[Founder Securities: AI Terminal Explosion Imminent] According to a report by Jinse Finance, Founder Securities released a research report stating that as model miniaturization technology becomes increasingly mature and hardware components such as computing power, storage capacity, and connectivity continue to upgrade, an explosion in AI terminals is imminent. Although domestic manufacturers started relatively late in mainstream terminal-side computing chips such as AI smartphones and AIPC, they show significant potential in areas like terminal-side AIoT computing power, storage technology, and wireless connectivity chips, with the possibility of achieving a leapfrog breakthrough. Notably, under the overarching trend of terminal-side AI, leading companies in various sectors demonstrate excellent cross-sector integration capabilities, such as compute-storage integration and AISOCs with built-in computing power. It is recommended to focus on the three core areas of terminal-side computing SOCs, terminal-side storage, and terminal-side connectivity.