Group 1 - The core viewpoint of the articles highlights the increasing interest and investment in hard technology sectors, such as integrated circuits, electronic components, application software, and biotechnology, by various institutional investors [1][2][4] - As of August 23, 2023, there has been a surge in institutional research activities, with 21 companies in the integrated circuit sector receiving attention from institutions, including a notable event where 135 institutions participated in a performance briefing for Naxin Microelectronics [2][3] - The nature of inquiries from institutions has become more technical and focused, with questions directed at companies regarding their technological routes, commercialization scenarios, and pipeline progress, indicating a shift towards a more rigorous investment approach [1][3][6] Group 2 - The investment preferences of public funds have shifted towards hard technology, with sectors like innovative pharmaceuticals, hard technology, and new consumption becoming primary targets for investment [4][5] - The professional expertise of institutional investors has significantly increased, leading to greater pressure on companies' investor relations departments to provide detailed and technical responses [3][6] - Recruitment trends in the investment sector are reflecting this shift, with a focus on hiring candidates with engineering and financial backgrounds to enhance the research capabilities in hard technology investments [6][7] Group 3 - The A-share market has shown strong performance in the TMT (Technology, Media, and Telecommunications) sector, driven by factors such as the expansion of AI computing power and the anticipated launches of new consumer electronics [7][8] - Institutions maintain an optimistic outlook on the future opportunities within the hard technology sector, particularly in semiconductors and domestic supply chain innovations [8]

Group 1 - The "hard technology" sector has become a focal point in the A-share market, with institutions actively engaging in research and discussions related to this theme [1][2] - As of August 23, 2023, there has been a surge in institutional research on listed companies in the hard technology fields, including integrated circuits, electronic components, application software, and biotechnology [2][3] - Notably, 21 companies in the integrated circuit industry were investigated by institutions in August, with significant participation from 135 institutions in the earnings briefing of Naxin Micro on August 19 [2][3] Group 2 - The investment landscape is shifting, with public funds increasingly focusing on hard technology, innovation drugs, and new consumption as primary investment directions [3][4] - The research and investment teams in the hard technology sector have become the "stars" of public fund companies, reflecting a change in the focus of discussions from product attributes to technical routes and application scenarios [4][5] - There is a growing trend among private equity and foreign institutions to enhance their technology research teams, which are now seen as key contributors to global investment strategies [5][6]

Group 1 - The core focus of the A-share market is on "hard technology," with significant interest from institutions in this sector [1][2] - As of August 23, 2023, there has been a surge in institutional research on listed companies in the "hard technology" fields, including integrated circuits, electronic components, application software, and biotechnology [2][3] - Notably, 21 companies in the integrated circuit sector were investigated by institutions in August, with significant participation in earnings briefings, such as 135 institutions attending Naxin Micro's meeting [2][3] Group 2 - The investment landscape is shifting, with public funds increasingly focusing on "hard technology," innovation drugs, and new consumption as primary investment directions [3][4] - The research and investment teams in the "hard technology" sector have become the "stars" of public funds, reflecting a change in the language used in meetings from product-related terms to technical discussions [5][6] - There is a growing trend for hiring professionals with a dual background in engineering and finance within fund companies, indicating a shift towards more technical research in investment strategies [5][7]