Recently, the technology sector has demonstrated remarkable strength, propelling the net asset values of tech-themed funds to new heights and drawing substantial capital inflows. In reaction to this surge, numerous high-performing funds have implemented 'purchase restrictions' to curb short-term capital from chasing market peaks. Fund managers generally concur that the AI industry is still in the capital expenditure investment phase, with technology behemoths primarily investing in computing power infrastructure, a trend that is currently dominant. They maintain an optimistic outlook on the long-term prospects of the technology sector. Nevertheless, considering the substantial gains accrued recently, the potential for short-term market corrections warrants attention. Sang Xiangyu, the fund manager of Hua'an Huihong Selective Mixed Fund, emphasized that while the performance certainty of AI infrastructure remains robust, valuations have reached historically medium-to-high levels. Thus, it is crucial to closely monitor the alignment between valuation and performance growth rates.