CITIC Securities: AI Infrastructure Remains Resilient but Volatility Rises in Q3, Advises Caution

According to CITIC Securities, AI infrastructure fundamentals remain resilient in Q3 2026, but heightened volatility warrants caution on chasing rallies. The research report identifies key drivers for third-quarter market direction: mid-period earnings performance and overseas financial reports in the AI sector, coupled with July's political leadership economic stimulus measures amid softening macroeconomic conditions. The brokerage recommends tactical pullback entries over aggressive accumulation, citing near-term swings from geopolitical events and major tech IPOs, while lithium-battery and energy-storage segments show recovery potential.
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