Second half of the year is full of investment highlights, public fund strategy meetings are optimistic about the changing AI investment paradigm
Multiple public fund management companies, including Everbright Pramerica Fund, held strategy meetings to discuss investment opportunities for the second half of the year. Industry insiders noted that the A-share market is shifting from a "valuation-driven" to an "earnings-for-valuation" phase, highlighting the value of equity asset allocation. Globally, the economy is transitioning from real estate and infrastructure to AI investment and equipment manufacturing, with China's mid-stream manufacturing sector poised for a "strategic leap." Within the AI industry, the focus is moving from rewarding capital expenditure to verifying actual returns, making production capacity a key stock selection criterion, particularly in areas like optical communications and semiconductor equipment and materials. AI
IMPACT Investment focus in AI is shifting towards validating real returns and production capacity, signaling a maturing phase for the industry.