the overall industry chain remains highly prosperous. 3) Optical modules: optical modules is a scarce subdivision in the global computing power supply chain system, 800G optical modules continue to increase production, and the next generation 1.6T products are expected to be gradually produced in the second half of the year, amidst the background of rapid AI development overseas. 4) IDCs and computing power centers: with the landing of AI applications in China, the number of visits to Kimi, Doubao and other websites continues to increase. On one hand, the demand for training-side computing power is driven by product iteration, while on the other hand, the increase in website visits drives the demand for inference-side computing power, and drives the demand for computing power centers. 5) Communication equipment vendors: benefiting from digital economy and AI computing power development in China, demand for communication equipment vendors is increasing, and performance is expected to steadily grow. Individual stocks to pay attention to include China Mobile, Zhongji Innolight, and Unisplendour Corporation (ZGC).