According to a research report released by CITIC Securities, the PCB sector has witnessed a retracement since late September, leading to a cooling-off in market sentiment. At the same time, the market harbors concerns over the short-term performance of leading firms, the industry's competitive dynamics, and the rollout of new applications. Despite these concerns, CITIC Securities remains steadfast in its belief that the growth trajectory of the AI-driven PCB industry remains intact. The firm adopts an optimistic stance on the market's apprehensions and foresees a host of potential positive drivers that could propel the sector forward in the near future. From a performance and valuation standpoint, leading manufacturers are steadily meeting their performance expectations, leaving ample room for further valuation appreciation. At this juncture, CITIC Securities strongly endorses the PCB sector's ongoing upside momentum.