私募把脉科技股行情，攻守兼备平衡有术

Core Viewpoint - The A-share technology sector is experiencing structural differentiation, with active segments like power grids and robotics, while previously leading areas like computing power are undergoing corrections. This has sparked debates in the private equity circle regarding investment strategies and optimization of portfolios [1] Group 1: Investment Strategies - Many private equity firms are adopting a long-term bullish view on the "core technology stocks" while focusing on short-term high-low switches as a key strategy [1] - Investment opportunities in the AI sector should not be judged solely on the "new vs. old" dimension, as both "old AI" (like optical modules and PCBs) and "new AI" are expected to benefit from global AI development [3] - The current market trend shows funds shifting from previously high-performing areas like computing chips to sectors like electricity and semiconductors, indicating a rotation strategy [4] Group 2: Market Dynamics - The high concentration in the AI sector has become a consensus, but many private equity firms view this as a signal to refine their investment choices rather than exit the market [5] - A simplified verification system for investing in technology stocks emphasizes the importance of real technological application, profitability, and R&D efficiency [5] - The strategy of "watching performance" and "buying in batches" is recommended to manage risks and costs effectively [5] Group 3: Future Outlook - Private equity firms maintain a strong confidence in the long-term trends of core technology industries like AI and semiconductors, with a focus on application deployment and potential industry breakthroughs [7] - The AI computing infrastructure is expected to remain in high demand until 2026, driven by capital expenditures from overseas cloud vendors and accelerated domestic investments [7] - Emerging technologies and applications, such as advancements in open-source models and increased token usage, are anticipated to create new, unpriced demands in the industry [8] Group 4: Sector Focus - There is a growing interest in niche areas like storage chips, AI glasses, and AI edge hardware, which are seen as potential growth sectors [8]