Group 1 - The core viewpoint is that the technology sector is expected to outperform in the medium to long term, supported by strong market logic [2] - The profitability growth rate of the TMT (Technology, Media, Telecommunications) sector is currently leading compared to the overall A-share market, resembling historical patterns before previous technology market rallies in 2013, 2015, and 2020-2021 [2] - The expansion of capital expenditure cycles by global technology giants continues to provide momentum, positively impacting domestic related industries [2] - The global semiconductor industry has entered a new upward cycle since the end of 2023, which is still in its early stages, contributing to sustained expectations for the overall prosperity of the technology sector [2] - The Science and Technology Innovation Index ETF (国泰, 589630) tracks the Science and Technology Innovation Index (000680), which includes high-tech and strategic emerging industries, reflecting the overall performance of listed companies in the Science and Technology Innovation Board [2]