天天基金网·2025-08-08 12:28Group 1 - The Shanghai Composite Index is expected to break through the previous high of 3674 in the third quarter, with current fluctuations nurturing new momentum [2][3] - External disturbances have limited impact on A-shares, and any short-term sharp declines may provide opportunities for rate-sensitive investments [3] - The semiconductor industry is in an upward cycle, with AI being the primary growth driver, supported by strong cloud AI demand and accelerating terminal AI applications [4] Group 2 - The current A-share market is driven by capital, with a clear policy bottom, and leveraged funds are boosting trading volume [5] - The transition between old and new growth drivers remains the main theme, with some industries showing signs of profit improvement [5] - The disturbances in August are not the end but rather a buildup for the policy window in September, with expectations of emotional stabilization and recovery [7]