On May 13, Huatai Securities highlighted in its research report that the advancement of AI technology is spurring a surge in demand across sectors such as optical modules, PCBs (Printed Circuit Boards), 3C (Computer, Communication, and Consumer Electronics), and semiconductor equipment. Concurrently, the price hikes of upstream components like chips have triggered a temporary supply crunch in industries such as machine tools and industrial control. This has subsequently led to a dual increase in both the volume and pricing of products. This cyclical pattern mirrors the pro-cyclical phase observed from 2020 to 2023, during which heightened demand for new energy sources, compounded by supply chain disruptions, facilitated the substitution of imported goods with domestically produced alternatives. Huatai Securities maintains a highly optimistic outlook on the sustained growth in prosperity for pro-cyclical sectors, notably machine tools and industrial control.