Zhong Guo Zheng Quan Bao·2025-09-11 00:34Core Viewpoint - The article discusses the recent adjustments in the technology sector, particularly in AI-related investments, highlighting a shift in focus from computing power to AI applications as market conditions evolve [1][2][7]. Group 1: Market Adjustments - Significant adjustments have been observed in the technology sector, particularly in high market-cap growth stocks, leading to a degree of divergence among funds [2][7]. - The recent market correction is seen as a healthy cooling-off period after several months of rising valuations, allowing for the digestion of valuation bubbles [2][7]. Group 2: Fund Performance and Adjustments - Some actively managed equity funds have begun to increase their focus on AI applications, including areas like smart driving, AI hardware, and humanoid robots [1][8]. - Notable funds, such as Yongying Technology and Dongwu Mobile Internet, have shown concentrated holdings in specific stocks, with significant fluctuations in net asset values (NAV) during recent market movements [3][4]. - Funds that did not heavily invest in technology stocks have experienced increased volatility in their NAVs, indicating a potential shift in investment strategies [5][6]. Group 3: Future Investment Opportunities - Analysts suggest that AI applications are expected to gradually materialize, presenting substantial growth potential and investment opportunities [8]. - Investment strategies are shifting towards AI applications, with a focus on sectors like smart driving and advanced semiconductor processes, as companies' profitability models become clearer [8][7].