A-share pre-market report | S&P hits new high again, storage stocks surge, Micron Technology, Inc. (MU.US) soars 19%

Pre-market headlines 1. S&P NASDAQ hits new high, storage stocks surged, Micron soared 19%, market value exceeded $1 trillion for the first time Type: Market Sentiment: Positive Due to expectations of US-Iran talks and strong performance of tech stocks, S&P 500 and NASDAQ hit new intraday and closing highs. The chip storage sector led the gains, with Micron Technology soaring over 19% and its total market value exceeding $1 trillion for the first time. One of the catalysts for the surge was UBS significantly raising the target price for the stock from $535 to $1625. This means Micron's stock price is expected to more than double from the current price, with a corresponding market value of $1.8 trillion. 2. MIIT speaks up! Policy support for automotive solid-state batteries, institutions optimistic about industry chain potential Type: Industry Sentiment: Positive The Ministry of Industry and Information Technology released the key points of the 2026 automotive standardization work on May 26. This includes improving and implementing key standards systems for intelligent connected vehicles, automotive chips, new energy vehicles, etc., and conducting research on automotive quality reliability and standards for solid-state batteries for vehicles. Institutions believe that power batteries, as the core components of new energy vehicles, directly determine the safety, manufacturing costs, and market competitiveness of the entire vehicle, and are the core area of global automotive industry technological competition. 3. NEA holds national "AI +" energy promotion conference to promote efficient synergy between computing power and electricity Type: Industry Sentiment: Positive The National Energy Administration held a national "AI +" energy on-site promotion conference in Shenzhen. The meeting emphasized that artificial intelligence is an important engine for building a strong energy country and developing new production forces for energy, and it is necessary to seize the global development strategic opportunities of AI, continue to deepen the open energy application scenarios, focus on breakthroughs in key core technologies, promote efficient synergy between computing power and electricity, and promote the formation of a new pattern of mutual empowerment and integrated development of AI and energy. 4. Ceasefire agreement turned into waste paper! Fierce battle erupts in the Strait of Hormuz, US and Iran exchange fire, oil prices rise Type: Macro Sentiment: Negative Xinhua News Agency quoted Iranian media reports that Iran and the United States reached a 14-point memorandum of understanding, which was "pure fabrication and groundless." US Secretary of State Pompeo said that the US and Iran are still negotiating the agreement, and it will take "several days" to finalize the relevant text. The military confrontation between the US and Iran suddenly escalated. Iran stated that the Revolutionary Guards shot down a US MQ-9 "Reaper" drone in Iranian airspace in the Persian Gulf. The main crude oil futures contract closed up 0.81% in the night session. Investment calendar April industrial enterprise profit data release Institutional views 1. Founder: Approaching the World Cup and the disclosure period of the interim report, it is expected that market volatility will intensify in June, and it is recommended to control positions. 2. Open Source Securities: Reviewing several typical high-crowded stages in history, the deterioration of micro-structure often corresponds to increased short-term market volatility. 3. Zheshang: The upward trend of innovation and entrepreneurship has not ended, and it is necessary to closely observe signals such as the 20-day moving average and the 5-week moving average in the future. Positive and negative prospects 1. NASA releases roadmap for lunar base, SpaceX IPO expectations ferment, American space stocks surge Type: Market hot topic BOC International: The "new land grab movement" of space infrastructure has opened the curtain for a trillion-dollar commercial aerospace market. China already has the capability to cover the entire aerospace industry chain, and the future is promising with multiple drivers. Core components and new processes such as 3D printing are expected to benefit. 2. Intel increases investment in glass substrates to build the world's first mass production base Type: Institutional hot comment Zheshang: Glass substrates are key materials for next-generation advanced packaging. From 2026 to 2030, it will enter a period of mass production challenges, and the AI and HPC high-end market will be the first to land. The industry rating is "optimistic". 3. Orders for overseas AI short films are booming! Expected to increase by 500% this year Type: Market hot topic Huaxin Securities: 2026 is expected to be the "golden year" for AI applications, as the technology gradually matures, many large models have strong tool calling and multimodal understanding capabilities. Policy support and market demand resonance, from cost reduction and efficiency improvement on the B-side to popularization on the C-side. Announcement News Slightly positive announcements 1. Beijing Bayi Space Lcd Technology Co., Ltd.: Photolithography resin achieves mass production, has been verified in wafer factories and put into production 2. Shenzhen Kaifa Technology: Subsidiary plans to expand high-end storage chip packaging and testing capacity, with a total project investment of 14.7 billion yuan 3. Guangzhou Tinci Materials Technology: Plans to carry out preliminary work on a 160,000-ton high-voltage lithium iron phosphate project, with a total investment not exceeding 21 billion yuan Slightly negative announcements 1. Henan Shijia Photons Technology: Terminates the acquisition of Fuke Xima Communications Company 2. OKE Precision Cutting Tools: Shareholder inquiry transfer pricing is 96.45 yuan/share, a discount of 31.1% from the closing price today 3. Linzhou Heavy Machinery Group: The China Securities Regulatory Commission decided to investigate the company for suspected violations of laws and regulations in information disclosure Overseas Markets Self-selected Brother Tip: The semiconductor sector and AI stocks collectively soared, with the S&P 500 and NASDAQ hitting new intraday and closing highs. On the market, the storage sector was strong, the semiconductor sector was active, and the space sector surged; in terms of individual stocks, Micron's closing increase was fixed at 19.29%, breaking through the $1 trillion market value threshold for the first time, Intel rose 3%, and AMD rose 7.78%. This article is reproduced from "Tencent My Stock", GMTEight editor: Huang Xiaodong.