Market Overview - The A-share market showed strong upward momentum, with the technology sector being the main focus, as the ChiNext Index surged above 3000 points and the Sci-Tech 50 Index rose over 5% [2][10] - Key sectors such as CPO, optical communication modules, PCB, and liquid cooling servers experienced significant rebounds, while the semiconductor chip sector also saw gains [2][10] Future Market Outlook - The market is expected to present a volatile bull market pattern, driven by four main factors: the resurgence of technology stocks as the leading direction, rising expectations for a Federal Reserve interest rate cut, a strengthening brokerage sector, and a moderate recovery in trading volume [3][10] - The Producer Price Index (PPI) in the U.S. fell by 0.1% in August, indicating easing inflationary pressures and boosting market expectations for a more relaxed monetary policy from the Federal Reserve [3][10] Sector Analysis - The optical communication module sector is anticipated to remain in a high prosperity cycle in the second half of 2025, driven by AI computing power, data center upgrades, and technological innovations [7] - The liquid cooling server sector is gaining attention due to the increasing demand for cooling solutions in data centers as computing density rises [7] - The semiconductor sector is projected to grow over 15% globally by 2025, supported by national policy backing and increasing demand for AI and high-performance computing [8] - The brokerage sector is expected to benefit from policy-driven capital market reforms and a favorable liquidity environment, with a focus on mergers and acquisitions among leading firms [9] Investment Strategy - The report suggests different strategies for investment: holding quality companies with good fundamentals and clear industry prospects, reducing exposure to sectors with excessive prior gains and high valuations, and maintaining flexible capital to respond to market changes [11][12]