投资大家谈 | 景顺长城科技军团10月观点

Core Viewpoints - The article emphasizes the long-term optimism towards sectors such as semiconductors, innovative technology products, and innovative pharmaceuticals, while highlighting the structural opportunities arising from the "anti-involution" trend in the new energy sector [2][5]. Group 1: Semiconductor and AI Sector - The semiconductor and innovative technology sectors are expected to continue their growth trajectory, with a focus on structural opportunities amidst the "anti-involution" movement [2]. - The AI sector has seen significant breakthroughs, with expectations of increased market volatility following substantial short-term gains [3]. - Major companies like Oracle and Nvidia are making significant advancements in AI, indicating a robust growth outlook for the industry [4]. Group 2: Healthcare and Pharmaceuticals - The healthcare sector, particularly innovative pharmaceuticals, is anticipated to benefit from demographic trends such as aging populations and the internationalization of innovative drugs [5][10]. - There is a shift towards active stock selection in the pharmaceutical sector, with a focus on high-certainty stocks as the market enters a phase of differentiation [10][11]. Group 3: New Energy Sector - The new energy sector is facing challenges such as overcapacity, but there is growing confidence in investment opportunities, particularly in leading companies with cost advantages and innovative technologies [12]. - The government’s efforts to guide the industry towards "anti-involution" are seen as a catalyst for accelerating the clearing of inefficient capacities [12]. Group 4: Market Outlook and Investment Strategy - The overall market is expected to experience structural opportunities, with a focus on sectors like storage, resources, gaming, media, consumer electronics, and domestic computing power [6][8]. - The investment strategy includes a focus on high-quality companies with strong growth potential and reasonable valuations across various sectors, including electronics and automotive components [13].