Group 1 - The core view is that the A-share market is currently in a "mixed bull" phase, transitioning from a technology-driven structure bull market to a comprehensive bull market, with a focus on cyclical blue-chip stocks and large-cap styles [4] - A-shares are experiencing a mid-term upward trend, driven by domestic capital inflows, with a recommendation to adopt an optimized "barbell strategy" to balance high-dividend stocks and more elastic varieties [2][6] - The domestic GPU company, Moore Threads, is set to go public, indicating a significant opportunity in the domestic computing chip market due to technological breakthroughs and replacement demand [10][13] Group 2 - Resident funds are steadily entering the A-share market, with a net inflow of 4.449 billion yuan in August 2025, representing 0.93% of the circulating market value [6] - The domestic AI server chip procurement ratio is expected to decrease from 63% to 42% by 2025, indicating a growing domestic replacement space in the advanced process sector [10] - The humanoid robot industry is experiencing rapid growth, with an average growth rate of 50% to 100% among domestic companies, and significant market potential is anticipated [16][18]
这是一轮“混合牛”！ 国产GPU摩尔线程上会
天天基金网·2025-09-28 01:50