The A-share technology recovery trend continues; institutions suggest that structural rotation may become the main theme.

Since August, the A-share technology sector has seen a rotation and recovery, with various sub-sectors such as humanoid robots, brain-computer interfaces, CPO, and optical fiber cables showing performance. Regarding the future development of the technology sector, brokerage strategy outlook reports believe that the fundamentals of the AI industry chain are certain, and the repair trend of the technology sector has not yet ended. However, the rise in these sectors is still constrained by capital pressure and whether significant changes in the AI industry narrative can emerge. The subsequent technology market may shift from a broad-based rise to structural opportunities.