Market Overview - The market opened high but closed lower, with all three major indices declining: Shanghai Composite Index down 0.26%, Shenzhen Component Index down 0.18%, and ChiNext Index down 0.2% [3] - The total trading volume in the Shanghai and Shenzhen markets reached 3.03 trillion yuan, with over 2900 stocks declining [4] Sector Performance Semiconductor Sector - The semiconductor industry chain showed strong performance, with Longji Technology hitting the daily limit and reaching a five-year high, while Bawei Storage and Jiangbolong both achieved historical highs [4][13] - Notable stocks included Ningbo Silicon Electronics and Tianyue Advanced, both hitting the daily limit with a 20% increase, and Bawei Storage rising 17% to a historical high [14] - The semiconductor sector is experiencing a "super bull market," with expectations of a 40% to 50% increase in the memory market by Q1 2026 [21] AI Application Sector - The AI application sector faced significant declines, with many stocks hitting the daily limit, including Yanshan Technology and Xinhua Net [5][6] - Companies like BlueFocus and Kunlun Wanwei saw declines exceeding 10% [7] Electric Power Equipment Sector - The electric power equipment sector experienced a strong rally, particularly in grid equipment, with stocks like Bofei Electric and Hancable hitting the daily limit [22] - The State Grid announced a fixed asset investment of 4 trillion yuan for the "14th Five-Year Plan," a 40% increase from the previous plan, focusing on technological innovation and new power system construction [25][26] - Goldman Sachs predicts that AI-driven global digital infrastructure and energy system investments could reach $5 trillion over the next decade, with grid equipment being a direct beneficiary [26]