A股怎么敢炒新能源了？

Core Viewpoint - The A-share market is experiencing fluctuations with capital shifting between sectors, particularly between AI computing power and new energy sectors [1][2][3]. Group 1: AI Computing Power - The recent surge in AI computing power stocks is driven by unexpected advancements in application and computing power industries, leading to a significant increase in capital expenditure from major cloud service providers like Meta, Google, and AWS [6][7]. - Companies in the AI computing power supply chain, such as Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, reported substantial profit growth in the first half of 2025, with net profits increasing by 69.40%, 355.68%, and 37.46% respectively [7]. - Despite the high expectations, the AI computing power sector has seen a decline in stock prices following the announcement of significant investments by Meta, indicating that the market may have fully priced in these expectations [10][11]. Group 2: New Energy Sector - The new energy sector, particularly solid-state batteries and energy storage, is experiencing renewed interest due to potential demand growth and supportive government policies aimed at reducing overcapacity [12][13]. - Solid-state batteries are gaining attention for their safety and performance advantages, with companies like Qian Dao Intelligent and Yiwei Lithium Energy making significant advancements and securing orders for production lines [13][14]. - The energy storage market has seen record-high orders, with a reported 25.8 GW and 69.4 GWh of systems and EPC orders in August 2025, indicating strong domestic demand and a shift towards independent energy storage business models [15][16]. Group 3: Market Dynamics - The market is currently in a phase of "high-cut low," where funds are moving towards sectors with less growth potential, such as new energy, due to a lack of new stories or expectations in the AI computing power sector [10][11]. - The new energy sector's recovery is contingent on the successful implementation of policies aimed at reducing supply chain pressures, particularly in the silicon material segment of the photovoltaic industry [18][19][20]. - The solid-state battery and energy storage sectors are expected to continue to attract investment, while the photovoltaic sector awaits clearer policy directions to confirm supply-demand balance [21][22].