Lin Rongxiong's team, chief strategist at SDIC Securities, stated in their weekly strategy report published on October 11 that a second wave of gains for A-share technology stocks is anticipated within the year, with late October being a critical window. The team believes that if leading US AI companies' Q3 earnings reports and capital expenditure guidance are released concurrently, coupled with the A-share Q3 reporting window and DeepSeek's preparations for a STAR Market listing, it will constitute a crucial validation period for the AI industry's prosperity. If long-term US Treasury yields decline as fiscal expectations cool, the A-share technology sector is expected to clearly begin its second wave of gains. The report emphasizes that the current market is at a critical juncture, transitioning from the "third quadrant to the fourth quadrant." This means that under a combination of ongoing K-shaped economic divergence in China and potential marginal easing of pressure from US Treasury yields, AI technology is poised to be the first to achieve valuation recovery due to its independent prosperity.