The wave of artificial intelligence is sweeping the stock markets of China and the United States.
Author | Market Cap Fund Research Department
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First, the market value of NVIDIA exceeded one trillion, and domestic listed companies came to rub it
On May 25, NVIDIA, the global leader in AI computing power, released its fiscal 2024 first quarter results and second quarter guidance, both of which greatly exceeded consensus expectations, with first-quarter revenue of $7.192 billion and second-quarter revenue guidance of $11 billion, a year-on-year increase of more than 60%, far exceeding market expectations.
NVIDIA explained that the rapid growth of performance is mainly due to the pull of AI on the data center business, and the growing demand for generative AI and large-language models based on Hopper and Ampere architecture GPUs.
On May 30, Eastern time, NVIDIA's intraday market value hit trillions of dollars, becoming the world's most valuable chip company. Since its bottom in October last year, NVIDIA's stock price has risen nearly 2.3 times.
NVIDIA CFO Colette Kress clearly pointed out at the performance meeting that the demand for generative AI and large language models is growing sharply, mainly from cloud service providers, Internet companies, enterprise users and AI startups and other customers.
After the release of ChatGPT at the end of 2022, NVIDIA's A and H series of high-computing power GPUs have been fully produced, and the company is significantly increasing upstream production capacity.
Many domestic listed companies have "shaken the flag", they have business cooperation with NVIDIA, buy me! Buy me!
Kinwong Electronics said on May 30 that it has in-depth cooperation with NVIDIA in the fields of computing power, automatic driving, and graphics cards. In addition, the company's products can be used in batch optical transceiver products.
As early as April 2, Zhongke Chuangda said that on the NVIDIA platform, the company obtained the drive development and image quality tuning (ISPTuning) permission of the two major platforms of Jetson and DRIVE, becoming the first company in China to obtain the authorization of NVIDIA picture quality tuning, which can provide comprehensive and systematic technical training and tracking Q&A support for NVIDIA ecological partners.
Convinced said that NVIDIA is one of the company's strategic partners.
In addition, Yakang shares, Haitian Ruisheng, and CLP Port have come forward to say that they are NVIDIA's customers, while Shenghong Technology, Helin Weina, Platinum New Materials and other companies said that they are NVIDIA's suppliers, anyway, they can rub as much as possible.
Second, the three major concept stocks have been heavily invested in funds
Before this round of carnival fever set off, a number of star fund managers from the public offering had already taken heavy positions in several NVIDIA concept stocks.
As of the end of the first quarter of this year, the public fund holdings accounted for 15.6%, of which the following table is the list of public funds with a market value of more than 100 million yuan:
Huang Xingliang's 3 funds of Wanjia Fund hold a total market value of 1.45 billion yuan, while HSBC Jinxin's Lu Bin has 4 funds with a total market value of 1.92 billion yuan, which is the largest heavy stock of the fund under management by the two. Star fund managers such as Xu Wenxing of CEIBS Fund, Xie Zhiyu of Industrial Securities, and Wang Keyu of Prosperity Fund are optimistic and convinced.
However, in the past two months, I believe that the high has fallen by more than 15%, and I don't know if fund managers have changed their positions.
Kinwong Electronics' recent stock price has performed well, yesterday there was a "T" shape limit increase, and today's deadline rose more than 9%.
As of the end of the first quarter of this year, Kinwong Electronics' public fund holdings accounted for 8.64%, and the following table is the list of funds with heavy positions in the stock:
CEIBS Fund's Xu Wenxing is "uniquely discerning", and Kinwong Electronics is the second largest heavy stock under management with a market value of 980 million yuan. In addition, Zhang Yuan of Yingda Fund and Wang Keyu of Honde Fund have also benefited from the recent sharp rise.
The recent performance of China Science and Technology Chuangda is also very active, rising by more than 10% on May 29, and rising by nearly 7% again yesterday, mainly because of the wave of dividends of the NVIDIA concept.
As of the end of the first quarter of this year, the public fund holding ratio of Zhongke Chuangda was 11.93%, and the following table is the list of funds with heavy positions in the stock:
Harvest Fund is the "number one fan" of China Science and Technology Chuangda, the company's tenth largest heavy stock, with a market value of 2.25 billion yuan, of which Gui Kai is the "number one fan fighter", which is the third largest heavy stock in its fund under management, with a market value of 1.93 billion yuan.
Wang Jing of China Merchants Fund also placed a heavy bet on China Science and Technology Chuangda, which is its largest heavy stock, with a market value of 1.01 billion yuan.
However, the recent performance of Zhongke Chuangda is average, with Q1 revenue in 2023 increasing by 1.2% year-on-year, and net profit attributable to the parent increasing by 8.1% year-on-year, which seems to be stagnating growth in the near future.
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