CITIC Securities' research report highlights that, considering the present conducive macroeconomic climate, strong micro-level supply chain data, and the Fear of Missing Out (FOMO) sentiment prevalent among tech behemoths—spurred by AI's strategic significance—it is anticipated that the discourse around AI-related capital expenditures (CAPEX) in the U.S. stock market will continue to dominate in the near term. Nonetheless, the considerable uncertainty surrounding AI technology advancements and macroeconomic forecasts could trigger an abrupt shift in market sentiment at any moment. From a strategic standpoint, it is prudent to maintain a flexible 'wait-and-watch' stance, vigilantly tracking key indicators such as macroeconomic outlooks, tech giants' strategic moves, and progress within the AI sector. In the immediate term, it is crucial to closely observe OpenAI's product development and revenue generation strides, the unveiling of Gemini 3.0, guidance on software and AI revenue models in the U.S. stock market, fourth-quarter earnings announcements from tech giants, and the Federal Reserve's interest rate reduction trajectory.