Chinese optical-component stocks have rebounded following a significant sell-off, according to a top-performing money manager. Liang Ce, co-manager of the First Seafront SH-HK-SZ Lexiang Life Flexible Allocation Mixed Fund, argues the recent drawdown has cleared out excesses from a "fleeting but extreme" bull market in the second quarter. The fund has delivered a remarkable 182% return over the past year, outperforming 99% of its peers and ranking second among more than 2,000 comparable funds tracked by East Money Information Co. This performance reinforces the bullish case for the artificial intelligence trade, particularly within the optical sector, suggesting that current valuations may now offer more sustainable growth opportunities for investors.