As the second half of the year unfolds and the initial investment surge in AI computing hardware begins to wane, public funds are recalibrating their strategies within the AI sector. The focus is shifting from the foundational technologies upstream to the application-driven opportunities downstream. The release of China's pioneering AIGC long-form drama, Journey to the West Continued, has acted as a catalyst, prompting public funds to redirect their AI investments away from computing hardware and towards AI applications with proven commercial potential. Fund managers are moving away from speculative narratives, instead employing rigorous metrics such as annual recurring revenue, cash flow analysis, and financial report data to identify promising investment targets. The AI industry is now undergoing a pivotal transformation, transitioning from conceptual enthusiasm to tangible commercial validation.