A-share market express at the opening bell | Red plate fluctuation! Computing power industry chain rebounds, RISC chip concept continues to be strong.

On March 5th, the A-share market opened higher and fluctuated. As of 9:41, the Shanghai Composite Index rose by 0.14%, the Shenzhen Component Index rose by 0.11%, and the Growth Enterprise Market Index rose by 0.15%. In terms of market performance, the computing power industry chain rebounded, with Wintao Communications, Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology hitting the limit up. The RISC chip concept continued to be strong, with Shenzhen Best of Best Holdings seeing two consecutive limit up days. On the downside, sectors like photovoltaics, pharmaceuticals, and real estate led the gains. In terms of fund flows, major funds net inflowed into industries like engineering machinery, communication services, specialty retail chains, consumer electronics, and components, while net outflows were seen in industries like IT services, semiconductors, software development, batteries, and photovoltaic equipment. Institutional Views: Looking ahead, Sinolink believes that the market's style may switch to large cap value defense. 1. China Securities Co., Ltd.: The market will maintain a consolidating shock in the short term. China Securities Co., Ltd. believes that looking ahead, the market will maintain a consolidating shock in the short term. In the medium term, the environment has not changed with demand stabilization and supply contraction leading to profit improvement and capital inflows. The reform dividend of the capital market will continue, and under the consensus of industry trends, the technology growth sector remains the main theme. From a global perspective, the mid-term trend of reevaluation of Chinese assets confidence is expected to continue. 2. Sinolink: The market's style may switch to large cap value defense. Sinolink believes that market volatility may rise again, and growth styles may overall "recede", but some structural technology directions still have the potential to "transcend". At the end of February, technology stocks experienced a significant pullback for two consecutive days, as the AI and Siasun Robot & Automation related tracks were already crowded. With the domestic fundamentals weakening, if combined with overseas risks, liquidity and sentiment may face a noticeable downward trend, causing the volatility of broad-based indices to rise again. Overall, small and medium cap growth styles may "switch" to large cap value defense; considering that the "market bottom" of A-shares has emerged and the logic of AI industry catalysis, it is expected that technology growth still has some structural opportunities. 3. Orient: Broad technology growth stocks remain the focus of fund speculation. Orient believes that the semiconductor industry is in an upward cycle, and the industry has opportunities in the development of the AI industry chain, with rapid development of AI on the terminal side. With the combined effects of industry recovery, AI industry trends, and domestic substitution process, the semiconductor industry chain has long-term investment opportunities, and investors are advised to pay close attention. Currently, the market is facing trade negative disturbances, increased policy games market expectations, leading to a decline in sentiment, and the market still needs time to repair. However, structural trends are still significantly present, especially broad technology growth stocks remain the focus of fund speculation. Hot Sectors: 1. RISC chip concept continues to be strong. The RISC chip concept continues to be strong, with Shenzhen Best of Best Holdings hitting two consecutive limit ups, and Jiangsu Yitong High-tech, Qingdao Eastsoft Communication Technology, LIERDA, Verisilicon Microelectronics (Shanghai) Co., Ltd., Unigroup Guoxin Microelectronics, C*Core Technology, and others following the trend. Review: On the news front, the Xuan Iron RISC-V ecosystem conference recently convened, and Academician Ni Guangnan of the Chinese Academy of Engineering stated that RISC-V, as an open-source and open hardware architecture, is becoming a new engine for global chip industry transformation. 2. Computing power sector rebounds. The computing power industry chain rebounded, with Wintao Communications, Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology hitting the limit up, and Glory View Technology, Jwipc Technology, Shanghai CDXJ Digital Technology, RunJian Co., Ltd., Kehua Data Co., Ltd., and others rising. Review: On the news front, a large order for computing power came in, with Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology's subsidiary signing a 36.9 billion yuan computing power service agreement with Hangzhou X Company. A Shanxi report pointed out that domestically, at the level of AI computing construction, there is institutional advantage with top-level design and state-owned enterprises leading, which is expected to drive various industries to increase capital spending on IT equipment, benefiting public cloud, private cloud, and all-in-one. This article is reproduced from "Tencent Stock Selection", GMTEight Editor: Li Fo.