Market Overview - The market experienced a rebound, with the ChiNext Index rising over 2% and reaching a new three-year high [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.37 trillion, an increase of 443 billion compared to the previous trading day [1] - At the close, the Shanghai Composite Index fell by 0.01%, while the Shenzhen Component Index rose by 0.67%, and the ChiNext Index increased by 1.58% [1] Sector Performance - The speed of sector rotation accelerated, with multiple stocks hitting new highs during the session [1] - The AI sector continued to perform strongly, with stocks such as Inspur Information, Cambridge Technology, and Huagong Technology reaching their historical highs [1] - The energy storage sector also saw significant gains, with Sunshine Power and CATL achieving new historical highs [1] - The semiconductor industry chain was notably active, with Zhangjiang Hi-Tech, Tongfu Microelectronics, and Kaimetech all hitting new historical highs [1] Declining Sectors - The port and shipping sector experienced a collective decline, with Nanjing Port dropping over 9% at one point [1] - Sectors such as gaming, AI applications, and controllable nuclear fusion saw the largest gains, while the port and shipping, precious metals, and oil and gas sectors faced the largest declines [1]

Market Performance - Multiple industry leaders reached historical highs in stock prices, including Ningde Times (4.98% increase, market cap of 1.82 trillion), Zijin Mining (5.71% increase, market cap of 728.49 billion), and Inspur Information (limit up, market cap of 111.96 billion) [1] - The gaming sector saw significant gains, with stocks like G-bits (4.15% increase, closing price of 652.5) and ST Huaton (3.44% increase, market cap of 160.74 billion) performing well [1][4] - The AI sector rebounded, leading gains in applications, with the overall market indices showing positive movement: Shanghai Composite Index up 0.16%, Shenzhen Component Index up 1.14%, and ChiNext Index up 2.22% [1] Gaming Sector Insights - The gaming sector experienced a substantial rise, with companies like Kunlun Wanwei (10.22% increase, market cap of 62.8 billion) and Iceberg Network (8.87% increase, market cap of 6.9 billion) leading the charge [2][3] - The approval of 145 domestic games and 11 imported games by the National Press and Publication Administration indicates a normalization in game licensing, shifting the focus to content quality and business models [4][5] - Analysts suggest that the gaming industry is entering a prosperous cycle, driven by increased payment trends on mini-game platforms and innovations in gameplay [5] Controlled Nuclear Fusion Sector - The controlled nuclear fusion sector saw a rebound, with companies like Haheng Huaton (19.99% increase, market cap of 6.54 billion) and Zhongzhou Special Materials (11.36% increase, market cap of 5.84 billion) showing strong performance [6][8] - The China Fusion Energy Company showcased advancements in fusion technology at the 25th China International Industry Fair, highlighting the potential for significant investment in fusion energy [9] - The development of intelligent control systems for nuclear fusion, supported by AI technology, is expected to enhance operational efficiency and attract substantial investment in the sector [9]

Market Overview - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index up 0.16% at 3859.62 points, the Shenzhen Component Index up 1.14%, and the ChiNext Index up 2.22% at 3256.38 points, marking a new high since January 2022 [1][3] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 155.58 billion yuan, an increase of 135.5 billion yuan compared to the previous day, with 2000 stocks rising across the market [1][3] Sector Performance - The gaming sector led the gains, with Kunlun Wanwei (300418) rising over 10%, and both Ice Glacier Network (300533) and Xinghui Entertainment (300043) increasing by over 8%, following the approval of 145 domestic online games by the National Press and Publication Administration in September [3] - The cloud computing sector also performed well, with Inspur Information (000977) and Zhongdian Xindong hitting the daily limit, and Yonyou Network (600588) rising nearly 9%. Alibaba announced its AI development roadmap for Alibaba Cloud and a collaboration with NVIDIA on Physical AI [3] - The nuclear fusion concept stocks were strong, with Ha Welding (HHT) and Hezhu Intelligent (603011) both hitting the daily limit, and Zhongzhou Special Materials and Changfu Shares rising over 10%. The recently established China Fusion Energy Company made its official debut [3] - Industrial metal stocks saw widespread gains, with Jingyi Shares (002295), Northern Copper, and Luoyang Molybdenum (603993) hitting the daily limit, driven by a production halt at the Grasberg copper mine in Indonesia, the world's second-largest copper mine, which led to a surge in copper prices [3] Notable Individual Stocks - Contemporary Amperex Technology Co., Ltd. (300750) briefly surpassed the 400 yuan mark, reaching a new historical high, with a total market value exceeding Guizhou Moutai (600519), making it the fifth largest in A-shares [3] - The port and shipping sector faced declines, with Nanjing Port (002040) dropping nearly 8%, and Ningbo Ocean and Ningbo Shipping (600798) falling over 5% [3] - Gold stocks mostly declined, with Shandong Gold (600547) and Xiaocheng Technology dropping over 4% [3]

Core Viewpoint - The market experienced fluctuations in early trading, with the Shanghai Composite Index showing narrow movements while the ChiNext Index rebounded to reach a three-year high [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.54 trillion, an increase of 134.8 billion compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index rose by 0.16%, the Shenzhen Component Index increased by 1.14%, and the ChiNext Index surged by 2.22% [1] Sector Performance - AI hardware and applications saw a collective surge, with Inspur Information hitting the daily limit and reaching a historical high, while Huajin Technology also touched the daily limit and set a new high [1] - The non-ferrous metal sector was active, with several stocks, including Northern Copper Industry, reaching the daily limit [1] - Controlled nuclear fusion concept stocks experienced fluctuations, with Hezhong Intelligent achieving two daily limits in four days, and Haheng Huaton hitting the daily limit [1] Declining Sectors - The port and shipping sector collectively declined, with Ningbo Port dropping over 8% during the session [1] - Sectors such as gaming, AI applications, and controlled nuclear fusion showed significant gains, while the port and shipping, precious metals, and tourism sectors faced notable declines [1]

Market Overview - The three major A-share indices collectively rose in the morning session, with the Shanghai Composite Index up 0.16% at 3859.62 points, the Shenzhen Component Index up 1.14%, and the ChiNext Index up 2.22% at 3256.38 points, marking a new high since January 2022 [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 155.58 billion yuan, an increase of 135.5 billion yuan compared to the previous day, with 2000 stocks rising across the market [1] Sector Performance - The gaming sector led the gains, with Kunlun Wanwei rising over 10%, and both Ice Snow Network and Xinghui Entertainment rising over 8%, following the approval of 145 domestic online games by the National Press and Publication Administration in September [1] - The cloud computing sector also performed strongly, with Inspur Information and China Electric Power Technology hitting the daily limit, and U8 Network rising nearly 9%. Alibaba announced its AI development roadmap for Alibaba Cloud and a partnership with NVIDIA for Physical AI [1] - The nuclear fusion concept stocks surged, with Haohuan Huatong and Hezhu Intelligent both hitting the daily limit, and Zhongzhou Special Materials and Changfu Shares rising over 10%. The China Fusion Energy Company was officially launched recently [1] - Industrial metal stocks saw widespread gains, with Jingyi Shares, Northern Copper, and Luoyang Molybdenum hitting the daily limit. The global second-largest copper mine, Grasberg in Indonesia, halted production due to an accident, leading to a surge in copper prices [1] Declining Sectors - The port and shipping sector faced declines, with Nanjing Port dropping nearly 8%, and both Ningbo Ocean and Ningbo Shipping falling over 5% [1] - Gold stocks mostly declined, with Shandong Gold and Xiaocheng Technology both dropping over 4% [1] Notable Stocks - Ningde Times briefly surpassed the 400 yuan mark, reaching a new historical high, with a total market value exceeding Guizhou Moutai, making it the fifth largest in A-shares [1]

Group 1 - The article highlights significant announcements in the stock market from Sunday to Thursday, including "suspensions and resumption of trading, shareholding changes, investment wins, acquisitions, earnings reports, unlocks, and high transfers" [1] - Important announcements are marked in red to assist investors in identifying investment hotspots and preventing various black swan events, providing ample time for analysis and selection of suitable listed companies [1] Group 2 - A company involved in commercial aerospace, CPO, data centers, chips, Huawei, and controllable nuclear fusion has products participating in a major national aerospace project [1] - Another company specializing in liquid-cooled servers, computing power, NVIDIA, robotics, and data centers reported over 60% year-on-year growth in AI server revenue in Q2 and is a key supplier of NVIDIA's GB200 cabinet [1] - A company focused on innovative drugs, traditional Chinese medicine, synthetic biology, and the three-child policy has received approval for clinical trials of its innovative traditional Chinese medicine research project [1]

Market Overview - The A-share market experienced a strong performance, with the Shanghai Composite Index closing at 3316.11, up 1.13% [1] - The Shenzhen Component Index rose by 1.84%, closing at 10082.34, while the ChiNext Index increased by 1.97%, closing at 1986.41 [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.34 trillion, an increase of 166.8 billion compared to the previous trading day [4] Sector Performance - The top-performing sectors included Computer (up 3.65%), Communication (up 3.59%), and Comprehensive (up 3.38%) [1] - Conversely, the Banking sector saw a slight decline of 0.13%, and the Food & Beverage sector increased by only 0.35% [1] - Notable concept stocks such as Controlled Nuclear Fusion and Rare Earth Permanent Magnet saw significant gains, with increases of 6.32% and 5.45% respectively [2][3] Consumer Trends - There was a notable increase in long-distance travel demand during the May Day holiday, with over 1.1 billion cross-regional movements recorded, averaging 282 million daily, significantly higher than the same period in 2019 and 2024 [3] - Domestic tourism outperformed outbound travel, with a clear trend of consumption upgrades in lower-tier cities [3] Economic Indicators - The Caixin China General Services PMI for April was reported at 50.7, a decrease of 1.2 percentage points from March, but still indicating expansion [3] - The overall earnings reports from A-share companies showed an improvement in profitability, with structural differentiation in revenue growth rates across industries [4] Investment Recommendations - Investors are advised to focus on sectors with sustained high growth potential, including Finance, Public Utilities, Consumer, and TMT (Technology, Media, and Telecommunications) [4] - The market is expected to continue a trend of oscillation and recovery in the short term, with further potential for risk appetite to improve [4]