Group 1 - A-shares indices rose, with the Shanghai Composite Index surpassing 4000 points, led by sectors such as electric equipment, non-ferrous metals, and coal, while banking and food & beverage sectors lagged [1] - Concept sectors like photovoltaic inverters, rare metals, and new energy vehicles remained active in the afternoon trading session [1] - Nvidia's CEO announced significant technological breakthroughs in 6G, AI, quantum computing, and robotics, with plans to ship 20 million graphics processors and a projected business scale of $500 billion over the next six quarters [1] Group 2 - Tianfeng Securities highlighted the resilience of the overseas computing power industry chain, unaffected by DeepSeek and trade frictions, and remains optimistic about investment opportunities in the AI sector and AIDC industry chain [2] - The Cloud Computing 50 ETF (516630) tracks an index with a high AI computing power content, covering popular concepts such as data centers and AI servers, and is noted for its low fee structure [2]

Market Performance - The A-share market experienced a strong rally on October 29, with the Shanghai Composite Index rising by 0.7%, the Shenzhen Component Index increasing by 1.95%, and the ChiNext Index surging nearly 3%, reaching a new high for the year [1] - The total market turnover was 2.29 trillion yuan, indicating active trading [1] Sector Highlights - The Hainan sector showed significant strength, with stocks like Zhongtung High-tech and Hainan Airlines hitting the daily limit [1] - The new energy industry chain performed notably well, particularly in the energy storage sector, with Sunshine Power reaching a new high and Tongrun Equipment hitting the daily limit [1] - The photovoltaic sector saw a strong afternoon surge, with companies like Longi Green Energy and Tongwei Co. also hitting the daily limit [1] - The non-ferrous metals sector experienced a rapid increase, with Zhongfu Industrial hitting the daily limit [1] - Solid-state battery concept stocks continued to rise, with Fangda Carbon and Lead Intelligent showing significant gains [1] Banking Sector - The banking sector faced collective declines, with Chengdu Bank dropping nearly 6% [2] Computing Power Sector - The computing power sector saw a high opening but experienced a pullback, with leading companies like Xinyi Sheng and Zhongji Xuchuang reaching new highs before closing lower [3] - Nvidia announced plans to ship 20 million Blackwell and Rubin GPUs, projecting a business scale of $500 billion over the next six quarters, with its stock rising by 4.98% to a market cap of $4.89 trillion [3] Light Module Industry - The light module industry is expected to maintain high demand, with IDC forecasting China's smart computing power to reach 1037.3 EFLOPS by 2025, growing at a compound annual growth rate of 46.2% from 2023 to 2028 [4] - The global AI computing power market is projected to reach $1.2 trillion by 2025, with China accounting for 38% of this market [4] - Concerns exist regarding the light module industry's capacity expansion, which is capital and technology-intensive, potentially leading to supply issues if demand outpaces production capabilities [4] Gold Market - International gold prices saw a short-term increase, with spot gold rising by 1.07% to $3994.42 per ounce [5] - Domestic gold jewelry prices significantly decreased, with some brands dropping below 1190 yuan per gram [5]

记者 | 李益文 金珊 编辑 | 曾静娇 视频编辑 | 王学权 10月29日，A股市场全天震荡拉升，三大指数高开高走， 截至收盘，沪指涨0.7%，深成指涨1.95%， 创业板指涨近3%创年内新高，北证50指 数涨超8%。 消息面上，北交所董事长鲁颂宾在2025金融街论坛年会上表示，持续优化北交所指数体系建设，加快推出北证50ETF，研究引入盘后固定价格 交易，不断提升投资交易便利性。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 4016.33 | 13691.38 | 1573.71 | | +28.11 +0.70% +261.28 +1.95% +122.15 +8.41% | | | | 科创50 | 创业板指 | 万得全A | | 1489.12 | 3324.27 | 6447.75 | | +17.39 +1.18% +94.70 +2.93% +73.93 +1.16% | | | | 沪深300 | 中证500 | 中证A500 | | 4747.84 | 7480.97 | 5703.99 | | +55.86 +1.19% +139.94 +1 ...

Group 1 - The A-share market saw a collective rise in computing power concept stocks, with Kangsheng Co. hitting the daily limit, and Industrial Fulian approaching the limit as well [1] - The Central Committee of the Communist Party of China released suggestions for the 15th Five-Year Plan, emphasizing the need for advanced construction of new infrastructure, including information communication networks and integrated computing power networks [1] - Nvidia announced plans to ship 20 million Blackwell and Rubin graphics processors, projecting a business scale of $500 billion over the next six quarters [1] Group 2 - Kangsheng Co. experienced a price increase of 10.02%, with a total market value of 53.64 billion and a year-to-date increase of 93.44% [2] - Industrial Fulian's stock rose by 6.91%, with a market capitalization of 1,570.8 billion and a year-to-date increase of 275.12% [2] - Zhongdian Xinlong saw a 4.51% increase, with a market value of 26.806 billion and a year-to-date increase of 130.83% [2]

Core Viewpoint - The news highlights significant movements in the stock market related to 6G concepts and AI computing power, with specific companies experiencing notable stock price increases due to recent announcements and market trends [1][7]. Group 1: Stock Market Movements - The A-share market opened positively, with the Shanghai Composite Index rising by 0.05%, the Shenzhen Component by 0.40%, and the ChiNext Index by 1.07% [1]. - Companies in the 6G concept sector, such as Benwei Intelligent, saw a sharp increase, hitting a 20% limit up [8]. - Other sectors showing gains included CPO concepts, communication equipment, and materials, while sectors like internet and semiconductors faced declines [3]. Group 2: AI Computing Power Sector - Companies involved in computing hardware, such as Zhongji Xuchuang and Industrial Fulian, opened over 4% higher, reaching historical highs [4]. - NVIDIA announced plans to ship 20 million Blackwell and Rubin GPUs, projecting a business scale of $500 billion over the next six quarters, which positively impacted related stocks [5]. - Shenghong Technology reported a revenue of 14.117 billion yuan for the first three quarters of 2025, a year-on-year increase of 83.40%, with net profit soaring by 324.38% to 3.245 billion yuan [5]. Group 3: 6G Development and Investment - NVIDIA's $1 billion investment in Nokia aims to accelerate AI-RAN innovation and facilitate the transition from 5G to 6G, leading to a nearly 30% increase in Nokia's stock price [10]. - China Mobile's chairman emphasized the importance of advancing network evolution, including 5G-A and 6G technologies, to meet the demands of intelligent connectivity [10]. - Local initiatives in Shandong province are focusing on enhancing low-altitude communication networks and accelerating the construction of 5G-A and 6G technology trials [10].