超900亿元，增量资金将入市

Group 1 - The core viewpoint of the article highlights the active performance of AI-related stocks such as Zhipu and MiniMax on the first trading day of the Year of the Horse, with significant attention on the allocation direction of incremental funds in the A-share market [1] - The total scale of incremental funds entering the market from public funds exceeds 90 billion yuan, with a focus on the technology growth sector [3][4] - The incremental funds primarily come from stock ETFs and newly established active equity funds, with 112 new funds raising over 80 billion yuan since December 2025, and 20 of these funds specifically targeting technology themes with a combined scale exceeding 25 billion yuan [3][4] Group 2 - Multiple public fund managers express optimism about the technology sector, indicating that the development and implementation of domestic AI large models will support sectors such as chips and AI applications [5] - Fund managers suggest focusing on areas such as computing power, consumer electronics, internet, and new consumption for investment opportunities [5] - There is a cautionary note regarding the overall valuation of the AI sector, with some popular stocks reflecting optimistic expectations for the future, potentially leading to increased volatility in the sector [5]