A-shares Pre-Market Report | Alibaba Cloud Makes a Big Move! Global Data Center Capacity is Set to Double

Pre-Market News 1. The three major U.S. indices collectively declined, with chip stocks and optical communication concepts experiencing significant setbacks, while Chinese concept stocks rose against the trend. Type: Market Sentiment Impact: Negative The outlook for U.S.-Iran negotiations has once again cast a shadow, leading to a significant rebound in oil prices, which has heightened inflation concerns and raised interest rate expectations, thereby stalling the upward momentum of U.S. stocks. The Philadelphia Semiconductor Index dropped by 2.94%, with optical communication concept stocks leading the decline: Coherent fell by 14.24%, ALAB by 5.07%, Lumentum by 8.61%, and Corning by 4.78%. Intel fell by 4.06% after the company announced a proposed $15 billion common stock issuance plan. The Nasdaq Golden Dragon China Index rose by 1.65%. 2. Central Bank: Deepen the two-way opening of financial markets and strengthen cross-border connectivity of financial infrastructure. Type: Macro Sentiment Impact: Positive The central bank issued the "China People's Bank '14th Five-Year' Reform and Development Plan," outlining key tasks for the reform and development of the People's Bank during the "14th Five-Year" period. It emphasizes the establishment of a financial system compatible with technological innovation and aims to build a high-quality bond market "tech board." The plan also accelerates digital finance, enhances financial support for boosting and expanding consumption, and strengthens the institutional framework of the financial market to maintain stable operations. 3. Alibaba Cloud pulls out all the stops! Global data center capacity set to double. Type: Company Sentiment Impact: Positive Reportedly, based on its pioneering fully modular design architecture, Alibaba Cloud has shortened the delivery time of its large AIDC data centers to 100 days. In contrast, the traditional delivery cycle for domestic providers is 6 to 12 months, while for the U.S., it is 12 to 18 months. At the same time as shortening delivery times, the overall construction cost of Alibaba Cloud data centers has decreased by over 10%. This year, Alibaba Cloud plans to double its global capacity for modular data centers. 4. Nvidia partners with Wall Street's six major giants to raise $500 billion for AI infrastructure. Type: Industry Sentiment Impact: Positive Nvidia is seeking to partner with top financial institutions in the U.S., including Blackstone and BlackRock, to raise up to $500 billion for artificial intelligence infrastructure projects. The participating institutions will form a consortium to establish a specialized investment fund, with the funds earmarked specifically for AI chip procurement, power generation, and data center construction. If the deal materializes, it will rank among the largest financing actions in Wall Street's history. Investment Calendar Global Solid-State Battery Annual Summit Investment Insight We often overestimate our understanding of the world while underestimating the randomness present in events. - Daniel Kahneman, "Thinking, Fast and Slow" Institutional Views 1. Zhongtai: After a global AI rebound, there are significant long-short divergences; the market remains in a complex bottoming phase and could still hit new highs for the year. 2. Huajin Securities: During a bull market, after short-term adjustments, technology sectors with high prosperity and policy guidance may perform relatively better. 3. Founder: The market is showing signs of shrinking volume as it approaches the annual line, with ongoing tug-of-war between bulls and bears. Positive and Negative Outlook 1. The coal industry development "14th Five-Year" plan is out, with institutions exploring layout directions. Type: Policy Focus Sinolink: In the short term, pay attention to the new round of restocking around September that drives coal demand upward. In the long term, optimism about the uplift of the price center for thermal coal will lead to dual impacts on EPS and valuation; watch for structural opportunities arising from expectation discrepancies. 2. Does Doubaos recommended hotel charge a 12% commission? AI assistants begin to charge tolls. Type: Institutional Hot Comment Huaxin Securities: AI applications will usher in a "golden year" in 2026, with gradual maturity of technology. Many large models now possess strong tool invocation, multimodal understanding, and autonomous planning capabilities, leading to a market demand resonance, from reducing costs and increasing efficiency on the B-side to widespread adoption on the C-side. 3. Net profit surges 715 times! Storage leader Shenzhen Longsys Electronics made over 10.5 billion in profit in the first half of the year. Type: Market Discussion EB SECURITIES: With the impact of the AI wave, storage chips are experiencing unprecedented prosperity, especially as the supply of HBM chips has severely lagged behind demand. Under the influence of massive demand, storage chip prices continue to rise. Announcement Dispatch Positive Announcements 1. Chip Alliance Integration: Net profit of 278 million yuan in the first half of 2026, turning losses into profits. 2. Guolian Minsheng: Plans to repurchase 100 million to 200 million yuan of the company's A-shares. 3. Ningbo Shanshan: Haicui Group increased capital by 4.998 billion yuan, becoming an indirect controlling shareholder. Negative Announcements 1. Jiangsu Changling Hydraulic Co., Ltd: Shareholders plan to collectively reduce their holdings by no more than 3% of the company's shares. 2. Sansure Biotech Inc.: Some shares of shareholders holding over 5% are subject to judicial enforcement. 3. Tech-bank Food: Subsidiary Jiande Nongfa has been ruled for bankruptcy restructuring. Overseas Market Zhixiaoguo reminder: As the outside world increasingly doubts whether the U.S. and Iran can reach a lasting resolution to the conflict in the short term, the three major indices collectively declined. The optical communication sector opened high but fell low, with Coherent dropping over 14%; the storage sector had mixed results, with SanDisk rising over 2% and SK Hynix falling over 1%; the Nasdaq Golden Dragon China Index rose by 1.65%, with most popular Chinese concept stocks gaining ground. This article is reprinted from "Tencent Self-Selected Stocks," GMTEight edited by Feng Qiuyi.