A-share pre-market news: Intel Corporation (INTC.US) surged by 22%! Goldman Sachs Group, Inc. maintains its overweight rating on A-shares and H-shares.

Pre-market headlines 1. Intel surged 22%! Nvidia announced a $5 billion investment, and both are set to jointly develop chips. Type: Company Emotional impact: Positive Overnight, Intel surged over 22%, leading to a more than 3% increase in the Philadelphia Semiconductor Index. Nvidia will invest $5 billion in Intel at a price of $23.28 per share. In the data center field, Intel will customize x86 CPUs for Nvidia, which Nvidia will integrate into their artificial intelligence infrastructure platform and release to the market. 2. Goldman Sachs maintains an overweight rating on A-shares and H-shares, predicting an 8% and 3% increase in the two markets over the next 12 months. Type: Market Emotional impact: Positive Goldman Sachs' latest viewpoint states that they maintain an overweight rating on A-shares and H-shares, predicting a potential upside of 8% and 3% in the two markets over the next 12 months; they recommend investors to buy on dips and are optimistic about themes such as "China's top ten private enterprises," AI, anti-insulation, and shareholder returns. Recently, a group of Chinese stocks represented by Alibaba, Tencent, and Baidu have received collective target price upgrades from international investment banks. 3. Ningbo TIP Rubber Technology had 12 consecutive days of limit-up trading, prompting the Shanghai Stock Exchange to temporarily suspend trading for some investors' accounts. Type: Company Emotional impact: Negative The Shanghai Stock Exchange issued a notification stating that Ningbo TIP Rubber Technology has experienced abnormal fluctuations recently, with some investors engaging in abnormal trading behavior that affects normal market trading order and misleads investors' trading decisions while trading the stock. The Shanghai Stock Exchange has taken regulatory measures such as suspending account trading for the relevant investors in accordance with the rules. 4. Ministry of Science and Technology: Actively promoting the accelerated application of humanoid Siasun Robot & Automation in scenarios such as car manufacturing, logistics, and transportation. Type: Industry Emotional impact: Positive At a press conference, Minister of Science and Technology Yin Hejun stated that breakthroughs have been made in the overall technology of humanoid Siasun Robot & Automation, with progress in key technologies such as multimodal perception and the brain-cerebellum model, promoting a deep integration with embodied intelligence. This is pushing for the accelerated application of humanoid Siasun Robot & Automation in scenarios such as car manufacturing, logistics, power inspection, laying a solid foundation for the development of trillion-level industries in the future. Investment Calendar Huawei holds an innovative product launch event Institutional Viewpoints 1. Guotou Securities: The market index will continue to maintain its strong momentum in September, with the current "bull market" phase experiencing a "bull wagging its tail" stage. 2. Sinolink: A-share valuation and risk premiums are still in a reasonable range, with inflows of external funds providing upward momentum. 3. Orient: The technology sector remains dominant, especially as recent declines provide an opportunity for investors to enter the market. Market Prospects 1. Huawei's Ascend AI chip roadmap released: Will launch Ascend 950PR next year, using self-developed HBM Type: Market Hot Topic China Galaxy: With its foundation and advantages in the communication field, Huawei has filled in the performance gap compared to Nvidia chips through system engineering and structures, providing new ideas for the development of domestic computing power. Domestic computing power is expected to accelerate penetration and usher in a golden period. 2. Unexpected adjustment of pig production capacity! Roundtable meeting specifies that leading companies should take the lead in controlling production capacity Type: Market Hot Topic Orient: The continuous improvement of profits and dividend rates for high-quality companies remains the core driver for the long-term performance and valuation improvement of the pig breeding sector; recent policies and market forces are driving the elimination of production capacity in the pig breeding industry, helping to boost long-term sector performance. 3. National Bureau of Statistics: Will support comprehensive pilot testing areas for data elements in more fields to conduct pilot tests in advance Type: Policy Focus Soochow: China has a natural endowment of data resources, waiting for the development of the untapped blue ocean of public data value. It is suggested to pay attention to targets related to data infrastructure, data labeling, data operations, and companies with unique, high-quality data sets. Announcement Express Slightly positive announcements 1. Fulin Precision: Signed a 1.5 billion yuan prepayment agreement with Contemporary Amperex Technology to lock in the supply of lithium iron phosphate 2. Olympic Circuit Technology: The new generation PCB product "Smart Innovation" is expected to start production in mid-2026 and may supply Tesla in the future. 3. YTO Express Group: Express product revenue in August was 5.39 billion yuan, a year-on-year increase of 9.82%. Slightly negative announcements 1. Shanghai Smith Adhesive New Material: Some senior executives collectively reduced their holdings by 141,000 shares on September 16th. 2. Jilin University Zhengyuan Information Technologies: The third-largest shareholder, Shanghai Yunxin, plans to reduce its holdings of the company's shares by 3% or less. 3. PharmaBlock Sciences: Shareholder Zhou Quan plans to reduce his holdings by no more than 2,329,600 shares. Overseas Markets Self-selected Brother's Tip: The Federal Reserve hinted at the start of a rate cut cycle this week, boosting investor confidence. The three major US stock indices hit new historical highs on Thursday. Nvidia's investment led to a 22.8% surge in Intel, while Nvidia rose 3.49%. Most popular Chinese concept stocks fell. This article is a reprint from "Tencent Stock Selection," edited by Huang Xiaodong for GMTEight.