长城基金廖瀚博：持续关注AI产业端变化

Core Viewpoint - Recent market short-term divergences have increased, with noticeable acceleration in industry rotation. Although the technology sector has experienced a phase adjustment, the long-term upward industrial logic may remain unchanged. With continuous policy support and gradually warming market sentiment, the valuation center of technology assets is expected to steadily rise [1]. Group 1: Market Trends - The technology sector is entering a peak season for consumer electronics in September, with leading smartphone brands set to release new products, and the Meta Celeste smart glasses are also about to debut, indicating a sustained increase in industry chain enthusiasm [1]. - Despite the difficulty in predicting when the market will cool down, even a temporary pause in overseas computing power may lead to a high-low shift in the market, resulting in a rebound in other sectors [1]. Group 2: Investment Opportunities - AI is recognized as a highly consensus-driven large sector. In addition to overseas computing power, future attention can be directed towards changes in the industrial end, seeking new investment opportunities such as domestic computing power and AI applications [1]. - Other niche stocks in different fields that are currently undervalued or have long-term certainty of being undervalued are also worth monitoring [1].