Global technology stocks synchronized pullback AI main line position unchanged, but re-balancing demand rising

Last week, the global market technology industry chain fluctuated synchronously, and the downward valuation of overseas-related tracks put pressure on A-shares, presenting a pattern of "rising and falling, extreme differentiation." Taking into account this week's brokerage research reports, the repeated expectations of Fed rate hikes, the increasing crowdedness of the technology sector trading, and the disruption of AI industry news have collectively suppressed the risk appetite of the technology sector. In the medium term, there has not yet been a substantial turning point in the upward trend of the AI industry, with continued realization of prosperity in various sub-sectors, and the basis for the continuation of the market remains.