Hornet's Nest Fund, Wu Qiong: Focus on the main line of AI technology and explore more cost-effective directions.

Recently, the A-share market has set off a wave of artificial intelligence investments. However, the leading companies have seen rapid short-term gains, and the overall valuation of AI hardware represented by modules and optical communications has increased rapidly, leading to some disagreement in the market regarding the sustainability of the AI market in the future. Wu Qiong, the fund manager of Honeycomb Advanced Manufacturing, stated that in the AI technology sector, some leading companies in terms of computing power have performed well, leading to continuously rising market expectations. However, due to the significant gains in the previous period, the future upside potential may be compressed. There may be opportunities to further explore the "high cut low" strategy in the AI technology sector, with potentially greater future upside in areas such as PCB equipment and liquid cooling.