Recently, the concepts of "Energy Singularity" and "Honghuang 70" have been trending online, leaving many people puzzled. Frankly speaking, these are major breakthroughs our country has achieved in the field of nuclear fusion. Among them, "Honghuang 70" is the nickname for a high-temperature superconducting tokamak device. On January 19th, it successfully maintained plasma stability for 335 seconds, nearly tripling the previous record of 120 seconds set 13 days earlier. This progress is incredibly rapid.

So, what is the magic of nuclear fusion technology that makes it so noteworthy?

Just look at the current energy crisis. AI chips, data centers, large-scale computing platforms—none of them are energy hogs. Traditional coal and oil power generate pollution and strain resources. Nuclear fusion is different—its raw materials are in the sea, with deuterium and tritium being inexhaustible and abundant. The power generation process is clean and pollution-free. Industry insiders call it the "ultimate energy." When asked who will be the backbone of future electricity supply, it’s hard not to be optimistic about it.

From a national perspective, signals are even clearer. The "14th Five-Year Plan" lists nuclear fusion as a new driver of economic growth. On January 15th, this year, the Atomic Energy Law officially came into effect, effectively providing an "insurance" for the entire industry. The International Energy Agency’s forecast is even more optimistic—by 2030, the global nuclear fusion market could reach nearly 500 billion USD, and by 2050, the entire industry ecosystem (upstream and downstream supporting industries) could support a trillion-dollar-scale cake.

Since the trend is clear, how can ordinary people participate in this opportunity? The key is to understand the core links of the industry chain and avoid blindly buying everything.

First, superconducting materials are the "brain" of the tokamak device. High-temperature superconducting tapes need to generate strong magnetic fields to firmly confine plasma at over a hundred million degrees. Western Superconducting’s performance in this area is favored by capital, with net financing inflows ranking among the industry’s top, exceeding 300 million USD, and their technological reserves are indeed substantial.

Second, special materials are equally critical. The internal environment of a nuclear fusion device is extremely harsh—high temperature, high pressure, and intense radiation test materials’ durability. Western Materials has accumulated experience in fields like titanium alloys and refractory metals, with financing inflows also exceeding 300 million USD, indicating significant potential.

Next, at the core equipment level. Large magnets, vacuum systems, and power supply equipment have high technical barriers and large market capacity. Dongfang Electric, as a state-owned enterprise with deep experience in energy equipment manufacturing, has seen substantial capital inflows, also exceeding 300 million USD, demonstrating strong strength.

Besides these industry leaders already favored by capital, some niche areas also hide opportunities. For example, plasma control systems—precise control is crucial for stable plasma operation; and tritium production and recycling—directly related to the commercial viability of nuclear fusion.

However, to be honest, although nuclear fusion has an attractive outlook, it is still in the research and validation stage, and there is some distance before true commercial power generation. Risks definitely exist. Blindly chasing hot topics or buying at high prices is the easiest way to get trapped. Overhyped stocks with lofty valuations can turn into a situation where future growth is overextended, eventually leading to a slow decline in stock prices. Investors must thoroughly understand the logic before investing, rather than following the crowd.