6月市场数据及重点事件分析 | 投研报告

Group 1 - The core viewpoint of the report indicates that the computer industry is experiencing significant events, including Nvidia reclaiming the title of the world's most valuable company and the launch of Huawei's Cloud Pangu Model 5.5, while Apple's WWDC 2025 did not meet market expectations [1][2] - The computer industry index's strong performance this week is attributed to a unique timing factor, as historically, the computer industry tends to underperform in July, and current conditions do not sufficiently indicate a mid-term trend [1][2] - The report maintains an "overweight" investment rating for the computer industry, suggesting continued observation of market performance in early July to determine the nature of the end-of-month market [2] Group 2 - The report notes that the investment enthusiasm for the computer industry is gradually declining, with market focus shifting towards traditional industries, making it difficult for the computer sector to achieve an independent market trend in June [2] - From June 23 to June 27, the computer industry's performance exceeded expectations, contrasting with the overall trend observed throughout June [2] - Risk factors identified include the possibility of macroeconomic stimulus policies falling short of expectations, targeted measures from foreign countries against China, and the potential escalation of the US-China tariff war [2]