盘中又有消息！但芯片一些风险要注意了

Group 1 - The semiconductor ETFs experienced significant gains, with the chip leader ETF rising by 5% and the semiconductor equipment ETF soaring by 8% due to rumors about a domestically developed EUV lithography machine expected to enter trial production in Q3 2025 and achieve mass production in 2026 [1] - The current PE valuation of the chip index has reached 143 times, placing it in the 99th percentile, the highest level since the index's inception, even surpassing the peak in 2021 [2][4] - The PB valuation of the chip index stands at 7.46 times, which is in the 83.71 percentile, indicating that while it is not as high as the PE valuation, it is still at a historically elevated level [4] Group 2 - Despite the high valuations, many investors remain cautious due to past experiences with high-valuation sectors like liquor, healthcare, and new energy, where significant losses were incurred despite stable profit growth [6][9] - Companies like Kweichow Moutai and CATL have seen their PE valuations drop significantly, with Moutai's PE decreasing from 70 times to 20 times, while CATL's dropped from 160 times to 29 times, highlighting the impact of valuation on stock performance [8][11] - The trend model strategy is proposed as a solution for navigating high-valuation environments, allowing investors to hold onto stocks as long as they maintain an upward trend, thus avoiding significant losses during market downturns [14][17] Group 3 - Alibaba announced a significant investment of 380 billion in AI infrastructure and a partnership with NVIDIA, leading to a 10% increase in its stock price, although it still needs to rise 40% to reach its previous high [19] - The ongoing investment in new energy by China contrasts with the U.S. approach, which may lead to China dominating the global new energy sector in the future [19]