Fangzheng Securities: The AI trend continues to develop, while also considering the layout opportunities on the left side of the HALO assets.

Fangzheng Securities research report indicates that the AI theme continues to evolve while also considering the layout opportunities on the left side of HALO assets. Specifically, one is the technological growth driven by AI, which requires attention to the return of domestic computing power to overseas markets. Core targets should be positioned on dips, and within the sector, high digging and low digging can consider directions such as AI power shortage, new technology, and new materials in the technology sector. Secondly, adjusting relatively sufficient HALO assets, the upward trend of PPI is clear, and the U.S. bond interest rate at 4.6% level lacks upward momentum. In the context of strengthening key resource supply chains and rising energy prices, core resources and broad energy are currently in the stage of layout on the left side, awaiting the June FOMC meeting to correct the market's more aggressive interest rate hike expectations. In addition, in the short term, attention can be paid to the easing of tensions between China and the U.S., expectations of reduced tariffs, and the further activation of market trading, focusing on thematic temporary rallies in stocks, particularly considering directions such as synergies of policy and news in areas like artificial intelligence collaboration, commercial space, and robotics.