中信证券：继续看好电子板块基本面改善逻辑

Core Viewpoint - CITIC Securities research report indicates that after the high volatility in early October, the electronic industry is refocusing on fundamentals, maintaining a positive outlook on the electronic sector with a logic of "short-term recovery + long-term AI deployment + continuous domestic substitution" [1] Group 1: Investment Recommendations - From a stability perspective, the company suggests continuing to focus on AI innovation (both edge computing and cloud-based NVIDIA supply chain) [1] - The company also recommends paying attention to domestic demand and recovery in areas such as Android consumer electronics, security, and general components [1] Group 2: Market Trends - The trend of domestic self-sufficiency in semiconductors remains clear, with a recommendation to focus on development opportunities arising from mergers and acquisitions [1] - However, the company cautions about potential geopolitical changes and policy fluctuations in the fourth quarter that may disrupt market sentiment and valuations [1]