CITIC Securities: Focus on AI, optical modules, power grid equipment, humanoid robots, etc.

CITIC Securities research report believes that since May, technology stocks have accelerated their rise due to the capital expenditure and performance of global tech giants exceeding expectations, and the industry trend has gained market consensus. However, there has been a recent pullback due to three factors. Overall, the midterm outlook for technology remains unchanged, and the key point is the validation of interim performance. The focus will be on the dual main themes of "computing power + recovery," with a focus on AI, optical modules, PCB, storage chips, coal, coal chemicals, industrial metals, power grid equipment, humanoid robots, etc.