CITIC Construction Investment: Should investors hold technology stocks for the holiday?

Zhitong
2025.09.28 14:46

Alibaba's announced "three-year plan for 380 billion yuan in AI infrastructure construction" and the plan to "increase global data center energy consumption by ten times by 2032" have reinforced the long-term logic of investing in domestic computing power at the Alibaba Cloud Summit. We continue to recommend sectors related to domestic computing power. During the gradual economic recovery, while China promotes key industries to maintain reasonable growth and stabilize the industrial base, it is also essential to focus on structural optimization and efficiency improvement. Plans for the electronics information, automotive, power equipment, light industry, steel, and building materials sectors are being rolled out, and we continue to pay attention to the progress of anti-involution. This week, rare earth prices continued to consolidate, and takeaway subsidies have declined; we continue to recommend the rare earth and internet sectors

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