Jing Ji Ri Bao·2025-09-04 22:00Group 1 - The recent surge in Cambricon's stock price, surpassing Kweichow Moutai, highlights a shift in economic growth dynamics and capital market narratives, emphasizing the impact of innovation-driven development [1] - The transition from traditional industries to emerging sectors like artificial intelligence, semiconductors, and new energy is accelerating, with significant investment opportunities arising from this shift [1][2] - The performance of the technology sector in the A-share market has been notable, with companies like Cambricon attracting substantial attention and investment due to their growth potential and innovation capabilities [2] Group 2 - The narrative in the capital market is increasingly focused on technology, with significant growth in sectors such as new energy vehicles and consumer electronics, indicating a shift in investor preferences towards high-growth technology firms [2] - Investors are redefining value, placing greater emphasis on future growth potential and R&D investment rather than just current profitability, as seen in the case of Cambricon [2][3] - The interplay between capital markets and technological innovation is fostering the emergence of strategic new industries, enhancing the overall competitiveness and attractiveness of the market [3]