中信证券：关注传媒行业AI及IP方向机会

Group 1 - The core viewpoint is that the media sector is supported by a friendly policy environment, new technological changes, and new consumption trends, which drive valuation increases [1] - The positive performance expectations are crucial for sustaining high valuations and maintaining elevated valuation levels [1] - The current situation indicates that all three factors—supportive policies, technological advancements, and consumption trends—are present [1] Group 2 - The focus on new technological changes highlights the development of the AI industry [1] - The emphasis on new consumption trends points to the commercialization of intellectual property (IP) [1]