Public offering institutions conducted more than 1200 research visits within the month, with AI-related stocks becoming the focus.

Since March, the A-share market has shown a trend of structural adjustment. During this period, public fund institutions actively conducted research to explore investment directions and adjust strategies. According to the latest statistics from the Public Fund Research Network, a total of 144 public fund institutions participated in research on A-share listed companies in the month, involving 127 individual stocks in 27 Shenwan first-level industries, with a total of 1,206 research visits. In terms of research interest, a total of 43 listed companies were researched by public fund institutions more than 10 times in the month, with particular attention on companies related to the AI industry chain. Zhu Wenyu, fund manager of Great Wall Fund, told reporters that they will continue to look for specific directions with marginal changes on the logic of AI. In terms of the certainty of performance realization, computational power hardware remains the investment focus, with a focus on the technological evolution of components such as light modules and PCB, the evolution of supply and demand patterns in data center power, and potential catalytic events in the fields of intelligent robotics and commercial space.