CITIC SEC pointed out that in the next 12 to 24 months, the Software Saas Sector will be regarded as the top pick in the US Technology Sector. It is determined that many negative factors that previously restrained the Software Sector are gradually alleviating or turning into positive catalysts. This is reflected in the following: After the elections, IT spending by enterprises in Europe and the US is gradually rebounding, Agent-driven AI and Software monetization are expected to accelerate in 2025, coupled with the attractive valuation levels that the Sector currently has, and the fact that central banks in Europe and the US are entering a rate-cutting cycle. Although subsequent investors still need to closely monitor the sustainability of performance improvement and the progress of AI commercialization, market sentiment towards this Sector has clearly changed for the better. Looking ahead to 2025, it is believed that targets with strong performance resilience, continuing upward prosperity, and rapid AI progress will continue to benefit; at the same time, companies whose performances are expected to reach a turning point and whose valuations are at historically relatively low levels are also worth continuing to pay attention to, and are expected to realize greater valuation flexibility.