A recent research report from CITIC Securities highlights that the so-called AI threat largely remains theoretical, devoid of substantial logical and common-sense backing. Taking into account macroeconomic outlooks and AI advancements, the current state of the U.S. software sector mirrors that observed in the latter half of 2024. It is forecasted that interest rate reductions and tariff adjustments will stabilize macroeconomic expectations, while the incremental emergence of AI revenue will propel the U.S. software sector to replicate the rebound pattern witnessed in the second half of 2024, positioning it as one of the top-performing subsectors in the U.S. stock market for the second half of the year. Structurally, the report underscores the application software segment, where current market projections are markedly underwhelming, and zeroes in on high-growth stocks within the domains of basic software and cybersecurity.