"A technology - sector fund manager has pointed out that, in comparison to computing power, the AI application sector currently boasts a more compelling narrative and greater growth potential. The computing power stratum has laid a robust 'value foundation,' with a well - defined valuation rationale. In contrast, the application layer is flourishing, and in the long run, it is poised to have a more expansive potential than the computing power stratum in terms of reshaping industries and nurturing revolutionary business models. This realization has rapidly been translated into tangible investment actions. In the primary market, venture capital firms are 'placing their bets' on the new generation of AI applications. In the secondary market, fund managers are conducting in - depth and frequent research, scouring the technology sector for potential stocks that can excel in transforming technology into profitable ventures. The industry and capital are now in perfect harmony, working in tandem to drive innovative products like AI - enabled phones and AR glasses to speed up their journey from mere concepts to real - world realities."