1. 5G investment brings high risks: Upgrading 5G networks requires huge investments, especially for operators, which require a lot of financial and technical support to complete network upgrades.

This makes the construction and operation of 5G networks affected by economic environment, policy, market and other factors, thus bringing high risks.

2. Insufficient short-term demand for chips: With the global economic slowdown, the continued impact of the epidemic, and the escalation of Sino-US trade frictions, consumer demand for electronic products has gradually slowed down, which has caused the demand for chips to gradually decline.

In the short term, chip shortage pressure will decrease and supply will increase, which may lead to an increased risk of callbacks for chip manufacturers.

3. Intense competition in the future: 5G and chip technology are regarded as key areas for future economic development, which will attract more and more companies to enter the market.

As competition intensifies, companies will face more pressure, leading to an increased risk of a correction in the short term.

In addition, technological innovation and market changes will also affect the performance and market position of these companies.