Goldman Sachs(US:GS) Hu Xiu·2025-11-06 14:21Market Performance - On November 6, the market showed strong fluctuations throughout the day, with the Shanghai Composite Index rising nearly 1% to reclaim the 4000-point mark [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.06 trillion yuan, an increase of 182.9 billion yuan compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index increased by 0.97%, the Shenzhen Component Index rose by 1.73%, and the ChiNext Index gained 1.84% [1] Sector Performance - The top-performing sectors included phosphoric chemicals, non-ferrous metals, domestic chips, and smart grids, with significant gains noted in these areas [2] - Specific sector performances over the past week showed fluctuations, with phosphoric chemicals and smart grids consistently appearing among the top gainers [2] Investment Insights - David Solomon, CEO of Goldman Sachs, warned investors that the stock market will not rise in a straight line, and many may be disappointed in the next one to two years [4] - Solomon expressed optimism about artificial intelligence (AI), noting that significant investments are flowing into AI applications, which have driven up stock prices for companies like Nvidia, Microsoft, and Alphabet [4] - Historical patterns indicate that new technologies often lead to inflated market performances before a correction occurs, as seen during the internet bubble [4][5]