Group 1 - The core viewpoint is that the market has entered a medium-wave oscillation environment, with a consistent judgment that the overall market remains upward but with increased volatility [1] - Investment strategy suggests a long-term perspective, aiming to capture the technology sector as the main line [1][2] - Short-term fluctuations are primarily driven by divergences in bullish sentiment, with AI-related sectors still having catalytic factors, but a need for consolidation due to significant floating profits [1] Group 2 - The current trading volume remains strong, and despite potential external shocks from events like the Federal Reserve's interest rate decisions or Sino-U.S. trade negotiations, if bullish sentiment persists, the index is likely to remain in an upward channel [1] - Under neutral expectations, if there are no unexpected changes in the macro and policy environment, the Shanghai Composite Index is expected to maintain a narrow range of oscillation until late October [2] - Key sectors for investment include PCB and optical modules in overseas computing power, GPU and ASIC in domestic computing power, and innovative drugs and medical devices in the pharmaceutical sector [2]