CITIC Securities: The market has begun a new phase of thematic brewing, recommending "anti-involution," AI computing power, semiconductors, and short drama themes

CITIC Securities research report believes that the market style remains in a high-level oscillation, still centered around the technology main line for speculation, with high trading sentiment in the AI computing power sector. From the perspective of catalytic factors and timing, we are currently in a period of intensive disclosure of third-quarter performance reports, and the thematic enthusiasm for "anti-involution," AI computing power, semiconductors, and short dramas is expected to continue. Based on the market environment, catalytic factors, and comprehensive quantitative indicators, it is recommended to pay attention to the above four major thematic directions. The market is entering a new phase of thematic brewing, focusing on narratives, events, and themes with high performance certainty, recommending "anti-involution," AI computing power, semiconductors, and short drama themes