JiShi Media(SH:601929) 证券时报·2025-08-21 09:10Core Viewpoint - The A-share market experienced strong fluctuations, with the Shanghai Composite Index nearing a 10-year high, while the Hong Kong market showed weakness, particularly in technology stocks [1][2]. Market Performance - The Shanghai Composite Index closed up 0.13% at 3771.1 points, while the Shenzhen Component fell 0.06% to 11919.76 points, and the ChiNext Index dropped 0.47% to 2595.47 points [2]. - The total trading volume in the Shanghai and Shenzhen markets reached 246.08 billion yuan, a slight increase from the previous day [2]. - Over 3000 stocks in the market were in the red, with the semiconductor sector declining significantly, including Dongxin Co., which fell over 12% [2][4]. Sector Highlights - The domestic software sector saw a strong rally, with stocks like Beixin Source hitting a 20% limit up, and ZTE Corporation also performing well with a rise of over 6% [4][6]. - Resource stocks, including oil, electricity, coal, and gas, experienced a collective surge, with companies like Zhun Oil and Anyuan Coal reaching their daily limit [2]. AI Industry Trends - The AI industry chain stocks faced a downturn, with companies like Huaguang New Material and Tongfei Co. dropping over 10%, and several others hitting the daily limit down [9][10]. - The rapid growth in AI applications is highlighted by a significant increase in daily Token consumption, which rose from 1 trillion to over 30 trillion in just 1.5 years, indicating a booming AI application scale [6][7]. Notable Stock Movements - Jishi Media experienced a dramatic trading session, initially hitting a limit down before rebounding to close at a limit up, marking its eighth limit up in 14 trading days [13][12]. - Jin Tian Co. and Tenglong Co. issued warnings about their stock performance, indicating that their recent price increases may not reflect fundamental changes in their business [11][15].