Core Viewpoint - The AI sector is experiencing a collective pullback, particularly in the entrepreneurial board, with significant declines in AI application stocks, while the computing power segment shows localized activity and resilience [1][3]. Group 1: Market Performance - The entrepreneurial board's AI sector saw a drop of over 3% in early trading, with notable declines in AI application stocks such as Yidian Tianxia and Lihua Lu, which faced trading suspensions and limit-downs [1]. - The entrepreneurial board AI ETF (159363) experienced a price drop of 3.20%, with a trading volume exceeding 5 billion CNY and a net subscription of 140 million shares, indicating continued capital inflow despite the downturn [1][2]. Group 2: Sector Dynamics - The AI industry is witnessing rapid developments, with significant financing activities in overseas AI companies and the introduction of domestic policies promoting "AI + manufacturing," which are expected to catalyze new application trends [3]. - The IDC (data center) sector is showing signs of a potential revaluation, driven by increased capital expenditures from major domestic firms and improvements in chip supply, suggesting a favorable investment window for the IDC sector [3]. - The optical module sector is anticipated to experience a performance boost due to accelerated production capacity, with expectations of a concentrated release of capacity in Q1 2026, which could drive earnings growth [3]. Group 3: Investment Opportunities - The entrepreneurial board AI ETF is positioned to benefit directly from the commercialization of AI technologies, with approximately 60% of its portfolio allocated to computing power (optical modules + IDC) and 40% to AI applications, highlighting its dual focus on both sectors [3].