Goldman Sachs' top technology strategist Peter Callahan recently released research reports indicating that although the profit prospects of Mag 7 remain stable, full confidence in some of the companies is still lacking. Mainly including: Microsoft (lack of EPS-driven corrections), Apple (compared to the catalyst for iPhone 17, the valuation will be more reasonable one year later), Nvidia (investor concerns about stock price peaking), Google (regulatory concerns and potential risks driven by AI). Goldman Sachs believes that from now until the end of 2024 to 2025, semiconductor/AI companies are worth close market attention. Considering that investors' positions are more clear now, the market background is also more favorable (global central banks entering an easing cycle, datacenters beginning broad recovery, AI continuing to receive strong investments, etc.), for these companies, the current market environment may be as favorable as it was in June 2024, or even better.