有色金属板块全线走强，洛阳钼业、华友钴业、江西铜业、北方稀土等龙头股上涨。 存储芯片板块爆发，江波龙、德明利等个股大涨； 半导体产业链走强，华虹公司上涨15.16%，澜 起科技上涨6.93%， 这两只龙头股总市值均超千亿元 ，股价均创历史新高 ；隔夜美股中存储股纷 纷大涨，其中，闪迪涨近17%，美光科技涨超4%。 AI应用方面，Sora概念、AI语料等板块上涨。 上午收盘，上证指数上涨0.4%，深证成指上涨0.31%，创业板指上涨0.06%。全市场半日成交额 近1.37万亿元，较上一交易日增加761亿元。 牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 今天上午，有色金属、存储芯片、AI应用三大板块领涨。 有色金属板块大涨 今天上午，有色金属板块全线走强，能源金属、工业金属、小金属等板块大涨。 | | 有色金属 V | | | | --- | --- | --- | --- | | | 7958.02 2.90% | | | | 成分股 | 简况(F10) 基金 | 资金 | 新闻 | | 铂科新材 | 85.62 | 14.18% | 15.1 ...

Core Viewpoint - The article discusses the positioning of private equity funds ahead of the National Day holiday, indicating a general optimism about the market's performance post-holiday, with a significant majority opting for high exposure levels [2][5][6]. Group 1: Private Equity Fund Positioning - Over 65% of private equity funds are choosing to hold heavy or full positions (over 70% exposure) during the holiday, believing that external market disturbances will be limited and that domestic fundamentals and policy environments provide a solid safety margin [5][6]. - 17.31% of private equity funds are adopting a moderately heavy position (50% to 70% exposure), citing the presence of uncertainties during the holiday but still recognizing structural opportunities in individual stocks [5]. - Only 5.77% of private equity funds are opting for light positions (less than 30% exposure), reflecting a cautious stance due to significant market gains prior to the holiday and potential for adjustments post-holiday [5][6]. Group 2: Market Outlook Post-Holiday - 70.19% of private equity funds are optimistic about the A-share market's performance after the holiday, viewing pre-holiday market fluctuations as a consolidation phase, with expectations for gradual recovery driven by policy and capital [8][12]. - 62.50% of private equity funds anticipate a balanced market style post-holiday, with rotations among technology growth, value blue chips, and high-quality stocks [8][9]. - The focus on technology growth remains strong, with 59.62% of private equity funds favoring sectors such as AI, semiconductors, and innovative pharmaceuticals, which are seen as key drivers for future economic transformation [9][12]. Group 3: Investment Strategies and Themes - The article highlights a consensus among private equity funds that the investment focus will remain on technology growth, with 23.08% firmly optimistic about sectors like AI and semiconductors continuing to perform well [9][10]. - 21.15% of private equity funds are looking at the valuation recovery of the new energy and real estate sectors, expecting these low-valuation areas to provide rebound opportunities as industry policies clarify [9][10]. - The article also notes that 14.42% of private equity funds foresee a "high-low switch" in the market, where previously lagging traditional industries and high-dividend blue chips may experience a resurgence [9].

Market Overview - As of September 30, the Shanghai Composite Index rose by 0.40%, the Shenzhen Component Index increased by 0.31%, and the ChiNext Index saw a slight rise of 0.06%. The STAR Market 50 Index surged by 2% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.37 trillion yuan, an increase of 76.1 billion yuan compared to the previous trading day, with nearly 3,000 stocks rising across the market [1] Storage Chip Sector - The storage chip sector experienced significant gains, with stocks like Jiangbolong (301308) rising by 20% and several others increasing by over 10% [2] - Major storage manufacturers, including SanDisk, Micron, Samsung, and Western Digital, have announced price increases since September, leading to a ripple effect in the downstream market as module manufacturers ramp up inventory [3][4] - Adata announced it would stop quoting DDR4 prices and prioritize supply of DDR5 and NAND flash to major clients, while Phison has resumed some pricing with a 10% increase [3][4] AI and Semiconductor Sector - The AI sector saw a collective rise, with stocks like Dahong Technology hitting the daily limit up of 20%, and others like Kaipu Cloud and Tuolisi rising over 5% [4] - The launch of DeepSeek-V3.2-Exp has led to a significant reduction in service costs, with API prices dropping by over 50%, prompting several domestic chip manufacturers to adapt to the new model [5][6] - Analysts from Huaxin Securities noted that the domestic AI chip industry is entering a new era, with a complete industrial chain from advanced processes to model acceleration being established [6][7] Gold Market - On September 30, spot gold prices reached a new high of $3,860 per ounce, marking a 0.72% increase for the day [11] - Domestic gold jewelry prices have also risen, with brands like Chow Sang Sang and Luk Fook reporting prices of 1,125 yuan per gram, an increase of 14 yuan from the previous day [13] - Analysts from Guohai Securities indicated that the long-term trend of gold prices is influenced by the strength of the US dollar and inflation expectations, with current conditions favoring gold due to potential stagflation [13]

国庆长假临近，私募基金的仓位选择及对节后行情的研判，备受关注。 最新调查结果显示，六成以上私募选择重仓甚至满仓过节，并普遍看好行情趋势在节后延续，私募整体仓位指 数也升至了年内新高。 与此同时，部分私募也提醒投资者关注假期期间外围市场或出现的扰动情况。在投资主线上，大部分私募看好 科技成长方向，另一些私募则选择押注新能源、房地产产业链的估值修复。 逾六成私募选择重仓过节 长假在即，私募如何平衡机会与风险？私募排排网调查数据显示，65.38%的私募倾向于重仓或满仓过节（仓 位＞70%），认为假期期间外围市场扰动有限，国内基本面和政策环境提供了充足的安全边际。这些私募表 示，节前的行情调整已释放了部分风险，节后市场有望延续反弹格局，因此选择了积极持仓。 此外，17.31%的私募选择中等偏重仓位过节（50%≤仓位≤70%），其逻辑在于假期存在不确定性，但个股的结 构性机会仍值得把握，因此仓位保持了适度进攻；11.54%的私募则选择中等偏轻仓位过节（30%≤仓位＜ 50%），这部分私募强调长假期间外围市场的扰动风险不容忽视，因此采取稳健策略更为合适；仅有5.77%的 私募选择轻仓过节（仓位＜30%），其态度显然相对谨 ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] AI and Energy Demand - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The energy requirements for AI are expected to escalate, leading to potential crises in power grids and rising electricity prices [2][6] Investment Opportunity - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI, making it a unique investment opportunity [3][6] - It is noted that this company is not a chipmaker or cloud platform but plays a crucial role in the energy infrastructure needed for AI [3][6] Financial Position - The company is described as debt-free and holding a significant cash reserve, which is nearly one-third of its market capitalization [8] - It is trading at a low valuation of less than 7 times earnings, indicating a potentially undervalued investment opportunity [10] Strategic Positioning - The company is involved in the U.S. LNG exportation sector, which is expected to grow under the current administration's energy policies [7] - It has a unique footprint in nuclear energy, positioning it as a key player in the future of clean and reliable power [14] Market Trends - The article discusses the broader trends of onshoring and tariffs that are influencing the energy and AI sectors, suggesting that the company is well-positioned to capitalize on these trends [5][14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, further supporting the growth of companies involved in AI and energy [12]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with significant implications for global power grids and electricity consumption [2][3] Investment Opportunity - A specific company is positioned as a critical player in the AI energy sector, owning essential energy infrastructure assets that will benefit from the increasing energy demands of AI data centers [3][7] - This company is not a chipmaker or cloud platform but is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports [5][6] Market Position - The company is noted for its debt-free status and substantial cash reserves, which amount to nearly one-third of its market capitalization, providing a strong financial foundation [8][10] - It has a significant equity stake in another AI-related company, offering investors indirect exposure to multiple growth engines in the AI sector [9][10] Industry Trends - The article discusses the broader context of AI's disruptive potential across traditional industries, emphasizing the need for companies to adapt or risk obsolescence [11][12] - The influx of talent into the AI field is expected to drive continuous innovation and advancements, reinforcing the long-term growth prospects of AI investments [12] Future Outlook - The article suggests that the convergence of AI, energy infrastructure, and onshoring trends driven by tariffs presents a unique investment landscape [14] - The potential for significant returns is highlighted, with projections of over 100% returns within 12 to 24 months for investors who act promptly [15]

国庆长假临近，私募基金的仓位选择及其对节后行情的研判，备受市场关注。 私募排排网最新调查结果显示，六成以上私募选择重仓甚至满仓过节，并普遍看好行情趋势在节后延 续，私募整体仓位指数也升至了年内新高。 国庆节后，A股走势将如何演绎？ 长假在即，私募如何平衡机会与风险？ 调查数据显示，65.38%的私募倾向于重仓或满仓过节（仓位>70%），认为假期期间外围市场扰动有 限，国内基本面和政策环境提供了充足的安全边际。这些私募表示，节前的行情调整已释放了部分风 险，节后市场有望延续反弹格局，因此选择了积极持仓。 此外，17.31%的私募选择中等偏重仓位过节（50%≤仓位≤70%），其逻辑在于假期存在不确定性，但个 股的结构性机会仍值得把握，因此仓位保持了适度进攻；11.54%的私募则选择中等偏轻仓位过节 （30%≤仓位<50%），这部分私募强调长假期间外围市场的扰动风险不容忽视，因此采取稳健策略更为 合适；仅有5.77%的私募选择轻仓过节（仓位<30%），其态度显然相对谨慎，认为节前市场涨幅已较 大，节后存在调整的概率。<> 整体而言，尽管有一部分资金因担心假期"黑天鹅"扰动而在节前倾向于审慎，但上述择仓数据仍透露私 ...

私募排排网最新调查数据显示，超65%的受访私募选择重仓或满仓过节，仅有不到17%保持低仓位。可 见，坚定"在场"已成私募共识。不过，上海证券报记者采访获悉，对于即将到来的四季度，部分私募选 择"切高就低"，拥抱更具性价比的"冷门行业"，部分私募则认为科技板块在"小憩"后将再度成为市场主 线，有成长空间才有上涨机会。 乐观预期：私募坚定"在场" 据私募排排网统计，65.38%的受访私募倾向于重仓或满仓过节（仓位超过70%），认为假期外围市场及 消息面扰动有限；17.31%的受访私募选择保持五到七成仓位过节，认为相较不确定性因素，市场个股 机会更值得持有。另外，仅有不到17%的受访私募选择保持五成以下仓位过节。 与此同时，9月以来私募仓位继续上行。 私募排排网最新数据显示，截至9月19日，股票私募仓位指数为78.41%，较上一周（9月12日）上升0.37 个百分点，实现连续两周上行。至此，在经历持续加仓后，股票私募仓位指数已到达今年以来最高水 平。 头部私募加仓步伐显然更快。据统计，截至9月19日，管理规模在100亿元以上和管理规模在50亿元至 100亿元之间的股票私募仓位指数分别为79.95%和85.56%。其 ...

过去，某位周期性分析师突然在观点中大谈某项前沿科技，往往会被市场认为是其个人在"蹭热点"，是 市场风格可能要切换的信号。然而，随着近一年"科技牛"持续发酵，这样的"跨界"已被越来越多的业内 人士视作职业发展的"刚需"。 这几天，一年一度的卖方分析师行业重磅评选正式启动投票，各券商分析师团队纷纷在社交媒体晒出过 去一年的工作成绩单。《每日经济新闻》记者注意到，一些券商的房地产、建材等传统行业首席相继将 机器人、AI（人工智能）等新兴科技作为自身研究工作的重要亮点进行展示。 另据记者观察，一些传统行业分析师对科技资讯的反应速度已堪比科技行业分析师。对于这样的变化， 不少从业者看在眼里，触动在心中。 新兴科技成为市场主线 最近，适逢卖方分析师行业的"年度大考"，各券商的分析师们都铆足了劲做最后冲刺。回顾'9·24'行情 以来，新兴科技主题成为市场持续的主线，而传统周期行业受到冷落。在这样的背景下，不少传统行业 的分析师也有意识地往AI、机器人等热门方向靠拢。 "持续看好物业机器人相关标的，即将爆发，空间巨大！底部标的，享受地产和机器人应用双重弹性！ 碧桂园服务、南都物业（603506）、招商积余（001914）等。 ...

（原标题：2款权益类理财近一年涨幅超100%，指数投资受青睐） 产品统计范围为理财公司发行的公募权益类产品，统计截止日期为2025年9月25日，统计区间为近1年。 值得注意的是，本次华夏理财上榜产品均为"天工日开"系列产品。跟踪新型储能指数的4号产品以及跟踪微盘成长低波指数的6号产品分别位列榜 单第三、第四，其净值增长率依次是73.63%、71.37%。9月18日，华夏理财继续加码权益类投资，新发行5只天工日开指数跟踪产品，编号为15至 19号。其中，15号产品追踪AI云计算指数，标的指数为华夏理财AI云计算指数（993209.SSI）；16号产品追踪港股通高股息指数，标的指数为华 夏理财港股通红利30指数（993208.SSI）；17号产品追踪军工电子指数，标的指数为华夏理财军工电子指数（993210.SSI）；18号和19号产品分别 追踪中诚信A500高分红指数、中诚信自由现金流精选50指数。 榜单排名来自理财通AI全自动化实时排名，如您对数据有疑问，请在文末联系助理进一步核实。 展望后市，光大理财认为，在政治局会议强调"巩固资本市场回稳向好势头"以及9月美联储降息的背景下，AI 产业链、人形机器人等新质 ...