A-share Pre-Market Briefing | US stocks in storage, optical communication and other AI concepts soar; cloud service leaders surge.

Pre-Market News 1. U.S. three major indices mixed, AI concepts like storage and optical communication surge, leading cloud service providers see significant gains Type: Market Sentiment Impact: Positive The three major U.S. stock indices showed mixed results, with AI concept stocks soaring. In the storage chip sector, SK Hynix rose over 9%, SanDisk increased by more than 5%, and Western Digital rose over 3%. Due to booming demand for computing power, AI cloud service leader Nebius reported a staggering 454% year-on-year increase in Q2 revenue, with its stock price rising over 34%, and CoreWeave gained over 19%. In the optical communication sector, Lumentum rose over 13% and Coherent increased over 8%. In the morning, the Korean KOSPI index rose by 3.38%, with Samsung Electronics up 4%, and SK Hynix up 5%. 2. DeepSeek V4 Pro official API launched, significantly enhancing Agent capabilities Type: Industry Sentiment Impact: Positive It is reported that the official version of DeepSeek V4 Pro has been updated to API, significantly enhancing Agent capabilities with support for Responses API and Codex integration. Benchmark tests for the official version show a score of 87.9 in terminal Agent testing (Terminal Bench), nearing the Fable 5 score of 88.0. Netizens claiming to participate in the beta test have expressed a willingness to call DeepSeek Harness "the strongest in the universe." 3. Major statement from the central bank! Related to monetary policy, exchange rates, etc. Type: Macro Sentiment Impact: Positive The central bank released the China Monetary Policy Implementation Report for Q2 2026, explicitly stating that in the next phase, the People's Bank of China will fully leverage the effectiveness of existing policies, timely plan and introduce practical incremental policies, increase counter-cyclical adjustments, strengthen domestic demand, optimize supply, and ensure the correct force, rhythm, and timing of policy implementation. 4. Good news! Core inflation in the U.S. showed mild performance in July, sharply reducing the expectation of Fed interest rate hikes Type: Macro Sentiment Impact: Positive According to the U.S. Bureau of Labor Statistics, the CPI in July rose 3.4% year-on-year, slightly down from 3.5% in June, marking the lowest level since March. The year-on-year growth rate of core CPI narrowed from 2.6% to 2.5%. The interest rate swap market shows that after the economic data was released, current market pricing indicates a roughly 50% probability for a rate hike in September. Traders reduced the expectation of an October rate hike from about 75% a day earlier to approximately 60%. Investment Calendar Digital Logistics and Supply Chain Conference Investment Tips Investing is sometimes connected with luck, especially for long-term investments, where eventual success depends, in some sense, on the fate of the nation. Ben Ban "The Rose of Time" Institutional Views 1. HuLONG Securities: Currently, some positive factors supporting market rebound continue to exist, which will help stabilize and rebound the market. 2. Soochow: As the mid-year earnings reporting period approaches, core technology sector performances will drive the sector back into an upward channel. 3. Zheshang: The market may have already shaken off the previous rapid adjustment's gloom and has overall entered a "mid-level rebound" rhythm. Positive and Negative Outlook 1. Tencent's capital expenditure exceeded 80 billion yuan in the first half of the year, a year-on-year increase of 82%, with significant growth in computing power procurement Type: Market Discussion Huayuan Securities: The iteration of large AI models, large-scale construction of intelligent computing centers, and comprehensive penetration of edge intelligent scenarios continue to drive domestic AI computing market demand. Overall, the industry shows solid profitability for leading companies, with a clear tiered growth pattern. 2. Siasun Robot & Automation has cumulatively offline approximately 18,000 units, with a global market share of 31% in the first half of 2026 Type: Institutional Commentary China Great Wall: We are firmly optimistic about the investment opportunities in the Siasun Robot & Automation sector, considering factors like value, technology path, and incremental links to capture current industry trends and seek companies with capacity, orders, and the ability to specify. 3. Samsung and SK Hynix are planning "epic" dividend buybacks, possibly exceeding $140 billion Type: Market Discussion Aijian Securities: The domestic storage chip industry chain will welcome a historic development opportunity. Specific segments of the industry chain include storage chip modules, storage chip packaging and testing, storage chip manufacturing, and upstream related equipment materials. Announcement Digest Moderately Positive Announcements 1. Contemporary Amperex Technology: Plans to subscribe for a capital contribution of 2.475 billion yuan to participate in the establishment of Hainan Times Green Industry Investment Fund. 2. Ningxia Baofeng Energy Group: Net profit in the first half of 2026 reached 9.728 billion yuan, a year-on-year increase of 70.14%. 3. Yihai Kerry Arawana Holdings: Net profit in the first half of 2026 was 2.294 billion yuan, a year-on-year increase of 30.69%. Moderately Negative Announcements 1. Zhejiang Zhongjian Technology: Suspected of illegal information disclosure and has received a notice of administrative penalty from the Zhejiang Securities Regulatory Bureau. 2. Jiangsu Chuanzhiboke Education Technology: The companys stock has been heavily monitored by the Shenzhen Stock Exchange and may apply for a trading suspension for verification. 3. Changchun Zhiyuan New Energy Equipment: A person acting in concert, Wang Ran, has cumulatively reduced holdings by 5.2477 million shares. Overseas Markets The CPI has slowed as expected, weakening interest rate hike expectations. The three major indices showed mixed results, with the S&P and Nasdaq opened higher and closed higher, while the Dow fell for the third consecutive day. AI concept stocks surged, with storage chip stocks like SK Hynix rising over 9%; semiconductor equipment stocks, like Applied Materials, gained over 4%; new generation AI cloud service providers like Nebius increased over 34%; and optical communication stocks, like Lumentum, rose over 13%. This article is reprinted from "Tencent Self-Selection Stocks," edited by GMTEight: Xu Wenqiang.