每经AI快讯，开源证券研报称，市场突破"924"行情高点后，我们对于指数的长期突破仍维持乐观判断: (1)市场结构呈现【双轮驱动】，一是全球科技共舞下的成长品类提供强劲的弹性，二是"反内卷"牵头 下周期与顺周期交易PPI修复的扩散行情；(2)不应该在积极的市场中做"惊弓之鸟"，应"坚守自我，科技 为先"；(3)近期，在中枢抬升的过程中，A股市场呈现显著的"增量市"特征，成交额放大与资金活跃度 提升成为核心标志。(4)风格上，看好成长板块，在市场风险偏好高位，成长更易跑出超额。(5)热门赛 道中，更看好液冷，液冷是下一个光模块&PCB，具备"增长强劲、叙事完备、赔率占优"三大特征，液 冷基本面斜率变化或更陡峭，对比光模块、PCB，当前所处时期较早。 ...

Group 1 - The report emphasizes a positive market outlook with a "dual-driven" strategy, highlighting the importance of technology and the recovery of PPI as key growth drivers [1][10][11] - The A-share market is characterized by significant "incremental market" features, with increased trading volume and active capital flow, indicating a robust market environment [1][14][16] - The report identifies liquid cooling as a promising sector, expected to exhibit strong growth and favorable risk-reward characteristics, positioning it as the next significant opportunity after optical modules and PCBs [1][10][12] Group 2 - The report analyzes the current enthusiasm in popular sectors, noting that financial technology and ground weaponry are relatively crowded, while AI computing chains remain less crowded [2][18][19] - From a valuation perspective, sectors such as AI applications, robotics, aerospace equipment, PCBs, and photolithography machines are identified as having relatively high valuations, while insurance, smart driving, non-ferrous metals, liquor, and photovoltaics are seen as undervalued [2][23][25][26] Group 3 - The report outlines the current industry outlook, indicating that electronics and basic chemicals are entering a favorable phase, while sectors like comprehensive and steel are exiting [3][30][31] - Specific secondary industries expected to perform well include apparel and home textiles, consumer electronics, chemical products, and non-liquor sectors [3][30][31] Group 4 - The report provides configuration recommendations focusing on technology, military, anti-involution, PPI recovery, and stable dividends, suggesting a diversified approach to investment [4][32][33] - Key sectors for investment include liquid cooling, robotics, gaming, AI applications, and military technologies, alongside cyclical sectors benefiting from PPI improvements [4][33]