春节长假结束，3个消息来了！不出意外的话，节后A股不平静了

Group 1 - The A-share market is facing a complex atmosphere post-Spring Festival, influenced by three significant news items from different sectors [1][4] - Historical data shows a high probability of A-shares rising after the Spring Festival, but this year’s expectations may be challenged due to the current market conditions [2][16] - The three news items include developments in AI, commercial space, and storage chips, which collectively impact the market sentiment and expectations for post-holiday trading [4][19] Group 2 - The first news item concerns the AI sector, specifically the company Zhipu, which issued an apology regarding issues with its paid programming service "GLM Coding Plan" following the release of its new model GLM-5 [5][6] - Zhipu's stock price surged by 42.72% on February 20, reaching a market capitalization of over 320 billion HKD, creating a valuation gap with A-share AI companies that may face pressure upon reopening [9][19] - The second news item involves NASA's announcement of a delay in the "Artemis 2" manned lunar mission due to technical issues, which dampens enthusiasm for commercial space stocks that had previously driven market gains [10][12] Group 3 - The third news item highlights SK Hynix's statement that the storage chip industry has entered a "seller's market," driven by strong AI demand and limited supply growth [13][14] - SK Hynix reported that its DRAM and NAND inventory is at a historical low of about four weeks, with expectations of continued price increases throughout 2026 [15][19] - The combination of these three news items alters the trading environment for A-shares, shifting focus from speculative trading to fundamental performance verification as the market approaches the annual report disclosure period in March [19][20]