Short-term fluctuations may occur, AI remains the long-term main theme in the market

Jinshi data news on March 3, last week, A-shares and Hong Kong stock markets simultaneously presented a volatile pullback trend, especially with a significant decline on Friday. From the zone perspective, the market pullback is mainly caused by the withdrawal of profit funds from the technology zone, with significant adjustments in the AI industry chain such as computers, electronics, and communications. In this regard, institutions generally believe that the industrial trend change led by DeepSeek breakthrough is the leading factor for this round of market rebound, and the current fundamental logic has not changed. Therefore, although there may be volatility in the short term, the position of AI as the main long-term trend in the market has not changed. During the adjustment of the technology sector, the value style with lower valuation may usher in a rebound.