券商中国·2025-08-28 04:14Core Viewpoint - The article highlights the significant rise in stock prices of SMIC and Cambricon, both reaching historical highs, amidst a strong interest in the AI sector on the STAR Market [1][2][4]. Group 1: Stock Performance - SMIC's stock price surged nearly 15%, contributing over 17 points to the STAR Market's gains [2]. - Cambricon's stock rose over 8%, surpassing the price of Kweichow Moutai, with a total market capitalization exceeding 610 billion yuan [4][6]. Group 2: Market Dynamics - The influx of capital into the AI sector is expected to continue as the market capitalization of key companies increases, attracting passive ETF allocations [1]. - Despite the strong performance of major stocks, there is a warning about a potential deterioration in trading structure, with over 3,700 stocks declining in value [6][7]. Group 3: Future Outlook - Analysts suggest that while the current market dynamics appear to be driven by a short-term surge, caution is advised regarding the potential for a reversal in market sentiment and the stability of trading structures [7][8]. - The TMT sector's trading volume has increased significantly, nearing historical highs, indicating a concentrated investment trend that may not be sustainable [8].