Under the Federal Reserve’s high interest rate policy and the backdrop of persistent inflationary pressures, the biggest challenge investors

face in 2025 is no longer short-term market volatility, but rather identifying sectors with sustainable growth amid structural shifts. Despite a

broader economic slowdown, certain areas continue to exhibit strong momentum, driven by factors such as policy support, technological

innovation, and evolving capital allocation trends.

Based on global market data, insights from major investment banks, and fundamental industry analysis, this article outlines three key

investment themes with strong medium- to long-term allocation value in 2025: Artificial Intelligence and Compute Infrastructure, Clean

Energy and Energy Storage Systems, and Advanced Manufacturing and Industrial Automation. These three sectors demonstrate clear growth

trajectories, supported by robust industry fundamentals and earnings performance, while also enjoying relative advantages amid the

ongoing realignment of global supply chains and capital flows.

1. Artificial Intelligence and Compute Infrastructure

Artificial intelligence is gradually transitioning from the research and development stage to industrial-scale deployment. According to

Goldman Sachs, breakthroughs in generative AI could significantly reshape the global economy. As these tools are adopted by businesses

and society at large, global GDP is projected to grow by an average of 7% annually over the next decade—equivalent to nearly $7 trillion.

AI development is inseparable from high-performance computing power. GPU chips, power systems, server assembly, and networking

equipment have become core components of the AI value chain. As demand grows for private models, edge computing, and multimodal

AI applications, compute infrastructure is entering a sustained investment cycle. At the same time, cloud platforms and AI software providers

are expanding their customer reach and monetization models through "Model-as-a-Service" (MaaS) offerings and vertical industry solutions.

As enterprise AI spending shifts toward practicality and return on investment (ROI), the market is placing greater demands on computing

solutions that offer stable supply, high efficiency, and energy optimization. Industry leaders across the AI infrastructure chain are poised to

benefit. Beyond technological moats, cost control and supply chain integration have become critical differentiators.

Representative Companies:

NVIDIA (NVDA): NVIDIA is the world’s leading GPU manufacturer, with its H100 GPU holding an unshakable leadership position in AI

infrastructure. For FY2026 Q1, revenue rose 69% year-over-year, with data center revenue accounting for over 88% of total sales. Gross

margins remained above 71%, underscoring its dominance in both AI training and inference markets.

Microsoft (MSFT): Through Azure AI, Microsoft offers enterprise clients access to large language models, while ramping up investment in its

own AI chips. In Q1 2025, its cloud revenue grew by 22%, reflecting a clear path toward AI commercialization.

Super Micro Computer (SMCI): As a leader in AI server integration, SMCI saw full-year 2024 revenue grow approximately 110% year-over-

year. Its customer base includes major tech firms such as Meta and Google, making it a key player in AI hardware deployment.

2. Clean Energy and Energy Storage Systems

The global energy transition is accelerating. According to the International Energy Agency’s Renewables 2024 report, under current policies

and market conditions, global renewable energy capacity additions are expected to reach 5,500 GW by 2030—nearly double the level in

2020. In the U.S., the Inflation Reduction Act (IRA) allocates over $370 billion in subsidies, with a strong focus on solar, wind, battery

manufacturing, and energy storage projects. This has significantly improved the economics and return on capital for domestic clean energy

initiatives.

As solar module costs continue to decline and conversion efficiency improves, the cost of solar power has fallen below that of natural gas

and coal in many markets. At the same time, the buildout of energy storage systems has become an essential component for integrating

renewables into the grid. Current mainstream storage solutions include lithium-ion batteries, large-scale flow batteries, and pumped hydro

storage, with advanced software control systems playing a crucial role in enhancing operational efficiency.

In addition, growing demand is coming from commercial real estate, residential rooftop systems, electric vehicles, and distributed generation

connected to the grid. On the corporate side, the focus has shifted to energy management solutions that reduce electricity costs and

enhance energy security.

Representative Companies:

First Solar (FSLR): A leader in thin-film solar technology, First Solar offers superior performance in high-temperature environments and

benefits from U.S. manufacturing incentives. As of February 28, 2025, the company’s year-end contracted backlog stood at 68.5 GW.

Enphase Energy (ENPH): The market leader in microinverters, Enphase holds a strong position in the North American residential solar market.

In Q1 2025, it maintained a net profit margin above 8%.

Tesla Energy: Tesla’s Megapack is designed for grid-scale energy storage and has already been deployed in numerous projects. Tesla

collaborates with multiple utilities, and its total energy storage deployments reached 31.4 GWh in 2024, gradually expanding its footprint in

the grid-scale storage sector.

3. Advanced Manufacturing and Industrial Automation

In response to rising geopolitical risks and labor costs, manufacturing companies are accelerating investments in automation and

localization. A Deloitte survey shows that over 60% of manufacturers plan to increase automation or reshore part of their production

capacity by 2025. This dual push for smart manufacturing and local production is especially prominent in North America and East Asia.

In parallel, government-led infrastructure initiatives and industrial revitalization policies are creating incremental demand for equipment,

systems, and software services. Whether in traditional manufacturing or in sectors like renewables and semiconductors, the latest round of

capital expenditures is increasingly focused on enhancing production flexibility and precision control.

Advanced manufacturing integrates AI, industrial IoT, sensors, and control systems. The sector features high barriers to entry, strong

customer stickiness, and long replacement cycles. Leading companies in high-end equipment, smart factories, and industrial robotics

benefit from deep technological moats and robust service networks, creating powerful network effects.

At the same time, automation is expanding beyond manufacturing into under-automated sectors such as agriculture, construction, mining,

and logistics—offering significant runway for long-term growth.

Representative Companies:

Rockwell Automation (ROK): A leading player in industrial automation, Rockwell offers a comprehensive suite of solutions across industrial

control, drive systems, and information technology. Its products are widely used in industries such as automotive, food & beverage, and

chemicals, supported by strong R&D capabilities and a broad product portfolio.

Deere & Company (DE): Deere is advancing precision agriculture through autonomous navigation, remote diagnostics, and data

management services. In 2024, the company saw significant growth in revenue tied to its precision agriculture technologies.

ABB (ABB): A global leader in robotics and electrification, ABB serves a wide range of sectors, including manufacturing, transportation, and

construction. Known for its high reliability, performance, and intelligent automation solutions, ABB booked $33.7 billion in orders in 2024 and

achieved a record-high operating margin.