Group 1 - The report emphasizes that global liquidity is continuously improving, which is expected to enhance equity asset returns, particularly in the context of AI-related software and edge applications [1][7][11] - The report suggests that the growth space for small-cap and growth sectors is likely to expand due to synchronized global monetary policy easing [7][11] - The report highlights the significant advancements in AI models, particularly with the release of Gemini 3.0 and GPT-5.2, which are expected to drive substantial commercial opportunities in AI applications [21][28][39] Group 2 - The report identifies key companies to watch, including Blue Sky Technology and Spring Wind Power, which are expected to benefit from AI-related growth [8][65] - It also mentions companies like Jieshun Technology and Kaige Precision Machinery, which are positioned to capitalize on AI-driven product releases and innovations [7][65] - The report notes that the valuation of small-cap stocks remains low, with PE ratios for the National Index 2000 and the Growth Enterprise Market Index at 57.1x and 41.21x respectively, indicating potential for further valuation recovery [65]