On Friday, the US stock market fell sharply, with the Nasdaq index dropping by 1.69%, and high-tech stocks generally declined. Will the ChiNext board experience a significant drop next week? Yu believes that the logic behind the rise of high-tech in the US stock market is completely different from that of domestic high-tech, and there won't be a significant drop on Monday.

The seven sisters of high-tech in the US stock market account for 60% of the total weight of the Nasdaq index. Among these seven sisters, except for a few companies, all are concentrated in OpenAI artificial intelligence and computing power. Overvaluation and insufficient electricity are the main reasons for the sharp decline in high-tech stocks.

The US stock market is heavily reliant on high-tech, which is entirely focused on OpenAI artificial intelligence and computing power. When concentrated high-tech funds start to loosen, a sharp decline in the US stock market becomes inevitable. The rise and fall are both tied to high-tech, which is the biggest issue for the US stock market.

Domestic high-tech is mainly concentrated in the ChiNext board. Communication equipment, artificial intelligence, chips, photolithography machines, new energy, and commercial aerospace are widely distributed across the high-tech industry. Without the kind of giants seen among the seven sisters in the US stock market, there won't be a situation where one loss leads to all losses.

The domestic high-tech industry, based on self-reliance and domestic substitution, carries a historical mission. The logic of development is completely different from that of the seven sisters in the US stock market. Similar to the previous new energy sector, it requires a hundred flowers to bloom and a hundred boats to compete, allowing the best to stand out.

In order to accomplish historical tasks, the high-tech industry is supported by market dream rates and is not limited by price-to-earnings ratios. Communication equipment and artificial intelligence have seen relatively large increases and may experience corrections. New energy, chips, and commercial aerospace have greater potential for upward movement.

In summary, the sharp decline of high-tech in the US stock market has limited impact on the ChiNext board. The high-tech sector will rotate upwards, with corrections occurring at high levels, and those that have adjusted sufficiently will rise sharply. New energy, chips, and commercial aerospace can be accumulated on dips.