CSC Financial's Yu Haining: Tech stock pricing returns to fundamentals, bullish on long-term AI growth potential

Stock prices have pulled back, yet industry expectations are still being revised upward, and technology stocks at one point traced out two curves heading in different directions. How to understand this "scissors gap" has also become a lens through which to observe the changes in this round of market action. In a recent exclusive interview with a China Securities Journal reporter, Yu Haining, head of the technology research team at China Securities Co., Ltd., said that the capital market will trade concerns about future growth in advance, while industry development has its own rhythm. After external uncertainties are gradually settled, technology stock pricing will still return to orders, demand, and earnings expectations. He believes that the AI industrial revolution is far from over; after a period of adjustment, market understanding of the industry has diverged, but the long-term growth space is still worth being optimistic about.