策略点评：科技第二轮反弹蓄势待发

Core Insights - The report indicates that the second round of rebound in the technology sector, particularly in the AI and robotics industries, is expected to gradually commence [1][3][7] Market Environment - Recent substantial progress in US-China tariff negotiations has been noted, with the US canceling 91% of additional tariffs and China reciprocating with a similar reduction, which is expected to reduce market uncertainty and enhance risk appetite [4] - The domestic monetary policy has also shifted towards a more accommodative stance, with a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point cut in policy interest rates, signaling a supportive environment for growth [4] Performance Metrics - From May 1 to May 13, the AI index and robotics index rebounded by 2.78% and 5.64% respectively, indicating a positive trend in these sectors [3] - The AI industry reported a remarkable revenue growth of 40.30% in Q1 2025, significantly outperforming the overall market, which saw a decline of 0.41% [5] Sector Analysis - The AI industry chain is showing strong performance across various segments, particularly in computing infrastructure, AI edge devices, and related technologies such as copper connections, optical communications, and storage solutions [5] - The robotics sector is also recovering from a short-term adjustment, with signs of improved performance as tariff reductions enhance China's competitive advantage in the global robotics supply chain [6][7]