| | | | [] Palantir 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 × 1年:日K 。 | | ■示。◎ ■ @ VS FID ■ | | | --- | --- | --- | --- | --- | --- | --- | | | | のののののので日のといたいないとののののの | | | | 45 17 | | | 盘前总额 251.43万 | 盘前总量 1.52万 | 最高价 165.700 | 最低价 164,410 | | ののG 、 阿分時間 | | 165,700 | | | | | | 12.14% | | 164.579 | | | | | | 11.38% | | 163.457 | | | | | | 10.62% | | 162.336 | | | | | | 9,86% | | 161.215 | | | | | | 9,11% | | 160.094 | | | | | | 8.35% | | 158.973 | | | | | | 7.59% | | 157,851 | | | | | | 6.83% | | 156.73 ...

1月29日早盘，沪指盘中窄幅震荡，创业板指冲高回落，科创50指数弱势下探，A股市场超2800股飘 绿。 截至午间收盘，沪指跌0.1%，深证成指微涨，创业板指微跌0.05%，科创50指数跌1.52%，沪深北三市 合计成交约2.03万亿元。 盘面上看，半导体、券商、医药、军工等板块走低，传媒、地产、石油、有色、酿酒、保险、银行等板 块拉升，AI应用概念、稀土概念等活跃。 中银证券认为，短期来看，春躁行情运行至高位震荡与预期分化阶段，结构分化或有增加。目前市场对 扩内需政策及遏制行业"内卷"的供给侧政策抱有期待，周期股的阶段性催化依旧。但需注意短期监管降 温带来的ETF及杠杆资金增量边际走弱对市场的影响。节前市场或进入震荡博弈阶段，重点关注业绩主 线。 ...

Core Viewpoint - The rapid rise of AI applications in various sectors, driven by major companies like ByteDance and Alibaba, has positioned AI as a central theme in the capital market, with significant stock price increases for leading firms in the space [1] Group 1: AI Market Dynamics - Since 2026, AI technology has accelerated its penetration across various scenarios, leading to a shift in market expectations from "computing power infrastructure competition" to "application landing realization" [1] - The current AI application boom is not coincidental; it follows three years of capital frenzy in the AI hardware industry, indicating a strategic shift in investment logic [1] - Companies are actively seizing the "application landing realization" window, exemplified by Beijing Deepen Intelligent Technology Co., Ltd. (Deepen Intelligent) initiating its listing process in Hong Kong [1][2] Group 2: Deepen Intelligent's Market Position - Deepen Intelligent ranks first in China's marketing and sales decision AI application market with a market share of 2.6% based on 2024 revenue [2][9] - The company has experienced significant revenue fluctuations, with reported revenues of approximately 543 million, 611 million, and 538 million RMB for 2022, 2023, and 2024 respectively [2][7] - In the first half of 2025, Deepen Intelligent's revenue reached 277 million RMB, reflecting a year-on-year growth of 5.73% [2][8] Group 3: Revenue Structure and Client Base - Deepen Intelligent's revenue is primarily derived from intelligent advertising and data management, with 2024 revenue contributions of 84.6% and 14.5% respectively [6] - The company has served around 530 clients, including 89 Fortune Global 500 companies, with significant revenue contributions from the FMCG and retail sectors [6][8] - The revenue concentration among top clients is high, with the top five clients accounting for 70.2% of total revenue in the first half of 2025, indicating potential risks if major clients adjust their strategies [10] Group 4: Challenges and Competitive Landscape - The marketing and sales decision AI application market is highly fragmented, with over a hundred participants, and Deepen Intelligent's market share of 2.6% indicates intense competition [9][10] - The company's reliance on a limited number of major clients poses risks, as any changes in their purchasing behavior could lead to significant revenue declines [10] - Deepen Intelligent's R&D spending has been relatively low, which may hinder its ability to innovate and maintain competitive advantages in a rapidly growing market [11] Group 5: Future Outlook - Despite current growth pressures, the marketing and sales decision AI application market is projected to grow from 203 billion RMB in 2024 to 944 billion RMB by 2029, with a CAGR of 36.5% [14] - The core challenge for Deepen Intelligent lies in converting market opportunities into sustainable growth, necessitating strategic adjustments to reduce client concentration and enhance R&D investments [15]

Group 1 - The core viewpoint of the article emphasizes a structural market trend, indicating that the recent overheating in the market is not necessarily negative, as it allows for a cooling-off period [1] - The banking, financial insurance, and oil sectors have shown defensive characteristics during market panic, suggesting that risks remain manageable [1] - The commercial aerospace sector has faced significant declines, highlighting the importance of avoiding volatile movements, especially when multiple stocks in the same sector hit their lower limits, triggering quantitative sell-offs [1][2] Group 2 - AI medical applications have achieved unexpected performance in the morning session but faced a pullback in the afternoon due to the weakness in the commercial aerospace sector, indicating that AI applications have not yet fully transitioned to a leading position [1] - The AI medical sector has reached a global milestone, with Baichuan-M3 scoring 65.1 points in the HealthBench evaluation, surpassing GPT-5.2, marking a significant advancement in medical AI technology [3] - The Chinese AI medical market is projected to grow from 8.8 billion yuan in 2023 to 315.7 billion yuan by 2033, with a compound annual growth rate of 43.1% [3] Group 3 - Current reports suggest that the AI medical sector is at a valuation bottom, with multiple catalysts such as national strategy guidance, surging hospital demand, and rapid product iterations creating a favorable investment window [4] - A list of companies involved in AI marketing and AI medical sectors includes notable names such as BlueFocus, Liou Co., and New Ganjing [5] - The AI transportation sector features companies like Desay SV and Zhongke Chuangda, while the AI office sector includes Kingsoft and Foxit Software [6]

Group 1 - The A-share market opened with all three major indices rising, with the Shanghai Composite Index up by 0.11% to 4169.7 points [1] - The Shenzhen Component Index increased by 0.21%, while the ChiNext Index saw a rise of 0.07% [1] - AI application concept stocks continued their upward trend, with companies like Yidian Tianxia, Tongda Hai, and Di'an Diagnosis (300244) hitting the 20% daily limit [1] Group 2 - The military equipment sector experienced a correction [1]

Group 1 - The A-share market achieved a record trading volume of 3.64 trillion yuan on January 12, surpassing the previous record of 3.49 trillion yuan set during the "924 market" [1] - The Shanghai Composite Index rose by 1.09% to 4165.29 points, while the Shenzhen Component Index increased by 1.75% to 14366.91 points, and the ChiNext Index gained 1.82% to 3388.34 points [1] - The trading volume increased by 492.2 billion yuan compared to the previous day [1] Group 2 - The AI application sector, commercial aerospace, and brain-computer interface sectors were notably active, with several stocks hitting the daily limit up [3] - Stocks such as Yidian Tianxia and Zhidema saw significant gains, with multiple stocks in the AI application sector reaching the 20% limit up [3] - The commercial aerospace sector also performed well, with companies like Xingtum Kexin and Tianyin Machinery hitting the 30% and 20% limit up, respectively [3] Group 3 - The driving force behind the A-share market's rise on January 12 was the widespread surge in AI application stocks and the ongoing momentum in commercial aerospace stocks [4] - Looking ahead to 2026, the market is expected to remain positive, with technology anticipated to be the core theme [4] - The global macroeconomic environment is favorable, with major economies showing steady growth and a low-risk outlook, while global interest rates are expected to remain low, benefiting capital markets [4]

Market Overview - The market experienced a significant rally on Monday, with all three major indices rising over 1%. The Shanghai Composite Index closed at 4165.29 points, up 1.09%, with a trading volume of 1.4462 trillion yuan. The Shenzhen Component Index closed at 14366.91 points, up 1.75%, with a trading volume of 2.1552 trillion yuan. The ChiNext Index closed at 3388.34 points, up 1.82%, with a trading volume of 1.0962 trillion yuan [1]. Sector Performance - The industry sectors showed a broad-based increase, with notable gains in software development, internet services, cultural media, aerospace, gaming, communication equipment, computer devices, education, and shipbuilding. Conversely, the insurance sector weakened against the trend [1]. - AI application concepts saw a significant surge, with stocks like Ingrity Media achieving five consecutive trading limits. Other companies such as Liou Co., Meian Health, and Tianxia Show also experienced consecutive gains. The commercial aerospace sector remained strong, with Jin Feng Technology achieving five consecutive trading limits [2]. Institutional Insights - Galaxy Securities highlighted two main investment themes: the acceleration of global changes and the shift in domestic economic logic towards new productive forces. They emphasized opportunities in technology innovation and growth sectors, particularly in AI, new energy, and quantum technology. They also noted a recovery path for manufacturing and resource sectors due to improved supply-demand structures [3]. - CITIC Securities projected an increase in economic activity in Q1 2026, driven by proactive fiscal policies and low base effects. They suggested that risk assets, especially equities with lower volatility, present better value [3]. - CITIC Jiantou expressed optimism about the continuation of the cross-year market trend, while cautioning about potential short-term technical corrections. They recommended focusing on technology and resource sectors as core investment themes for A-shares [4]. Policy Developments - Zhejiang Province is soliciting public opinions on its "14th Five-Year" new industrialization plan, which includes advancing nuclear power technologies and developing key materials in the photovoltaic and wind energy sectors. The plan aims to enhance the manufacturing of advanced nuclear power technologies and equipment, as well as innovations in hydrogen energy [5].

Market Performance - The A-share market saw a strong performance on January 9, with the Shanghai Composite Index breaking the 4100-point mark, reaching its highest level since July 2015 [1] - The trading volume in the Shanghai and Shenzhen markets reached 2.06 trillion yuan, an increase of 296.3 billion yuan compared to the previous trading day [1] - By midday, the Shanghai Composite Index was at 4095.33 points, up 0.3%, with a transaction volume of 851.4 billion yuan [1] Sector Highlights - The commercial aerospace concept stocks surged, with over ten stocks including Xinke Mobile and JuLi Sockets hitting the daily limit [1] - AI application concepts also gained traction, with stocks like Yiyuan Media and GuoXin Health seeing significant increases [1] - The controllable nuclear fusion concept continued its strong performance, with Hongxun Technology achieving three consecutive daily limits [1] - Conversely, the brain-computer interface concept saw declines, with Meihua Medical dropping over 10% [1][2] Institutional Insights - CITIC Securities predicts that the chemical industry's capital expenditure will gradually recover, suggesting investment opportunities in high-energy-consuming products like calcium carbide and caustic soda [3] - CICC notes that the monetization of Chatbots is primarily subscription-based overseas, while domestic models are free, indicating a potential shift in business models in the future [3] - CITIC JianTou highlights the white liquor industry's cyclical bottoming phase, suggesting a potential investment opportunity as the market approaches the Spring Festival [3] Economic Indicators - In December, the Consumer Price Index (CPI) rose by 0.2% month-on-month and 0.8% year-on-year, driven by increased consumer demand [4] - The Producer Price Index (PPI) saw a month-on-month increase of 0.2% but a year-on-year decrease of 1.9%, influenced by international commodity prices and domestic capacity management policies [4] Policy Developments - Five departments, including the Ministry of Industry and Information Technology, issued guidelines to promote the construction and application of industrial green microgrids, aiming for a renewable energy self-consumption rate of at least 60% [5] - The Shanghai government plans to boost the advertising industry's revenue to over 450 billion yuan by 2028, emphasizing the integration of AI and digital advertising [6][7]

Group 1 - Tesla CEO Elon Musk criticized Waymo, stating that it never had a chance against Tesla in the autonomous vehicle sector [3] - Waymo announced it has achieved 14 million paid Robotaxi rides this year and expects to exceed 20 million lifetime trips by year-end [3] - Waymo reported reaching a milestone of 450,000 weekly rides, with an investment firm estimating its annual revenue from Robotaxis at $200 million [4][5] Group 2 - Musk claimed that Tesla has effectively solved the issue of unsupervised Full Self-Driving (FSD) and plans to remove onboard safety monitors in its Robotaxis soon [6] - Tesla's stock showed a price increase of 1.41% to $451.45 at market close, but declined by 0.65% in after-hours trading [7]

Core Viewpoint - The A-share market continues to adjust, with all three major indices closing down, indicating a significant market correction and a shift in investor sentiment towards risk aversion [1][12]. Market Structure - The market shows a clear divergence between strong and weak sectors, with funds favoring new growth areas while abandoning traditional sectors [2][11]. - AI application stocks and certain consumer chains are performing well, indicating a shift towards sectors with high growth potential [3][6]. Sector Performance - The AI application sector is strong, with several stocks achieving independent rallies [3][4]. - The beauty and personal care sector saw late-session gains, as funds seek out high-growth opportunities in a weak market [5][6]. - Conversely, cyclical resources and energy sectors are under significant pressure, with coal and battery stocks experiencing notable declines [7][8][10]. Global Market Influence - The A-share market's adjustment is part of a broader trend, with major Asian markets also facing declines, reflecting a general cooling of global risk appetite [12][13]. - Bitcoin's significant drop serves as a risk asset indicator, suggesting a decrease in global funding risk appetite and increasing pressure on high-valuation assets [15]. Fund Flow Dynamics - There is a notable divergence in fund flows, with a significant net outflow of approximately 123.8 billion yuan, while foreign capital shows slight net inflows [16][18]. - This divergence indicates that foreign investors remain focused on long-term valuation and stable growth, while domestic investors are more concerned with short-term volatility [18]. Technical Analysis and Valuation - The Shanghai Composite Index closed at 3939.81 points, breaking below the 30-day moving average, with 3900 points identified as a critical support level [20][21]. - The current valuation of core assets, such as the CSI 300, is around 12 times earnings, which is below historical averages, suggesting limited downside potential [21][22]. Strategy Recommendations - Value and defensive investors should focus on blue-chip stocks with stable dividends, while growth investors should target sectors like AI applications and digital economy [23]. - Investors are advised to maintain appropriate positions and cash ratios, waiting for clearer signals of stabilization before increasing exposure [23][26].