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CICC Wealth Futures: AI narrative continues to surpass all other factors driving the equity market upward
Both markets saw a pullback from high levels and traded in a range, but the adjustment was limited. The key reason is that the U.S.-stock-led risk appetite has not changed. U.S. chip stocks have already been rising for 17 consecutive trading days, and the AI narrative continues to drive the uptrend in the equity market, outpacing all other factors. We believe investors can continue to closely watch shifts in market sentiment, with market sentiment serving as the primary driver. (CICC Wealth Futures)