突然大涨，全面爆发

Group 1 - Chip stocks have surged, with Haiguang Information rising over 17% and Cambrian increasing over 12%, while several other stocks also saw significant gains [1][3] - The Kexin 50 Index rose over 5%, and multiple chip-related ETFs increased by more than 6% [3] - The market's strong performance is attributed to the ongoing strength in AI hardware since mid-April, led by North American computing chains, and a rising risk appetite in the A-share market [4] Group 2 - Cambrian's stock price reached a historical high, with a significant increase in market capitalization, reflecting a shift in market perception towards domestic computing chains [4] - The release of DeepSeek-V3.1, which supports the next generation of domestic chips, is expected to catalyze the domestic computing ecosystem [4] - Tianpu Co. announced a stock transfer agreement with Zhonghao Xinying, a company focused on high-performance AI chips, indicating growing interest in AI chip development [5] Group 3 - Despite market fluctuations, strong buying support remains, with several stocks achieving high trading volumes, indicating concentrated market interest [6] - Morgan Stanley forecasts continued upward momentum in the Chinese stock market, driven by asset rotation and excess liquidity, potentially injecting an additional 14 trillion RMB into the market [6] - Excess savings accumulated since 2018, particularly the 5 trillion RMB formed post-2022, may lead to increased consumer and investment spending, influencing market dynamics [7]