[Red Envelope] 2.13 Yuanbao Morning Market: Spring signals are embedded, good luck is coming! (Spring Festival fan benefit, must-see)

[Taoguba]

Today is February 13, 2026, Lunar Year of the Snake, the 26th day of the twelfth lunar month, only four days until Chinese New Year’s Eve, and also the final day of the A-share market’s year-end closing.

It’s also your Yuanbao’s 18th birthday. Looking back two years, on February 5, 2024, that was my 16th birthday (according to the lunar calendar). The big A index hit its lowest point at 2635. Two years have passed, from fighting alone to having your company, thank you, grateful, love you all.

I also stand guard for the last shift. I wish everyone to calmly close out the year, with foresight wait for spring to arrive, and quietly anticipate the start of the new spring luck. Everything goes smoothly. The early session begins.

1. Big-picture view

Yesterday, the market’s temperature dropped to 50. Even if it falls further today, there’s no need to panic. The selling pressure before the holiday has mostly been exhausted. The major turning point will be after the holiday. Subjectively, I expect an upward trend!

2. Sector themes

The main direction of computing power remains unchanged. I’ll add some logical context. Yesterday, I mentioned that no matter how impressive your application side is, you still need electricity. One of the core logics of the AI large model era is that I have a forward-looking view: this era not only requires massive computing power but also increasingly needs scarce edge nodes.

Let me put it this way: training large models relies on intelligent computing centers, but deploying applications depends entirely on edge nodes—that is, computing power creates weapons. Edge nodes are the firing guns. Real-time interaction demands extremely low latency, responding within tens of milliseconds. If the intelligent computing center can’t handle it, then nearby edge nodes must handle the traffic. So, the more popular large models become, the scarcer and more valuable the edge nodes are.

Currently, industry logic has shifted from stockpiling cards for price increases to competition over inference latency—who can deploy computing power within 20 kilometers of the data source, who then has pricing power. Is that clear enough?

Right now, what’s obvious in front of you are companies like Wangsu Technology and Capital Online. Both are ToC + general internet, directly benefiting from high computing power, low latency, large-scale inference. Following this logic, you can also look into ToB companies.

3. Individual stock logic, a few less prominent stocks

Yakang Co.: The all-in-one infrastructure provider for Volcano Engine/ByteDance’s computing power, positioned as a full-chain service provider for computing infrastructure. It’s not just leasing computing power but providing full-chain services. Its relationship with Volcano/ByteDance is deeply long-term. It’s in the first echelon. Market estimates suggest ByteDance-related revenue accounts for about 60%. Simply put, the more computing power expands, the more its delivery and operation & maintenance will keep up.

Runjian Co.: Collaborates with ByteDance on edge computing, combined with overseas IDC + O&M + temporary leasing of computing power. Industry forecasts highlight the landing of 5,000 AI Agent nodes this year, with annual new revenue of 500 million to 800 million yuan. This year’s capital expenditure on AI is also benefiting Runjian.

Guanghua Xinwang: The exclusive supplier of Tianjin ByteDance (Volcano Cloud/Doubao) North China core intelligent computing center, and the second-largest IDC/computing service provider for ByteDance globally. Its position is Doubao’s North China core computing node, second only to Ruzhe among ByteDance suppliers.

Nanling Technology: Has 76 edge nodes globally, serving as the most core edge computing + security + low-latency access hub within ByteDance’s ecosystem. It doesn’t rely on IDC hardware but on node density and network scheduling, benefiting from AI edge dividends. Its SASE POP status covers almost all first- and second-tier cities in China, supporting Volcano Engine, Doubao, and the Spring Festival Gala robot’s last mile. Think of it as: if you take the subway to your office and need a yellow bike, but if the bike isn’t there, you’ll be late and can’t clock in. The “magic atom” for the Gala robot is provided by it, offering private networks and O&M.

Let’s review these four. I’m getting tired haha. Another line of thought is about rising computing power prices. The market generally recognizes the price increase trend, with announced ones including:

Wangsu Technology (+35% standard +40% rapid) + UCloud (full cloud service price increase on March 1)

If you speculate on future expectations, the leading leasing company Hongjing Technology, which purely leases computing power and has cloud service pricing power, was sluggish due to performance impacts. Once a price increase is announced, expectations will rise again. Some also mention Zhaochuang Data, which lacks pricing power and relies on volume rather than price.

4. Spring Festival benefits

Follow me for over a month, and you can praise Yuanbao (no shame), or share what you’ve learned from me. Whoever makes my vanity overflow, I’ll give movie tickets during the Spring Festival. A total of 10 fans (limit two tickets each). If you’re selected, send me the city, cinema, movie name, time, and location in comments or on-site. I’ll pay for it—pampering fans!

Some brothers have already received my previous Spring Festival gifts but didn’t post photos or comments. Yuanbao is a bit sad~~~ This time, I want to include some quiet supporters who usually don’t speak much. I’ll pass your feedback along!

New followers, keep paying attention. Yuanbao is the most lively blogger in Taoxian. We’ll take it slow—you won’t be disappointed!

5. Eight-character motto

Brothers who read this 【2.13 Yuanbao Pre-market】, please leave a blessing: 【Spring message prelude, great luck begins】. Or just wish Yuanbao’s 18th birthday happy, hehe. Love you all. Good night, and good morning!

Thanks to the nine market players who cheered in the last post, keeping my posts top quality. Love you all! @javxsp @Motuo @ChenMo6791 @Wushia @lclx @AnZhiTingYin @KafeiYaoBai @MaiFeiWangLaoTou @ChenYaoDi

Reward list: @MaiFeiWangLaoTou @ghx0228 @WanJia @GuguChen @BaiGeWangZhang @DiXiaGaoShou119 @VoldemortW @Kalen007 @JintianHeKafeiLiao @QianyuanLi @Motuo @BuJiuBa @ShenAoAugustus @AdrianSouth @TiantianZhuanShaoShao @DislatitudeLaoYu @Wushia @ShuiTang @YujianZijiLtt @XiaoWoMax @TaoTaoLi @ChenMo6791 @ErXiaoQiNiu @JiayouLaok @KafeiYaoBai @GanJinHaoHaoKanShuJiankunKunKu

Reward has value, friendship is priceless. As we bid farewell to the old year and embark on a new journey, thank you all for your trust and support. This is not just recognition but a witness to our joint ride on the market wave. Wishing your accounts stay prosperous like a fierce horse, with compound interest rolling into your home! Early Happy New Year—I love you all!

Top contributor: @MaiFeiWangLaoTou, welcome to join 【Steel Seven Company Gold Powder Group】!

Like or dislike, brothers like San Duo will take you out!

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