On November 7, Mou Yiling, Chief Strategist and Deputy Director of Sinolink Securities, stated that since mid-to-late September, the A-share market has been under pressure, with heightened external uncertainty serving as the primary disruptor. Currently, the valuation of core blue-chip stocks is at a historically low level, and the cost-effectiveness of large-cap growth blue chips is becoming increasingly prominent. Regarding the AI industry, Mou Yiling noted that with the acceleration of domestic substitution, the development of China's AI industry has clear independent and controllable characteristics. In the future, when expectations for the overseas AI industry fluctuate, technology sectors related to domestic substitution are expected to become a safe haven for global growth capital.