Core Viewpoint - The A-share market experienced a historic breakthrough on October 9, with the Shanghai Composite Index closing at 3933.97 points, marking a 1.32% increase and reaching the 3900-point threshold for the first time in ten years, the highest since August 2015 [1][2][3]. Market Performance - The market exhibited a broad-based rally, with over 3100 stocks rising and nearly 100 stocks hitting the daily limit up. The total trading volume surged to 2.67 trillion yuan, an increase of 4746 billion yuan compared to the previous trading day, indicating heightened market activity [1][2]. - The Shanghai Composite Index opened above 3880 points and reached a peak of 3942.61 points during the day. The Shenzhen Component Index rose by 1.47% to 13725.56 points, while the ChiNext Index increased by 0.73% to 3261.82 points [2]. Sector Performance - Precious metals, technology, and resource stocks were the main drivers of the index's rise. The precious metals sector surged due to international gold prices exceeding $4000, leading to a wave of limit-up stocks [4]. - The semiconductor sector also saw significant gains, with companies like Huahong Semiconductor and SMIC reaching historical highs. The demand for AI is expected to boost semiconductor sales significantly, with projections indicating a rise from less than 5% in 2022 to 27% by 2025 [5]. - The technology sector experienced a "blooming" effect, particularly in controlled nuclear fusion concepts, which saw a 6% increase, reaching a historical high [4][6]. Investment Outlook - Various institutions maintain an optimistic outlook for the market, anticipating a "red October" driven by the upcoming third-quarter reports and favorable policy expectations. They suggest focusing on sectors with sustained high prosperity and potential recovery [7]. - Recommended sectors for investment include non-ferrous metals, power equipment, machinery, automotive, electronics, and media, with a particular emphasis on AI, semiconductors, and renewable energy [7].