China Galaxy Securities released a research report stating that investment strategies for the second half of the year should continue to center around AI, focusing on the AI 'inflation' segment and AI hardware including related chips and wearable devices. From the beginning of the year through June 1, the SW Electronics Index declined by 1.02%. In Q1 2026, the SW Electronics sector reported total revenue of RMB 1,111.356 billion, up 33.22% year-over-year, and attributable net profit of RMB 63 billion, up 76.9% year-over-year. Global large-model Token usage grew from approximately 0.25 trillion per day in September 2024 to around 20 trillion per day as of April 13, 2026 (20.6T). Major North American CSPs raised 2026 capital expenditure guidance, with Microsoft setting its full-year guidance at USD 190 billion and Amazon at USD 200 billion. In 2026, the combined capital expenditures of the world’s top five CSPs are expected to reach USD 760 billion, an increase of 102.56% year-over-year. Numerous new products from Apple's supply chain are about to emerge; attention is recommended for foldable smartphones, AI glasses, and AI PCs.