科技重估叙事降温，关注回调布局机会

Group 1 - The AI sector experienced a pullback on June 10, with a cooling of the recent tech revaluation narrative, but AI capital expenditures are expected to remain high, supported by policy initiatives [1] - Major cloud providers and tech companies showed a year-on-year capital expenditure growth at historical highs, unaffected by tariffs and macroeconomic factors, indicating a potential independent trend for AI [3] - The commercial prospects for AI agents and embodied intelligence, particularly humanoid robots, are promising, with significant policy support and a thriving ecosystem led by major players like Alibaba and Tencent [8] Group 2 - The "DeepSeek moment" has driven the tech revaluation narrative in China, although it has recently cooled, leading to an expanded valuation gap between Chinese and U.S. tech giants [8] - The semiconductor equipment ETF (159516), chip ETF (512760), and the entrepreneurial AI ETF (159388) are suggested as potential investment vehicles for interested investors [8]