The research report released by CITIC Construction Investment Securities reveals that the global technology sector's deleveraging process has largely wrapped up by the end of July. Overseas technology markets have taken the lead in recovery, as market pricing dynamics have shifted to focus more on fundamental factors. In contrast, the A-share technology sector's rebound has been comparatively sluggish. This lag is primarily attributed to earlier instances of overheated trading and significant pressure from margin financing, rather than any fundamental downturn in industry trends. The sector's medium-term prospects hinge on the actualization of performance outcomes.

At present, demand within the computing power industry chain continues to exhibit resilience, signaling that the recovery of the A-share technology sector is still underway. In terms of asset allocation, the report suggests prioritizing core assets with robust fundamentals. Simultaneously, it advocates for vigilance towards emerging opportunities in sectors such as innovative pharmaceuticals and industrial metals. Specific areas of interest include optical communications, servers, innovative pharmaceuticals, non-ferrous metals, machinery, and new energy, all of which warrant focused attention.