Market Overview - On November 11, the Shanghai Composite Index fell by 0.39%, the CSI 300 decreased by 0.91%, the STAR 50 dropped by 1.42%, the CSI 1000 declined by 0.3%, the ChiNext Index fell by 1.4%, while the Hang Seng Index rose by 0.18% [3][4] - The best-performing sectors on November 11 were retail (+1.43%), real estate (+0.81%), steel (+0.62%), basic chemicals (+0.61%), and agriculture (+0.60%). The worst-performing sectors included telecommunications (-2.2%), electronics (-1.74%), computers (-1.41%), coal (-1.34%), and defense (-1.18%) [3][4] - The total trading volume for the A-share market on November 11 was 20,139 billion, with a net inflow of 4.467 billion HKD from southbound funds [3][4] Industry Insights - The mechanical equipment sector, particularly PCB equipment, is experiencing a surge in both volume and price due to AI-driven demand and high-end PCB technology iterations [5] - The industry is expected to benefit from a new capital expenditure cycle driven by AIDC, indicating a potential explosion in investment opportunities [5] - Key investment opportunities include PCB drilling, exposure, plating equipment, and drilling needles, with catalysts being the rapid expansion of global AI data centers and the demand for high-end PCB technology [5]