The applications and robotics highlighted in Thursday’s article are essentially the only promising sectors in the technology direction for Friday. This has been a focus for some time, and although they are still in the early stages, stocks in these areas have recently performed relatively better than the overall market. The bull market continues, with AI and technology remaining the main themes. In the future, AI application software and robotics are expected to see significant market movements, but it is currently difficult to predict when this will start and which specific items will emerge successfully. At present, Alibaba is relatively clear in this regard, while others resemble the early stages of DS, where short-term sentiment outweighs logic. Additionally, it is worth watching whether robotics will mark the starting point for the next major market trend. If core targets can continue to perform strongly against the trend, they should be closely monitored. Due to changes in external liquidity narratives and the impact of valuation cuts in the A-share market, the index has seen a sharp decline. The first round of selling on Friday has largely completed, and the overall suggestion for next week is to maintain positions and wait for a genuine rebound. However, if the rebound occurs with low volume, it is still advisable to control positions until external liquidity and A-share trading volume improve. In other words, we need to see clarity on whether the US stock market will resume trading with interest rate cuts and how Japan’s potential interest rate hikes will affect yen arbitrage trading. Once the market stabilizes and rebounds, and when A-shares show increased volume in the main sectors, we can expect better performance. The current expectation is still for interest rate cuts, and overall, the adjustment in the US stock market is not pessimistic, with December or January being potential timelines for this. In the short term, Google’s OCS and application-related sectors are worth trading. The overall market is experiencing low volume and a downward trend, with short-term sentiment at a low point. Various speculative stories in the new energy sector are causing capital outflows, leaving only those sectors with expectations or relatively small funds that can focus on specific directions, which are likely to see excess returns due to collective trading opportunities. The original main line of hardware and its favorable direction in new technologies is still promising, but the current trading volume and trends are difficult to improve due to public sentiment. Overall, there will still be valuation cuts and bottoming out, and if one cannot endure this, it is better to wait for a rebound and stabilize before engaging in the next round of speculation.