Sou Hu Cai Jing·2025-09-17 15:45Group 1 - The semiconductor sector is experiencing a significant surge, with companies like SMIC reporting impressive revenue growth of 22% year-on-year, reaching $4.46 billion in the first half of the year [1] - Despite the positive outlook and support from major players like Tencent, there are signs that institutional investors are quietly withdrawing from the market while retail investors are chasing high prices [1][2] - The article emphasizes that during bull markets, timely stock rotation is more beneficial than holding onto stocks blindly, as retail investors often find themselves at an information disadvantage [2] Group 2 - The analysis suggests that understanding quantitative data is crucial for investors, as it reveals the true market dynamics beyond superficial trends [3] - A visual representation of market activities indicates that while stock prices may rise, there can be a dominant trend of profit-taking by smart money, suggesting that institutions are selling off shares [5][9] - Conversely, in situations where negative news arises but stock prices increase, it indicates that institutions are capitalizing on panic selling to accumulate shares [11] Group 3 - The article advises that even strong companies like SMIC can face periods of adjustment, and the operational rhythms of institutions differ significantly from those of retail investors [12] - It highlights the importance of data over emotions in investment decisions, suggesting that finding suitable analytical tools is more effective than relying on expert opinions [13]