成长，总被时代不断定义

Group 1 - The article highlights a significant market differentiation where emerging growth stocks, particularly in AI and semiconductors, are thriving, while traditional low-valuation dividend stocks are declining [1][2] - This market style change reflects a structural shift in investment preferences, with younger investors favoring innovation and older investors adhering to value [1][2] - The differentiation is not coincidental but closely linked to national industrial policy and technological development cycles, showcasing generational differences in risk appetite and investment philosophy [2][3] Group 2 - Recent market trends illustrate a clear divide between growth and value stocks, with dividend strategies and banking sectors experiencing adjustments, while sectors like optical modules and AI applications perform well [2][3] - The macroeconomic environment and a reassessment of growth paths contribute to this differentiation, with low interest rates diminishing the appeal of traditional value stocks [2][3] - The essence of investment is being re-evaluated, recognizing that value and growth investing are not opposing forces but different perspectives on assessing a company's value [3][4]