长城刘疆：新兴科技将持续保持引擎地位

Core Viewpoint - The A-share market is currently experiencing cautious sentiment as year-end approaches, with some funds seeking to realize profits and trading volume continuing to shrink. However, this state is viewed as a necessary adjustment in a positive market, and the outlook remains optimistic, particularly for the technology and emerging growth sectors [1][3]. Investment Directions - Focus on infrastructure centered around computing power, which is currently experiencing accelerated growth. Specific investment opportunities include computing chips, optical communication, PCB, liquid cooling technology, storage devices, and satellite computing [4]. - AI-driven collaboration between edge and cloud computing is expected to yield "explosive products" as AI infrastructure improves and technology capabilities evolve. This will create new ecosystems and industrial chains, presenting significant investment opportunities [4]. - The field of embodied intelligence, including humanoid robots, unmanned vehicles, and drones, is anticipated to benefit significantly from advancements in AI technology, leading to explosive industry growth and high investment value [4]. - Strategic emerging industries and future industries highlighted in the "14th Five-Year Plan" are also recommended areas for investment focus [4].