According to the research report issued by CITIC Securities, the technology sector has experienced substantial corrections since July, resulting in a marked decrease in the valuations of relevant stocks. Nevertheless, the underlying fundamentals in domains such as autonomous control, AI components, chains benefiting from price hikes, and consumer electronics have remained intact. The present valuations of certain sub-sectors do not adequately encapsulate the anticipated future growth in orders, sustained price elevations, and performance outcomes, thereby signaling a substantial potential for a rebound. The turning point for performance enhancement in domestic semiconductor equipment and domestically manufactured computing capabilities has grown more distinct. Propelled by the global demand for AI, the supply-demand dynamics within sectors such as PCBs, memory, and AI power supplies are poised to sustain high levels. Concurrently, the market trends within the AI industry chain are anticipated to progressively permeate into the consumer electronics sector, and CITIC Securities maintains an optimistic stance on these trajectories.