华龙证券华龙内参2024年第107期，总第1666期（电子版）

Market Analysis - The market is currently experiencing a phase of adjustment, with major indices showing slight declines. The Shanghai Composite Index closed at 3028.92 points, down 0.28%, while the Shenzhen Component Index fell by 0.69% to 9206.24 points [7][9]. - The trading volume in the Shanghai and Shenzhen markets reached 752.5 billion, an increase of 60.5 billion compared to the previous trading day, indicating heightened market activity despite the overall downward trend [8]. Sector Performance - The sectors showing strong performance include newly listed stocks on the Sci-Tech Innovation Board, semiconductor, AI mobile phones, and humanoid robots, with significant gains observed in stocks like 康希通信 and 斯菱股份, both hitting the daily limit [2][3][12]. - Conversely, sectors such as pork, fertilizers, pharmaceutical commerce, and agriculture have seen declines, reflecting a mixed market sentiment [3][5]. Humanoid Robots Industry - The year 2024 is projected to be a pivotal year for the humanoid robot industry, with significant investments from tech giants expected to drive breakthroughs and large-scale applications. The commercialization of humanoid robots is anticipated to create a new emerging industry with substantial market potential [12][25]. - Starting from the second half of 2024, companies like Tesla are expected to lead the way in the humanoid robot sector, with hardware developments and market share dynamics becoming clearer, which may catalyze investment opportunities [12][25]. DRAM Market Insights - The DRAM market is entering a "super cycle" of supply-demand imbalance, with a projected supply gap of 23% for standard DRAM in the coming year. This situation is expected to lead to significant price increases, with forecasts for price hikes adjusted to 13% for DRAM and 20% for NAND chips in the third quarter of this year [27]. - The niche storage chip market, particularly for 4Gb DDR4 and below, is anticipated to benefit from this supply-demand shift, marking the beginning of an upward cycle for the sector [27].