CSCIB has pointed out that, despite the computing power sector's notable ascent over the past two weeks, market volatility has surged. Heightened regulatory scrutiny, profit-taking actions by funds, and shifts in the AI industrial chains in the United States and South Korea have sparked concerns about a potential trend reversal. This has led funds to pivot towards sectors that are currently undervalued. CSCIB holds the view that the escalated volatility within the computing power sector stems mainly from the sector's substantial fundamental strengths, compounded by an excessively concentrated trading environment. When considering the sector from a holistic standpoint—encompassing fundamentals, valuations, and trading dynamics—it does not yet fulfill the prerequisites for a significant mid-term transformation. This situation is primarily propelled by short-term rebalancing imperatives. The inflection point of the ensuing market will hinge on alterations in valuation benchmarks and indications of fundamental convergence. These could manifest as a deceleration in the growth trajectory of computing power fundamentals or notable enhancements in the fundamentals of alternative industries. In the near term, the market may experience a substantial opening decline but is expected to swiftly stabilize, exhibiting a rotational trend where 'technology stocks recede, and defensive sectors ascend.' Over the medium term, once overseas tech stocks achieve stability, rotational prospects within the computing power sector can persistently be explored. Concurrently, it is crucial to keep a vigilant eye on other auspicious signals, such as those emerging from the coal and industrial metals sectors.