Group 1 - The main focus in October is the Fourth Plenary Session, which is expected to boost market risk appetite and generate numerous thematic investment opportunities, leading to a stable or upward-trending market [3][4] - The Fourth Plenary Session's "15th Five-Year Plan" recommendations are anticipated to enhance market risk appetite, with a focus on traditional manufacturing upgrades and strategic deployment of emerging and future industries [4][14] - Micro liquidity remains abundant, supporting the market, while macro liquidity continues to be loose, with no significant risks emerging from domestic economic conditions or US-China negotiations [5][18] Group 2 - The industry configuration emphasizes the establishment of a new growth cycle, with a focus on AI computing infrastructure, which is deemed irreplaceable, alongside attention to AI applications and military industries [3][6] - Key sectors with hard support for performance include power equipment (wind power/storage/batteries/power supply), non-ferrous metals (rare earth permanent magnets/precious metals), and machinery (engineering machinery) [6][8] - The first main line of investment is the new growth cycle in industries, particularly in AI computing infrastructure, with significant advantages in application expansion, focusing on areas such as TMT, computing power, and military [8][39] Group 3 - The second main line of investment focuses on sectors with strong performance support, including power equipment benefiting from high demand in wind power exports and overseas storage, as well as breakthroughs in solid-state batteries [8][38] - The report highlights that the growth in the AI computing infrastructure sector is expected to continue, with significant demand for related products such as PCBs and CPOs, driven by the rapid expansion of AI and data transmission needs [39][40] - The report anticipates that the global optical module market will see a year-on-year growth rate of 32% in 2025, indicating strong demand in the sector [40][41]