External markets have recently fluctuated sharply by whether the Federal Reserve will raise interest rates, and U.S. data released on Thursday has hit hopes of a soft landing: GDP in the first quarter rose 1.6% annualized quarter-on-quarter, the lowest in nearly two years, less than half of the growth rate in the fourth quarter of last year, and slower than the market expectation of 2.5%, and personal spending, the engine of economic growth, rose 2.5% in the first quarter, also at a slower pace than expected. The data shows that economic growth is unexpectedly weak, and the Federal Reserve's interest rate cut time has been postponed to December again.
Riding the Bull and Watching the Bear found that the model capability will still iterate rapidly in 2024, and the mobile AI computing power bidding verifies the demand for AI computing power, especially the demand for domestic AI computing power. From the perspective of computing power, software tool chain, inter-chip and networking communication, Huawei is at a high level of domestic chips, catching up with NVIDIA. Behind the wave of artificial intelligence industry and the drive of artificial intelligence strategic competition between major countries, superimposed by the United States' control over the export of high-end AI chips to China, the mainland's domestic computing power industry chain is expected to usher in a double click under the logic of prosperity improvement and share grabbing.
By 2027, the full-stack independent and controllable software and hardware products of intelligent computing infrastructure will be realized, and the ability to build a 100% independent and controllable intelligent computing center will be realized. Low-altitude economic concept stocks rose again, Zongshen Power daily limit, Zhongheng Design 8 boards, Tibet tourism 3 boards, Chongqing low-altitude flight consumption map will be officially released. During the event, 10 million yuan of consumption vouchers will also be distributed for the public to experience the fun of low-altitude flight. The new energy vehicle market still continued the trend in March, the penetration rate of new energy remained high in the first three weeks, and the new energy retail sales are expected to reach about 720,000 units this month, maintaining the same market size as last month, with a penetration rate of 45%.
CPO concept stocks fluctuated and strengthened, Xin Yisheng rose more than 9% to a record high, Yuanjie Technology, Zhongji Innolight and other shares rose more than 5%, Xin Yisheng achieved revenue of 1.113 billion yuan in the first quarter, an increase of 85.41% year-on-year, a month-on-month increase of 10.12%, and a net profit attributable to the parent company of 325 million yuan, and Nvidia's U.S. stock price rose more than 3% yesterday. In addition, after the "innovative drug" was written into the government work report of the State Council for the first time in March this year, the government's specific support policies for innovative drugs are gradually being introduced. The concept of copper high-speed connectors has been repeatedly active, Shenyu shares 20CM daily limit, Wall nuclear materials anti-package daily limit, electronic foundry manufacturer Quanta said that the server equipped with NVIDIA GB200 is expected to be mass-produced in September, GB200 for the first time to use high-speed copper cable scheme, the current value of a single NVL72 copper cable is about 500,000.
The Shanghai Composite Index opened higher on Friday, rising more than 1% at one point during the session, showing a significant rebound trend, and the trading volume of the two markets has been enlarged. In the European and American stock markets fell sharply overnight, A shares can get out of such a market, I have to make Brother Niu suspect that the main funds have shot, the purpose is to break through 3100 points before May Day, then there are 2 trading days next week, whether you can stand up is very critical, but whether you can make money and have a happy holiday, this is the most intriguing. In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 3080 points.
The ChiNext index rose more than 2% intraday on Friday, showing obvious signs of a breakthrough, and the opportunity to rise by 3% was not ruled out in the afternoon, which also led to the rebound of small, medium and micro stocks. Of the five trading days this week, 2 trading days are led by the low-altitude economy, 2 trading days are led by technology, and one day is led by the Chinese word head, and the rhythm of market investment is actually within the framework. Either don't do it here, or take the recent hot spots as the main investment direction to participate, but be careful of institutional funds to ship out of the market before the holiday. In the afternoon, pay attention to whether the GEM index can stabilize above 1800 points.
Lunchtime highlights:
1. The People's Bank of China carried out a 7-day reverse repurchase operation of 2 billion yuan today, and the winning interest rate was 1.80%, the same as before. Today's reverse repurchase is due for 2 billion yuan
2. As of April 25, the financing balance of the Shanghai Stock Exchange was 784.559 billion yuan, a decrease of 763 million yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 699.634 billion yuan, an increase of 198 million yuan from the previous trading day, and the total of the two cities was 1484.193 billion yuan, a decrease of 565 million yuan from the previous trading day.