U.S. stocks rebounded under the leadership of technology stocks, Nvidia came back strongly after 3 days of adjustment, and the Nasdaq index rose sharply, which also drove the collective performance of peripheral technology stocks. The A-share market has not only not been adjusted by the influence of OpenAI, but has "risen", which is also a step that must be taken by domestic substitution, and self-improvement is an ancient adage! The biggest problem at this stage is that the trading volume is too low, so it is impossible to have a hundred flowers blooming, and it is still necessary to pay attention to the emergence of dividend premiums in some sectors driven by the positive. For the current market, the index has still not stabilized, and the main force has not "vigorously" moved forward, and the best strategy is still to wait patiently for the end of the market adjustment.
On June 25, OpenAI announced that it would start blocking API traffic from unsupported countries and regions on July 9 this year. After that, developers from China will not be able to use OpenAI APIs to provide services, which means that the "reshuffle mode" of the AI industry is coming. In the AI 2.0 era, a new generation of infrastructure is needed to support the training and inference of large models and the large-scale implementation of generative AI applications, and its core elements, such as computing, storage, network, and data services, are facing a new round of market expansion.
The three major indexes opened mixed, with individual stocks in the two cities falling more and rising less, with Sora, Internet, ChatGPT and other sectors performing strongly, while PEEK materials, pork, ST and other sectors performing poorly. Weight loss pills concept stocks opened higher, Zhengguang shares rose nearly 20%, Baihua Pharmaceutical, Borui Pharmaceutical, etc. followed suit, and the U.S. stock weight loss pills both hit record highs, Novo Nordisk closed up 3.25% at $146.91, and Eli Lilly closed up 1.63% at $904.61. AI concept stocks collectively rose, Haitian Ruisheng, Fantuo Digital and other stocks rose more than 10%, Insai Group, Tors and other stocks rose more than 5%, OpenAI made it clear in the early morning of June 25 that it will stop using APIs in countries and regions it does not support from July 9, China is among the banned, and a number of domestic large model manufacturers immediately launched the corresponding "moving" plan.
The auto parts sector has been repeatedly active, with the Golden Kirin 5 boards, Rhema Precision, Tianqi Mold daily limit, Hengbo shares, Rhema Precision, etc., and the National Development and Reform Commission and other five departments jointly issued the "Measures on Creating New Consumption Scenarios and Cultivating New Growth Points for Consumption", proposing to steadily promote the commercial operation of autonomous driving and create a new scenario of high-end intelligent driving. The PCB concept bottomed out and rebounded, the 20CM daily limit of Zhongying Technology, Mankun Technology rose by more than 10%, and the demand for PCB increased significantly with the rapid implementation of AI applications, and the product specifications increased with the upgrading and iteration of AI and switch chips. The requirements for the number of PCB layers and special processes for AI servers and high-speed switches are relatively complex, and the industry barriers are high, and only a few leading digital communication board manufacturers in the world can undertake relevant orders, and related orders may be expected to spill over.
The Shanghai Composite Index opened low on Wednesday, and Brother Niu wrote an article yesterday to "defend 2900 points", many investors still don't believe it, and are still fantasizing that someone will come to save us, or should we be realistic. Everyone should understand one thing: "A three-year bear market is not a reason for a bull market to come, and it is better to be cautious here." "With the downward trend of the index, the main funds are getting smaller and smaller, and we must be careful of the changes in the market here, because there is no support below. In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 2920 points.
The ChiNext index showed a pull-up trend on Wednesday, but it was completely different from the previous rebound of "up 1%", and it has weakened here. It is worth noting that the AI sector has collectively risen sharply, and the rebound of technology stocks has changed the changes in the market, and the rebound after falling for 5 days can also see the quality of individual stocks, some stocks fall for 5 days and make money for a day, and some stocks continue to fall for 5 days on the 6th day, giving people a feeling of "point soldiers". In the afternoon, pay attention to whether the GEM index can stabilize above 1700 points.
Lunchtime highlights:
1. As of June 25, the financing balance of the Shanghai Stock Exchange was 772.634 billion yuan, a decrease of 3.651 billion yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 685.225 billion yuan, a decrease of 2.641 billion yuan from the previous trading day, and the total of the two cities was 1457.859 billion yuan, a decrease of 6.292 billion yuan from the previous trading day.
2. ACCORDING TO A REPORT RELEASED BY DIGITIMES RESEARCH CENTER, THE GLOBAL OUTPUT VALUE OF SERVER GPUS (BOARDS AND SUBSYSTEMS, INCLUDING MEMORY CHIPS) WILL EXCEED $100 BILLION FOR THE FIRST TIME IN 2024, REACHING $121.9 BILLION. Among them, the output value of high-end server GPUs will account for more than 80%, reaching $102.2 billion, and shipments will reach 4.82 million, with NVIDIA accounting for 92.5% and AMD accounting for 7.3%.