双轮驱动等爆发：新消费大放异彩+新科技迎头赶上，中期如何布局？

Market Overview - The A-share market saw all three major indices rise, with the ChiNext Index leading at 1.11%, followed by the Shenzhen Component Index at 0.87% and the Shanghai Composite Index at 0.42%. The total trading volume reached 1.15 trillion yuan, a slight increase of 116 billion yuan from the previous trading day, indicating a focus on existing capital rather than new inflows [3][4]. Sector Performance - The market exhibited a dual-driven rotation between consumption and technology sectors. Key highlights include: - The consumer sector experienced a significant surge, with notable performances in gold and jewelry, beauty care, food and beverage, and oral tobacco, driven by the upcoming 618 shopping festival and supportive policies [4]. - The AI hardware sector rebounded, with companies like Taicheng Technology and Xinyi Technology seeing gains due to increased demand for computing power following Nvidia's GB200 supply chain orders [4]. - The solid-state battery concept gained traction, with companies like CATL and Changan Technology benefiting from production expectations [4]. Investment Opportunities - The consumer sector is expected to maintain momentum due to strong pre-sale data for the 618 shopping festival, with year-on-year increases of 65% in gold and beauty products [9]. - The AI hardware sector is also poised for growth, with an upward revision of demand for 800G optical modules to 2.5 million units [9]. - The solid-state battery technology is advancing, with companies like CATL and Ganfeng Lithium accelerating their industrialization efforts [9]. - The rare earth sector is experiencing price increases due to strategic resource management and anticipated demand from humanoid robots, with prices for neodymium oxide rising by 8% week-on-week [9]. Market Sentiment and Strategy - The market is currently in a transitional phase, with structural opportunities present but caution is advised due to rapid rotation among sectors [15]. - Short-term focus should be on the June 5th data from JD.com's 618 beauty pre-sales and Ganfeng Lithium's solid-state battery technology conference [12]. - Mid-term attention is warranted for the U.S. non-farm payroll data on June 7th, which may impact market sentiment [13]. - A balanced investment strategy is recommended, allocating 60% to consumer stocks and 30% to technology, while avoiding purely speculative stocks [14].