机构展望：新一轮稳健上涨行情有望延续科技成长风格或“强者恒强”

Group 1 - The A-share market experienced a significant upward trend, particularly on October 24, where the Shanghai Composite Index broke previous highs, reaching a ten-year peak, which boosted investor confidence [1] - Brokerages generally believe that the healthy adjustment phase of the A-share market is nearing its end, with a new round of steady upward trends expected to continue, particularly in the technology growth sector [1][2] - Huatai Securities noted that the current A-share earnings are at a cyclical bottom, with supply-side "anti-involution" and demand-side "expanding domestic demand" efforts underway, which may enhance the predictability of profit improvements [2] Group 2 - The technology sector's positive outlook is strengthening, with the "technology narrative" logic expected to open up upward valuation space for equity assets [2] - Global technology industry demand is on a trend of growth, supported by China's unique advantages such as an engineering talent pool, a large user base, and manufacturing capabilities [3] - The third-quarter reports highlight strong performance in the technology sector and "anti-involution" concepts, with a disclosure rate of 20.8% for all A-shares [3]