如何观察军工行情持续性？

Group 1 - The market continues to build momentum for a breakthrough, supported by liquidity, with a mid-term positive trend remaining unchanged. Exports maintain resilience, while domestic demand still needs to be boosted, with limited marginal changes in the domestic fundamentals. Overseas monetary policy expectations have slightly improved [4][5][6] - In July, exports continued to show strong resilience, with a year-on-year growth of 7.2%, up from 5.9% in the previous month. Imports also increased to 4.1% year-on-year, compared to 1.1% previously. The strong performance in foreign trade is attributed to the pause in US-China tariff negotiations, allowing companies to seize export opportunities [14][15] - The defense and military industry is expected to maintain strong continuity, with at least a month of upward movement anticipated unless the ChiNext index drops more than 10% within a month, which is considered unlikely. The current market conditions suggest that the military sector has a determined opportunity for continued growth [7][23][24] Group 2 - In the AI market, the media sector's subfields show significant differentiation. The gaming industry has outperformed, with a notable increase of 52.9% from April 7 to August 8, while education and advertising sectors have shown weakness [31][33] - The report indicates that the gaming sector is likely to continue its strong performance, while the film and television sector may see a rebound. Conversely, advertising and education sectors are at risk of further decline [32][33] - The report emphasizes the importance of focusing on high-elasticity growth technology sectors, including AI, robotics, and military industries, as the primary investment direction. Additionally, sectors with strong performance support or exceeding expectations in earnings, such as rare earth permanent magnets and precious metals, are also highlighted [48][49]