“The AI Supercycle Is Far From Over, with a Focus on the Hardware Layer” The AI wave is reshaping global industry value chains and creating abundant investment opportunities.Our Portfolio Manager Xiangjie points out that the current wave of large-scale capital expenditure is not driven by blind expansion, but is supported by genuine underlying industry demand. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#