Kaiyuan Securities’ research report stated that after the market broke through the high of the "9/24" rally, the firm remains optimistic about the long-term breakthrough of the index: (1) The market structure exhibits a "dual-engine drive"—first, growth sectors under the global tech wave provide strong resilience, and second, the "anti-involution" trend leads to a diffusion of cyclical and pro-cyclical trades amid PPI recovery. (2) One should not be a "startled bird" in a bullish market but instead "stay the course with technology as the priority." (3) Recently, during the upward shift in the market’s center, the A-share market has shown clear characteristics of an "incremental market," with expanding trading volume and increased capital activity as key indicators. (4) In terms of style, growth sectors are favored, as they are more likely to outperform amid high market risk appetite. (5) Among popular sectors, liquid cooling is particularly promising—it is the next optical module & PCB, boasting three key traits: "strong growth, a complete narrative, and favorable odds." The fundamental slope of liquid cooling may steepen faster, and compared to optical modules and PCBs, it is still in an earlier stage.