How to View the Rebound in AI Applications? @Huatai Computer

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### How to View the Rebound in AI Applications? @Huatai Computer Time: 2026-07-31 14:21:38 Content: How to view the rebound in AI applications? @Huatai Computer (0731) This morning we reported: short-term negative factors in the AI industry chain have been fully priced in, hardware volatility has declined / see a rebound; in the morning, AI applications rebounded more strongly than hardware. What are the reasons and sustainability? Reasons for the rise in AI applications: First, capital rebalancing. The core reason is still that the short-term logic for computing power has flaws, and it is difficult to directly reverse and start a main upward wave (the essence is that short-term demand is unclear. Apart from Coding, what is the next explosive scenario?) Second, the narrative shift in AI applications: ① Companies are moving from Tokenmaxxing to Tokenoptimize, beginning to switch to cheaper/higher cost-effective models; …