Group 1 - The core viewpoint of the article highlights the emergence of new strong contenders in the stock market, specifically mentioning that Hanwujing's stock price has surpassed Moutai, claiming the title of the stock king [1] - The article reflects on the historical context of stock market leaders, noting that many have come and gone over the past 20 years, suggesting a cyclical nature of stock performance [1] - The performance of Hanwujing evokes memories of the so-called "Moutai curse," indicating a skepticism about the sustainability of its current success [1]

Market Overview - The A-share market continued to rise, with the Shenzhen Composite Index breaking through 12,800 points, reaching a three-year high [1][3] - Gold concept stocks experienced significant gains, with the sector's index rising nearly 4% [4] Individual Stocks - Kweichow Moutai's stock price surpassed Cambricon Technologies, reclaiming its position as the highest-priced stock in the A-share market [2][6] - The financing balance of A-shares reached 22,454.72 billion yuan, a new high in nearly 10 years, just 211.63 billion yuan short of the historical peak [2] Sector Performance - Among the sectors, comprehensive, non-ferrous metals, telecommunications, pharmaceutical biology, and retail showed the highest gains, while defense and non-bank financial sectors lagged [3] Gold Market Dynamics - Domestic gold futures prices surged, exceeding 800 yuan per gram, with an increase of over 2% [5] - Gold mining companies reported significant revenue and profit growth due to high gold prices, while downstream jewelry companies showed mixed results [5] Corporate Announcements - Kweichow Moutai announced a share buyback plan, intending to repurchase between 3 billion yuan and 3.3 billion yuan worth of shares within six months [9] - Cambricon Technologies issued a risk warning regarding its stock price and projected annual revenue of 5 billion to 7 billion yuan for 2025 [9] Hong Kong Market - The Hong Kong market also saw an upward trend, with the Hang Seng Index rising over 2% [10] - Alibaba's stock surged, with an intraday increase of over 18% [11] Medical Sector Highlights - MicroPort Medical announced significant clinical trial results for its Firehawk® stent, which could change treatment protocols for acute myocardial infarction patients [12][13]

数据显示，截至8月29日，A股市场融资余额报22454.72亿元，融券余额报158.77亿元，8月融资余额增加2744.45亿元。8月电子行业融资余额增加超780亿 元，A股市场融资净买入金额最大的股票为寒武纪-U，净卖出金额最大的股票为潞安环能。 8月29日，深市两融余额创历史新高。8月13日—8月29日，A股连续13个交易日成交额与两融余额均超2万亿元。 融资客加仓电子行业超780亿元 数据显示，截至8月29日，A股两融余额报22613.49亿元，融资余额报22454.72亿元，均创逾10年新高，深市两融余额为11020.41亿元，创历史新高；8月A 股市场融资余额增加2744.45亿元。 深市两融余额情况 具体来看，8月的21个交易日中，A股融资余额有18个交易日出现增加，其中有11个交易日融资余额增加超110亿元，仅在8月1日、8月8日、8月21日出现 减少。 8月13日—8月29日，A股连续13个交易日成交额与两融余额均超2万亿元。在A股历史上，仅有18个交易日成交额与两融余额均超2万亿元。 A股成交额与两融余额均超2万亿元交易日 | 日期 | 融资融券余额 A股成交金额 | | | --- | - ...

今天上午，A股三大股指齐涨。截至上午收盘，上证指数上涨0.12%，深证成指上涨0.11%，创业板指上涨0.55%。 有色金属、医药、消费等板块领涨。从个股成交额排行榜看，市场的焦点仍在科技龙头股上。 今天上午，市场共有9只个股成交额超100亿元，其中科技股有6只，分别为寒武纪、新易盛、中际旭创、胜宏科技、中兴通讯、工业富联。 此外，兆易创新、华工科技、海光信息、华虹公司、紫光股份等个股大涨，且上午成交额均超50亿元。 | 成交额 大单净量 | 量比榜 | 换手率 | 主力净流 三 | | --- | --- | --- | --- | | | 最新 | 金额 ◆ | 涨幅 ▶ | | 寒武纪-U | 1447.98 | 186.07 亿 | -2.98% | | 科创 688256 融 | | | | | 新易盛 | 373.30 | 144.38亿 | 4.80% | | 創 300502 融 | | | | | 中际旭创 | 381.82 | 132.26亿 | 7.58% | | 创 300308 融 | | | | | 东方财富 | 28.31 | 123.83亿 | -2.08% | | 创 300 ...

科技股的崛起某种程度上是中国科技行业进步的缩影。 近期中国股市最引人瞩目的现象，莫过于科技股的集体上扬。 9月1日，港股三大指数集体高开，阿里巴巴、百度、京东等涨幅居前，其中阿里开盘一度涨超18%。就在8月的最后一个交易日，工业富联市值一举超越比 亚迪，跻身"万亿俱乐部"。再往前，AI芯片企业寒武纪股价曾超过茅台，一度成为A股新"股王"，中芯国际股价也创历史新高。 这些标志性事件背后，几乎都离不开AI叙事。工业富联借AI服务器东风实现市值跃升，半导体板块的崛起同样源自AI算力需求的爆发。自年初DeepSeek在 全球引发热潮，到近期多只科技股接连大涨，资本市场对科技板块——尤其是AI产业链的青睐，已升至历史高位。 将时间拉长至过去十年，中国科技股的市值虽历经起伏，但整体呈向上趋势。更显著的变化在于，头部企业的科技成色不断提升，热门科技股的组成也趋于 多元，并在AI引领下变得越来越"硬"。 该如何理解这一轮价值重估？瑞银财富管理投资总监办公室(CIO)对第一财经记者表示，瑞银继续看好中国科技股，在中国科技板块中，看好领先的互联网 公司。"这一轮科技产业的核心驱动力就是AI。"长城基金基金经理刘疆告诉第一财经记者 ...

2025.09. 01 本文字数：1297，阅读时长大约3分钟 作者 | 第一 财经 李隽 被视为本轮A股行情最重要"风向标"的寒武纪（688256.SH），上周股价一度逼近1600元大关后开 始大幅震荡，9月1日早盘低开低走，盘中最大跌幅超过8%，随后买盘涌入，跌幅收窄，最终收报 1448元，跌幅2.98%，再度低于贵州茅台（600519.SH）的1467元。9月1日上午上证指数上升 0.12%，报收3862点，科创50升0.71%报收1351点，沪深京三地成交合共1.85万亿元。 寒武纪股价剧烈震荡，本轮行情的主角板块人工智能将会何去何从？市场人士对板块后续走向出现观 点差异，有乐观的投资者认为AI行情远未结束，仍是市场绝对主线，可继续深挖基础硬件、软件服 务等产业链补涨机会；也有谨慎的卖方人士提出"风格切换"，建议兑现处于历史高点的部分个股，转 向受益于"反内卷"盈利改善的板块。 慧研智投科技有限公司投资顾问李谦在接受第一财经记者采访时表示，从已披露半年报数据来看，寒 武纪的业绩增速并未完全匹配市场预期，短期估值压力显而易见。公司从去年亏损到今年大幅盈利， 本身即验证了芯片半导体行业的高景气与高弹性；叠 ...

Core Viewpoint - Alibaba is developing a new artificial intelligence chip to fill the gap left by Nvidia in the Chinese market, currently in the testing phase and compatible with Nvidia's architecture [2] Group 1: AI Chip Development - Alibaba's new AI chip aims to address a market need in China, particularly for AI inference tasks [2] - The chip is currently in the testing phase and is designed to be compatible with Nvidia's architecture [2] Group 2: Market Reactions - Shares of domestic chip manufacturer Cambricon surged, briefly surpassing Kweichow Moutai to become the new stock king in A-shares [2] - Reports indicated that Alibaba was purchasing 150,000 GPUs from Cambricon, but Alibaba Cloud denied these claims, stating that while it supports domestic supply chains, the specific procurement figure is inaccurate [2] Group 3: Financial Performance - Alibaba Group's Q1 fiscal year 2026 report showed a 10% year-over-year revenue growth after excluding the impact of sold businesses, with net profit increasing by 76%, exceeding market expectations [2] - Alibaba Cloud's revenue grew by 26% year-over-year, marking a three-year high, with AI-related product revenue achieving triple-digit year-over-year growth for eight consecutive quarters [2] - The instant retail business has seen significant results, with monthly active consumers on the Taobao app increasing by 25% year-over-year in the first three weeks of August, contributing to record highs in monthly active consumers and daily order volume for the Chinese e-commerce group [2]

Group 1 - Alibaba Cloud denies rumors of purchasing 150,000 GPUs from Cambricon, confirming support for domestic supply chains [2] - Huawei's rotating chairman states that the HarmonyOS ecosystem has made significant progress, with major internet applications now compatible and widespread use in various industries [6] - China Telecom and Alibaba signed a strategic cooperation agreement to collaborate on cloud and AI infrastructure, new service industries, and digital solutions for Chinese enterprises going global [6] Group 2 - New national standards for electric bicycles will be implemented on September 1, requiring improvements in braking performance and limiting the weight of lithium battery models to 55 kg [8] - Guangzhou has suspended the implementation of the automobile replacement subsidy policy, effective from August 30, 2025, while the new energy vehicle market continues to show high growth [9] - The semi-annual performance report indicates that the new energy vehicle sector has seen over 30% growth in net profits, with significant increases in revenue across various industries [9]

Core Viewpoint - The competition for the title of the highest-priced stock in the A-share market has intensified between Kweichow Moutai and Cambricon Technologies, with Moutai reclaiming its position as of September 1, 2023 [1] Group 1: Stock Performance - On September 1, Kweichow Moutai's stock price reached 1467.39 yuan per share, surpassing Cambricon's 1447.98 yuan per share [1] - Cambricon's stock price had previously surged by 15.73% on August 28, closing at 1587.91 yuan per share, temporarily overtaking Moutai [1] - The competition has drawn significant attention, as both companies are currently the only two stocks priced over 1000 yuan in the A-share market [1] Group 2: Company Announcements - On August 29, Kweichow Moutai announced plans for a share buyback and disclosed that its controlling shareholder, Moutai Group, intends to increase its stake in the company by investing between 3 billion yuan and 3.3 billion yuan over the next six months [1] - Cambricon issued a risk warning on August 28, indicating that its stock price might be detached from its fundamental performance, urging investors to be cautious [1] Group 3: Market Reactions - Following a rumor about Alibaba Cloud's potential purchase of 150,000 Cambricon GPUs, the stock price of Cambricon experienced a sharp decline on September 1 after the rumor was denied by Alibaba Cloud representatives [1]

目标价再度被拔高！ 今天早上七点，署名为"高盛"（Goldman Sachs）的研报在市场流传。该研报指出，仍对寒武纪持积极态度，上调12个月 目标价14.7%至2104元/股(隐含2030年预期市盈率为45倍)。这是高盛时隔一周左右第二次上调寒武纪目标价。 报告指出，中国云资本支出处于扩张阶段。阿里巴巴2025年第二季度资本支出达到390亿元(约54亿美元)，环比增长 57%，同比增长2倍；腾讯2025年第二季度资本支出同比增长119%，表现好于预期。 支持性AI政策持续。 据相关指导文件 ，设定目标到2027/2030年，在科技、工业、消费、福利、治理和全球合作等六大 关键领域，新一代智能终端和AI代理的渗透率达到70%+/90%+的水平，强调旨在赋能AI设备并提高效率的行动计划。 上周，寒武纪发布风险提示公告称，公司未有新产品发布计划，近期网上传播的关于公司新产品情况的信息，均为误导 市场的不实信息。公司市盈率、市净率显著高于行业水平。 另外，值得注意的是，阿里巴巴发布中报之后，人工智能热度再度飙升。而针对阿里云采购一事，据《科创板日报》报 道，阿里云确实一云多芯支持国产供应链，但传言阿里采购寒武纪15 ...