Under the wave of AI, following the computing power and storage power, the market has recently discussed "sealing power". This morning, the advanced packaging sector, which represents "sealing power", rose, and the memory chip sector, which represents storage power, performed actively.
At the close of the morning, the Shanghai Composite Index fell 0.35%, the Shenzhen Component Index fell 0.34%, and the ChiNext Index fell 0.42%. Sectors such as automobiles, prepared vegetables, and aquaculture strengthened.
The advanced packaging sector rose
Recently, some market participants said that the computing power is limited by CoWoS (sealing power), and the advanced packaging determines the shipment of NVIDIA H/A100, thereby determining the amount of optical module/server/switch/water cooling/cable. Advanced packaging determines the scaling rhythm of the entire artificial intelligence.
This morning, the advanced packaging sector rose sharply, Yong Si Electronics, Kaiger Precision Machinery 20% up limit, Kangqiang Electronics, China Wafer Square Technology also up limit. Leading stock Zhongfu Circuit rose 9.14%, up 59.05% in the past four trading days.
A few days ago, Gu Ruofei, founder of Panyao Asset, said that Chiplet technology has gradually become one of the solutions to improve chip performance and computing power. Due to the AI center training/inference side chips and the edge end chips that are expected to be combined with hardware deployment on a large scale in the future, it is expected to drive future semiconductors into the next round of boom cycle. One of the future characteristics of AI center-side and edge-side chips is the need for high integration and high-performance computing, Chiplet, as a technical solution, is expected to provide new performance growth points for related packaging and testing plants and photomask factories, superimposed on the recovery of semiconductor prosperity, related companies will also usher in a double growth in valuation and performance.
It is understood that Chiplet is to interconnect each chip unit with each other through advanced packaging, thereby improving the degree of integration.
The memory chip sector was also active in the morning. CSC said that large models such as ChatGPT require large parameter calls and massive data reads, so AI servers need to be equipped with larger capacity, higher performance memory and supporting interface chips. In the future, the trend of increasing complexity of AI models will stimulate more memory usage and simultaneously drive the growth of demand for high-capacity DRAM, enterprise SSDs, and HBM. AI computing power drives storage demand, and AI server demand is high, which is expected to become an important driving force for the next round of upward cycle.
The aquaculture sector rose
This morning, in the aquaculture sector, Yisheng shares, Kingkey Zhinong and other stocks rose first.
Industry leader Makihara Co., Ltd. recently released a mid-report performance forecast, and it is expected that the net profit loss attributable to the parent in the first half of 2023 will be 2.55 billion yuan to 3.25 billion yuan, compared with a loss of 6.684 billion yuan in the same period last year, a year-on-year decrease of 51.37% to 61.85%. In the first half of 2023, the company's pig slaughter volume decreased slightly compared with the same period last year, but the average pig sales price increased compared with the same period last year, and the cost of pig breeding decreased, so the company's loss in the first half of 2023 decreased significantly compared with the same period last year.
The latest view of Galaxy Securities said that standing at the current point, it is necessary to observe the pig cycle from two perspectives: first, the fundamental trend, pig prices are low and continue to be under pressure, and production capacity de-industrialization continues and has an accelerating trend; Second, the valuation of the breeding industry, the PB of the pig breeding sector on July 14 was 3 times, which was in the historical low range; The pig breeding sector has a good risk-return ratio, and the layout can be actively paid attention to when the industry is pessimistic.
The prepared dish plate is raised
This morning, the pre-made vegetable sector rose, BBK, and the central shopping mall rose to the limit.
It is reported that the China Prepared Vegetables Industry Summit and Technical Exchange Conference will be held on July 27 during the 13th Beijing International Catering Industry Supply Chain Exhibition (Beijing Catering Expo).
According to reports, the China Prepared Vegetables Industry Summit and Technical Exchange Conference is one of the important contents during the Beijing Catering Expo, and it is expected that more than 300 people from relevant authorities, industry organizations, experts and scholars, and well-known enterprises will participate in the conference. Industry insiders believe that at present, the market demand for prefabricated dishes is increasing, especially in providing support for the catering industry, and the data shows that the utilization rate of prefabricated dishes in chain catering enterprises has reached 80%. However, because the industry is still in its infancy, there is still huge room for progress in product development, processing technology, business philosophy, etc., and brand building is in the embryonic state, for catering, supermarkets, group buying and e-commerce and other users, information dissemination is extremely asymmetrical, and the brand effect of various scenarios and various sub-categories is difficult to reach users, which has become a huge pain point in the industry.
(The market picture in the article comes from Wind, flush)
Editor: Yu Zhe Ya Wenhui