Shenwan Hongyuan: Continue to focus on the AI industry chain and strategic resources for allocation.

Shenwan Hongyuan's research report indicates that in the short term, the inflation direction of AI computing power with continuing momentum is decreasing, and the focus has shifted towards the PCB subdivision field, capacitors, and other directions. In the short-term adjustment band, the high-cut and low market trend has been interpreted to some extent, still leaning towards oversold rebound trends. In the medium term, it continues to be optimistic about the opportunities for the prosperity verification of new energy, new energy vehicles, and export chains, while continuing to focus on the allocation of AI industry chains and strategic resources.