但斌超9成产品创新高了！但斌看多A股硬科技，寒王超越茅王这次不一样？

Core Viewpoint - The article highlights the strong performance of the U.S. stock market, particularly in the technology sector, which has significantly benefited investment products managed by Dan Bin, with a high percentage of his funds reaching historical highs in net value [2][4]. Group 1: Performance of Dan Bin's Funds - As of September 19, 2025, 76 out of 80 private equity products managed by Dan Bin achieved historical net value highs, representing approximately 95% of his products [2]. - The average return of Dan Bin's funds this year is close to ***% [2][5]. - Four funds under Dan Bin's management have been established for over ten years and have annualized returns exceeding ***%, qualifying them as "Double Ten Funds" [2]. Group 2: Market Trends and Investment Strategy - Dan Bin's firm, Dongfang Gangwan, has won the title of "Billion Private Equity Champion" for two consecutive years in 2023 and 2024 [4]. - Despite a significant drop in U.S. tech stocks in early 2023, Dan Bin viewed the downturn as an opportunity and increased his positions, leading to a rebound in performance as the market recovered in April [4]. Group 3: Holdings and Sector Focus - As of the end of Q2 2025, Dongfang Gangwan held 13 U.S. stocks with a total market value of approximately $1.126 billion, equivalent to over 800 million RMB [7]. - Major holdings include Nvidia and Google, which saw price increases of approximately 13% and over 39% respectively since July [8]. - In addition to U.S. stocks, Dongfang Gangwan has invested in four domestic ETF funds, with a total market value close to 36.9 million RMB, which also performed well since July [9]. Group 4: A-Share Market Engagement - Dongfang Gangwan has conducted research on eight A-share technology companies since July, many of which have shown strong stock performance [10]. - Notable companies include Ding Tong Technology, which saw a price increase of 56.31% since July [10]. Group 5: AI and Technology Sector Insights - Dan Bin emphasizes the shift in focus within the AI sector from foundational models to application-specific companies, suggesting that investment opportunities will arise in various verticals [11]. - The demand for AI computing power is expected to grow significantly, with projections indicating a market size increase from $600 billion in 2025 to $3-4 trillion by 2030, reflecting a compound annual growth rate of 38%-46% [12]. - The rise of the electronics industry, including semiconductors, is seen as a structural and irreversible trend in the Chinese market, with the total market value of the electronics sector surpassing that of the banking sector for the first time [13].