Market Overview - A-shares experienced a strong upward trend with over 2,700 stocks rising, and the market turnover reached 2.2 trillion yuan, surpassing 2 trillion yuan for the first time in 114 trading days [1] - The Shanghai Composite Index rose by 0.48%, while the Shenzhen Component Index increased by 1.76%, and the ChiNext Index surged by 3.62% [1] Key Drivers of Market Strength - CPI data reinforced expectations for a Federal Reserve interest rate cut, leading to gains in major U.S. indices, with the Nasdaq and S&P reaching new highs [2] - Continuous foreign investment in Chinese assets, with a net inflow of $5.04 million into ETFs related to Chinese assets listed in the U.S. [2] - Recent policies from the Ministry of Finance aimed at boosting consumer loans and service industry loans are expected to stimulate demand and supply [2] - The computing power industry chain is seeing policy catalysts, with several regions announcing supportive measures and companies reporting significant earnings growth [2] Sector Performance - The AI computing power industry chain saw explosive growth, with leading stocks like Industrial Fulian hitting the daily limit [3] - The brokerage sector showed strong performance, with stocks like Guosheng Financial Holdings achieving consecutive gains [5] - The military industry rebounded, with stocks like Changcheng Military Industry performing well [6] - The semiconductor industry remained active, with companies like Kaimeteqi and Zhongchuan Special Gas reaching daily limits [8] Institutional Insights - Shenwan Hongyuan believes that the bull market atmosphere will not easily dissipate, with potential main lines emerging from domestic technological breakthroughs and high global market share manufacturing [9] - Galaxy Securities anticipates that the market will maintain a high level of volatility supported by improved liquidity, with a focus on sectors with strong earnings [10] - Xinda Securities suggests that the market is likely entering a main upward wave, driven by increasing resident funds and positive policy expectations [11]