On the afternoon of July 3rd, the semiconductor equipment industry demonstrated a notable structural divergence. Small-cap stocks, on average, surged by 2.46%, in stark contrast to the declines observed in large and mid-cap stocks. This fluctuation can be seen as a pulse-like rebound following the prior market correction. It is primarily propelled by the lofty expectations for industry growth and the short-term capital rotation at lower market positions, rather than signifying a complete reversal of the prevailing market trend.
