In the latter half of the year, tech sub-sectors that were previously thriving underwent a steep downturn, with market sentiment taking a swift nosedive. Several funds with substantial investments in tech stocks witnessed declines surpassing 40%. Nevertheless, a cadre of fund managers who excelled in the first half of the year took proactive steps in the second quarter to revise their strategies. They did this by decreasing their equity stakes, broadening their sector diversification, trimming their holdings of overvalued tech stocks, and pivoting towards traditional value sectors. These preemptive measures to curb risks substantially minimized the funds' net value declines, allowing them to significantly outpace the industry average. As the tech sector's volatility escalates, public funds are split on the sector's future course, with discussions centering on whether tech valuations have strayed from fundamental standards or are on the verge of entering a supercycle propelled by industrial supply-demand forces.