Based on the logic of the economic situation and industry trends, public offering funds are exploring opportunities for the expansion of advantageous styles.

Since the Fed's interest rate cut in September, the A-share market's technology growth style has continued to strengthen. As of September 26th, several semiconductor equipment-related thematic ETFs have performed well. Industry analysts believe that new developments in the artificial intelligence industry are emerging constantly, and the structural market driven by the growth style is not yet over. However, with the upcoming "pre-holiday effect" of the National Day holiday, if there are not many positive catalysts, the market may be mainly volatile in the near future. As valuations in the technology sector reach high levels, there is also rotation within the sector accelerating. Industry analysts suggest that the extreme structural differentiation and overly concentrated consensus in the market need to be digested and consolidated. In the current market driven by incremental funds and the prosperity of certain industries, rotation is not simply based on valuation and seeking "high cutting low" odds. The main factor determining the sector's success rate is the certainty of prosperity, not just the position level. Therefore, it is important to focus on the logic of prosperity and industry trends, and explore the "diffusion" of advantageous styles and main opportunities.