国金资管：A股有望维持强势格局，风格或迎阶段性转换

Core Viewpoint - The A-share market is currently experiencing a coexistence of new index highs and structural differentiation, indicating a complex market environment [1] Market Outlook - The low interest rate environment is expected to continue enhancing the attractiveness of equity assets for investors [1] - Economic fundamentals are showing positive signals of steady recovery, which will provide strong support for the market [1] - The overall A-share market is likely to maintain a strong trend in the fourth quarter, although sector styles may further differentiate and experience phase transitions [1] Sector Opportunities - The technology sector's growth momentum is highlighted as a key area of focus [1] - There is an optimistic outlook for overseas AI capital expenditure growth in the next two months, alongside ongoing advancements in the domestic AI industry [1] - The explosive growth in global AI large model training demand is driving sustained orders for hardware suppliers such as high-speed optical modules and storage chips, making the profit realization pace of related companies a core focus [1] - Under the "Consumption Boost Special Action" policy, sectors like home appliances, social services, and automobiles are expected to release recovery elasticity driven by policy implementation and terminal demand recovery [1]