CITIC Securities: Continuing to be optimistic about the follow-up performance of AI computing power as a core theme in the current bull market in the medium to long term.

CITIC Securities believes that the market will experience a strong rebound in the short term, but after the rebound is completed, A-shares may enter a period of volatility. They continue to have confidence in AI computing power as the core theme of the current bull market in the medium to long term. Domestic policy dividends such as the Lujiazui Financial Forum are expected to continue to drive the rise of the double creation sector. It is predicted that the ChiNext Board and the Science and Technology Innovation Board will continue to remain strong. However, high valuations and trading structures may become the main reasons for the phase transition of the technology main theme in the future. Key areas of focus include: AI computing power, industrial metals, petrochemicals, machinery, and new energy, while buying on dips in the banking, non-banking, utilities, and coal sectors.