During the initial six months of this year, the capital market landscape was marked by a distinct 'K-shaped' divergence. Notably, sectors centered around AI hardware continued their upward trajectory, whereas innovative pharmaceuticals, non-ferrous metals, chemicals, consumer goods, and the Hang Seng Tech index witnessed substantial corrections. This trend was largely attributed to a significant influx of capital into AI-related ventures. Amidst this technological surge, publicly offered funds exhibited a measured approach, refraining from indiscriminately launching a plethora of tech-themed funds. Instead, they strategically positioned themselves early in less-hyped sectors, aiming for a diversified investment portfolio.

Industry experts have observed that as the tech sector progresses into a phase of validation, sectors that have previously experienced significant gains and attracted concentrated capital flows may encounter heightened short-term volatility. Conversely, sectors that have undergone thorough corrections are poised to unveil their inherent valuation advantages, offering a more stable investment landscape.