Recent research from China Merchants Securities Co., Ltd. places tech growth at the top of its allocation priority list, repeatedly highlighting sectors like the AI computing power chain and the CPO industry chain. For many retail investors, seeing such recommendations triggers an immediate thought: I've heard of these tracks mentioned by institutions, but when it comes to actually making a move, it feels like I can never time it right. Am I destined to buy at the peak?

First, it's essential to understand the underlying logic behind institutional recommendations. The core judgment in this round of research from September 2026 is that after the U.S. August CPI data was released, the macro-driven trading phase has concluded. The market's main focus will now shift from macro speculation back to industry-specific developments. In other words, the earlier trading was driven by external variables like interest rates and Fed policies; now, attention turns to tangible technological breakthroughs and earnings validation. Progress in new models applied to Agent and scientific research fields is opening up the profit ceiling for the AI industry — this solid foundation, not speculative storytelling, is why China Merchants Securities Co., Ltd. is betting on tech growth.

For average retail investors, keeping up doesn't hinge on "knowing the direction" but on "choosing the right way to participate." Directly chasing hot individual stocks is undeniably difficult, and the divergence within the tech sector is far more intense than many imagine. Looking at recent market action, within the same AI chain, the performance of computing hardware and application ends is not aligned. A segment leading today's gains may fall into a correction tomorrow. Retail investors without the ability to continuously track industry data risk getting trapped by chasing highs amid frequent sector rotations.

So, is there a more stable way to get involved? The brokerage research actually provides some clues. China Merchants Securities Co., Ltd. repeatedly emphasizes "greater focus on earnings and structure," meaning stock selection should lean toward segments with genuine prosperity support, rather than touching pure concept speculation. For example, areas like semiconductor equipment and electronic chemicals, which have confirmed orders and capacity expansion, have relatively controlled volatility and more solid long-term logic. Instead of gambling on an unpredictable hot stock, it's wiser to diversify across leaders in several high-prosperity segments or participate through industry ETFs. This allows you to capture the sector's dividend while lowering the risk of individual stock pitfalls.

Another easily overlooked point: the "structural growth plus dividends" balanced portfolio approach mentioned in the research is particularly suitable for ordinary investors. The market environment in September 2026 features external interest rate disturbances and internal economic structural divergence, so solely betting on a growth style would bring significant volatility. Positioning tech growth as an offensive position and pairing it with high-dividend yield assets as a defensive base offers flexibility — attack when possible, defend when necessary — making it easier to hold positions through ups and downs.

Ultimately, institutional recommendations for tech growth provide a compass pointing out a general direction, not a treasure map handed to you directly. Retail investors don't need to force themselves into chasing the best-performing stock. As long as you can understand the industry logic, select the right prosperity segments, and manage your position sizing, you can be considered as keeping up with this wave of the market.

Disclaimer: This article is generated by an AI large model based on publicly available information and does not represent the views of any financial media outlet. For inquiries, please contact: biz@staff.sina.com.cn.