After a deep retracement in product net worth in July, some funds took the lead in entering the recovery channel since August, and the product net worth curve showed a clear V-shaped trend. According to Wind data, as of September 9, more than 20 funds had only withdrawn more than 30% in July, and the net product value rebounded by more than 30% since August. It is worth noting that these funds generally hold heavy positions in the optical communications industry chain. Many industry insiders believe that behind the extreme rise and fall in the early period, there are many factors in market sentiment, and the extent of changes in the market far exceeds the short-term changes in fundamentals. As the market recovers, the pressure on the transaction structure has eased. While remaining cautious, investors can continue to pay attention to the main AI line and focus on exploring structural opportunities within AI.

After a deep retracement in product net worth in July, some funds took the lead in entering the recovery channel since August, and the product net worth curve showed a clear V-shaped trend. According to Wind data, as of September 9, more than 20 funds had only withdrawn more than 30% in July, and the net product value rebounded by more than 30% since August. It is worth noting that these funds generally hold heavy positions in the optical communications industry chain. Many industry insiders believe that behind the extreme rise and fall in the early period, there are many factors in market sentiment, and the extent of changes in the market far exceeds the short-term changes in fundamentals. As the market recovers, the pressure on the transaction structure has eased. While remaining cautious, investors can continue to pay attention to the main AI line and focus on exploring structural opportunities within AI.