Several key directions to focus on in July - a complete layout list before the financial reporting season 1. Mag 7 (Pay attention to the possibility of short covering) If the market position remains cautious, there may be a wave of short covering before the financial report. This line is not my main holding focus, but the emotional recovery before the financial report is worth paying attention to, especially the names that were heavily impacted in the early stages. 2. Storage Core target: DRAM Two key time points to remember: SK Hynix ADR listing on July 10th, and SK Hynix financial report on July 23rd. The DRAM sector has recently rebounded and gradually stabilized. As Hynix's ADR and financial report approach, the market will focus on HBM demand, price trends, and capital expenditure guidance for the second half of the year. Storage remains one of the most certain parts of this entire AI infrastructure narrative. 3. Semiconductor equipment Core targets: AMAT, LRCX With the continuous expansion of production by Samsung, SK Hynix, and Micron, upstream semiconductor equipment is expected to usher in a new cycle of prosperity. The demand for advanced process equipment such as etching and deposition in HBM is significantly higher than that of traditional DRAM, and this sector deserves continuous attention. 4. Interconnection/Memory Pooling/CXL Core targets: MRVL, ALAB, CRDO, PENG The scale of AI clusters continues to expand, and the industry's focus has gradually extended from simply heap computing power to improving memory utilization and overall cluster efficiency. High speed interconnection, CXL, and Memory Pooling will become important directions in the next stage of AI infrastructure. 5. Optical communication/network infrastructure Core targets: GLW, COHR, NOK The financial reports for July and August will further verify whether AI optical interconnection, data center network upgrades, and operator capital expenditures are truly continuing to be realized. 6. CPU Core targets: INTC, AMD, ARM Recently, these trends have been relatively strong, and funds have begun to refocus on the CPU sector. Next, we need to see if the financial report and product progress can further strengthen this logic, as this line is still in the verification stage. 7. Network Security Core target: CRWD With the popularization of AI, the importance of network security is also constantly increasing. Whether it's AI agents, cloud computing, or enterprise digitization, they all rely on security capabilities as the underlying guarantee, which is a track worth holding for the long term.