兴证策略张启尧团队：2月即将迎来产业密集催化期

Group 1 - February is entering a period of intensive industrial catalysts, particularly in the AI application field, with significant activities from major tech companies and startups [1][9] - Major tech giants like Tencent and Baidu are participating in the "red envelope war" during the Spring Festival, while DeepSeek-V4 is expected to be released around this time [1][9] - Internationally, AI developments include upgrades to large language models like Grok and Siri, and Tesla's potential release of the Optimus V3 production model [1][9] Group 2 - Other sectors such as solid-state batteries and commercial aerospace are also expected to see industrial catalysts in February [2][10] - Historically, February is a period of basic market activity, with liquidity being abundant, leading to a favorable environment for small-cap, growth, and thematic stocks [3][11] - February is noted as one of the months with the highest win rates for major indices throughout the year, indicating a potential for significant market movements [3][11] Group 3 - The market is expected to shift focus back to themes that had previously cooled down, particularly AI applications, the "Musk theme" (commercial aerospace, humanoid robots, smart driving), and narratives around electricity shortages [6][14] - The upcoming financial reports from major companies like Google, Amazon, and AMD in early February, along with shareholder meetings from Apple and Nvidia at the end of the month, are anticipated to influence market sentiment [1][9]