“申”度解盘 | A股市场小幅震荡走高，科技股呈现盘整走势

Core Viewpoint - The A-share market shows stabilization in the pharmaceutical and consumer sectors, while the technology and financial sectors are experiencing fluctuations [6]. Market Overview - This week, the commercial aerospace sector within technology stocks attracted market attention, with reports indicating that SpaceX is preparing for a potential IPO in 2026, which may fund the development of advanced projects like space data centers. The domestic commercial aerospace industry is also seeing rapid advancements, particularly in reusable rocket tests and the construction of satellite internet constellations, with significant progress expected by the second half of 2025 [7]. - The AI sector in the A-share market experienced fluctuations, influenced by significant declines in U.S. tech stocks such as Oracle and Broadcom due to concerns over delayed data center construction and negative cash flow. However, a rebound occurred following better-than-expected earnings from Micron Technology. Notably, stocks related to liquid cooling and fiber optics within the AI sector performed well, and Ant Group announced an upgrade to its AI health application, enhancing its service offerings [8]. Market Outlook - As the year-end approaches, the A-share market is expected to maintain a range-bound fluctuation, with strong support near the recent low points observed on November 24. Insurance capital allocation is also providing support to the stock market, as evidenced by a rapid rise in the Shanghai and Shenzhen indices on Tuesday afternoon. The latest data from December 18 indicates a net inflow of over 11 billion yuan into the A500 ETF. Looking ahead to next year, the trends in AI and commercial aerospace industries are likely to remain robust, and investors are encouraged to monitor domestic and international industry information for potential investment opportunities in various technology sub-sectors [9].