Huawei Reveals Hand at WAIC: Compute Arms Race Enters 'Positioning War,' Valuation Logic Shifts

On July 23rd, Huawei's booth at WAIC 2026 was packed. Standing in front of it, a startup founder doing data center operations pointed at a row of module boxes glowing blue and asked me, "Mr. Shen, is this thing worth investing in?" I smiled but didn't answer. What I was thinking was: when Huawei bundles network cards, SSDs, DPUs, and RAID cards into a complete 'compute module' product matrix, the competitive rules for the entire domestic compute industry chain have quietly shifted.