Svmuu News: A research report by CITIC Securities points out that the following factors will determine the market trend in the third quarter: On the fundamentals front, AI computing power continues to enjoy strong momentum, with interim earnings reports and overseas financial results warranting attention. Meanwhile, given the macroeconomic headwinds since April, the economic stimulus measures announced at the July Politburo meeting are particularly significant; In terms of liquidity, external disruptions have intensified, while domestic conditions remain neutral; regarding risk appetite, geopolitical events and IPOs by industry giants may cause short-term market volatility. Given the global correlation among tech stocks, it is also necessary to continuously monitor major overseas computing power markets such as Japan, South Korea, and the U.S.
Regarding sector allocation, while the growth logic for AI computing power remains intact, volatility has intensified; we recommend exercising caution when chasing high prices and instead building positions during pullbacks. The lithium battery sector is expected to enter its peak season, with energy storage demand continuing to recover, presenting opportunities for a phase-based valuation rebound in the new energy sector. Dividend stocks are expected to rebound from oversold levels, offering attractive value for allocation. Key sectors to watch: banking, coal, utilities, AI, optical modules, storage, semiconductors, industrial metals, and lithium battery materials (VC), among others. (Jin Shi)