创新高后遭遇短期回调 AI行情或仍可持续

Group 1 - The A-share market has recently experienced a pullback after reaching new highs, but mainstream brokerages remain optimistic about the future, viewing the short-term adjustment as a normal technical correction that could build momentum for future gains [1] - Industrial Securities believes that under the guidance of national strategic directions, combined with timely policies and funding support, the market is currently undergoing a "healthy bull" phase, with the AI sector being one of the strongest driving forces in this market uptrend [1] - Despite a recent short-term pullback in the AI sector, it is expected to continue performing well, as indicators such as rolling returns, trading volume, and congestion levels do not signal overheating, and the AI sector is now rotating with other growth sectors like innovative pharmaceuticals and military industry [1] Group 2 - The fund manager of Huian Fund, Shan Bailin, emphasizes that semiconductor computing power and AI chips are the core engines of the AI era, with global demand for computing power growing exponentially due to the rise of generative AI and large models [2] - The Huian Growth Preferred Mixed Fund, managed by Shan Bailin, has a high exposure to AI and has undergone structural optimization to increase weight in AI infrastructure and leading companies with strong performance, while reducing positions in overvalued stocks with uncertain short-term performance [2] - Looking ahead, institutions believe that the combination of operational capability, policy support, and performance-driven factors will provide strong profit elasticity and valuation expansion potential in the tech growth sector, suggesting that recent pullbacks offer opportunities for investors to enter the market [3]