Sou Hu Cai Jing·2025-09-21 21:48Group 1 - The core point of the article highlights the significant inflow of over 2 billion yuan into SMIC, making it the top stock in net financing purchases, which subsequently led to a nearly 12% increase in its stock price [1][3] - The overall market situation shows that leveraged funds are active, with nearly 2,000 stocks receiving net purchases, and over 1,100 stocks having net purchases exceeding 10 million yuan, while around 200 stocks surpassed 100 million yuan [3] - SMIC's strong performance is attributed to the favorable policies in the semiconductor industry, increasing demand for AI chips, and a recovery in consumer electronics orders, positioning it as a leader in domestic chip manufacturing [3][4] Group 2 - The article contrasts the stocks that experienced net selling, such as Zhongji Xuchuang and Zijin Mining, indicating that funds are reallocating towards more stable investments in hard technology leaders, major financial institutions, and top companies in the new energy sector [4] - The article warns ordinary investors against blindly following the significant purchase of SMIC shares without understanding the underlying long-term logic of the semiconductor industry [4] - The future stability of leveraged funds in hard technology leaders like SMIC will depend on the industry's fundamentals, including order increases and technological breakthroughs [4]