Zhong Guo Zheng Quan Bao·2025-09-11 00:31Group 1 - The technology sector has experienced significant volatility recently, leading to a divergence in the performance of actively managed equity funds heavily invested in this sector [1] - Funds focused on computing power and related technology have seen a notable reduction in net value fluctuations, while those not heavily invested in technology have experienced increased volatility [1][4] - Fund managers are adjusting their portfolios, with a growing focus on AI applications, including smart driving, AI hardware, humanoid robots, and internet companies embracing AI [1][7] Group 2 - On September 4, the AI hardware sector, represented by companies like New Yisheng and Zhongji Xuchuang, saw significant declines, with some stocks dropping over 13% [2] - The Yongying Technology Select fund, which had a high concentration in these stocks, saw its top ten holdings average a decline of over 11% [2] - Despite the downturn, the fund's A share unit net value did not drop more than 6%, indicating a potential strategic adjustment by the fund manager [2][3] Group 3 - Other funds, such as the Nordex New Trend fund, which did not heavily invest in technology stocks, experienced amplified net value fluctuations during the market correction [4] - The fund's A share unit net value saw a significant drop of over 11% despite only a 6% estimated decline, highlighting discrepancies in performance [4][5] - The Qianhai Kaiyuan Cycle Select fund also exhibited similar patterns, with a net value drop exceeding 10% against a lower estimated decline [5] Group 4 - The current market environment is characterized by a high level of interest in AI applications, with expectations for growth in this sector [6][7] - Fund managers are increasingly focusing on AI applications as a key investment opportunity, with a particular interest in sectors like smart driving and advanced semiconductor processes [7] - The AI industry is seen as being at a high emotional trading point, with both domestic and overseas developments being crucial for future growth [7]