Cambricon(SH:688256) 天天基金网·2025-08-12 11:24Core Viewpoint - The A-share market continues to rise, with the semiconductor and AI chip sectors leading the gains, indicating a strong market sentiment and potential for further upward movement in the near term [1][2][4]. Group 1: Market Performance - The three major A-share indices have seen continuous gains, with the Shanghai Composite Index achieving a seven-day winning streak, approaching the previous high of 3674 points from October last year [2][4]. - The total trading volume in the two markets reached nearly 1.9 trillion yuan, with sectors such as semiconductors, brokerage firms, and consumer electronics leading the charge, while new energy and photovoltaic sectors experienced a pullback [4]. - Analysts predict that the market will continue to rise, with a strong possibility of breaking through the 3674-point level and even the 3731-point high from 2021 [4]. Group 2: Key Developments in Technology Sector - The stock of Cambrian (寒武纪) surged to its daily limit, reaching a historical high, driven by positive news in the semiconductor and AI sectors, particularly the anticipated release of DeepSeek-R2 [5][8]. - The Guangzhou government has announced measures to enhance investment in key digital service sectors, including blockchain and AI, which is expected to further stimulate the local tech industry [5]. - The expected release window for DeepSeek-R2 has been pushed to August 15-30, 2025, which has generated significant market interest [6][8]. Group 3: Policy and Economic Factors - The U.S. has announced a 90-day extension of the tariff truce with China, which is seen as a positive signal for the market, particularly benefiting sensitive sectors like chips and AI hardware [10]. - As of August 11, the total margin financing balance across both exchanges has surpassed 2 trillion yuan for the first time in ten years, indicating increased market activity and investor confidence [11][15]. - The current margin financing balance is still below the peak levels seen in 2015, suggesting that while trading is active, it has not reached excessive speculative levels [15]. Group 4: Investment Opportunities - The AI sector is expected to remain a focal point for investment, with analysts suggesting that the market is poised for a resurgence in AI-related stocks due to ongoing developments and favorable policies [25][30]. - The semiconductor sector has historically performed well during market uptrends, reinforcing the long-term investment thesis for this industry [29]. - There are specific funds recommended for investment in technology and finance sectors, reflecting the growing interest in these areas [23][39].