Yesterday, the Shanghai Composite Index fluctuated and rose during the session, with the ChiNext Index and the Science and Technology Innovation 50 Index performing relatively strongly. As of the close, the Shanghai Composite Index rose 0.41% to 3039.31 points, the Shenzhen Component Index rose slightly by 0.04% to 9438.24 points, and the ChiNext Index rose 0.59% to 1834.83 points. Points, the Science and Technology Innovation 50 Index rose 0.37%; the two cities’ total turnover was 1.0771 billion yuan, which has exceeded the trillion mark for 4 consecutive trading days; northbound funds experienced a large unilateral outflow during the session, with net sales of 7.06 billion yuan throughout the day. In terms of industries, the finance, real estate, automobile, brewing and other sectors fell, the pharmaceutical and media sectors rose strongly, and the coal, electricity, petroleum, semiconductor and other sectors rose; liquid-cooled servers, CPO concepts, computing power concepts, etc. were active.
Guosheng Securities stated that the market continued to rebound strongly after the Spring Festival, changing the previous decline, market sentiment has recovered significantly, and the volume of the two markets can be enlarged. Regulators have pooled their efforts and launched a “combination punch” to build market confidence. Net purchases of northbound funds exceeded 60 billion yuan in February, providing strong support to the market. Operationally, we can pay attention to some industrial policies, industrial upgrading and technological innovation related to new energy, artificial intelligence, etc. Structural opportunities may arise in the market, focusing on the direction of consumer electronics with continued strong demand and AI empowerment.
Analysis of today’s investment opportunities
AI accelerates productivity changes
On March 4, U.S. time, Anthropic, a large AI model manufacturer, released a new generation of Claude3 series models. The flagship model of the Claude3 series, Opus, surpassed OpenAI GPT-4 and Google Gemini 1.0 Ultra. With the continuous iteration of large AI models, the commercialization process is expected to accelerate.
Zheshang Securities stated that OpenAI recently released Sora, Stability.ai launched Stable Diffusion 3, and Anthropic released Claude3 series models. Overseas AI large model technology continues to iterate. At the same time, domestic large models represented by Baidu, iFlytek, Byte, etc. Manufacturers are also continuing to iterate AI large models. With the continuous optimization of technology and its accelerated penetration in practical application scenarios, large model technology is expected to accelerate and bring about a new round of productivity changes.
The domestic cycle of smart meters will start
Smart meters are one of the core devices of smart grids and are widely used in all aspects of the power system. Their investment intensity and cycle are related to the prosperity of digital intelligence construction. A review of the global pace of smart meter installation shows that China and the United States are ahead of schedule, and the concentration of downstream power grids does not affect the installation speed. Comparing smart meter plans in various regions around the world, state-led rollout plans are more economical.
CITIC Securities said that smart meters have benefited from domestic and foreign demand, and the business trend is clear. As one of the core equipment of the smart grid, smart meters have benefited from the dual drive of the replacement cycle and the increase in the proportion of high-grade electric energy meters in the domestic market. It is expected that in the next few years, it is expected to usher in a favorable situation of “increasing volume and price”; overseas market demand It is clear and has broad space. Developed economies mainly benefit from the equipment update cycle and the boost in intelligent demand, while emerging markets are mainly driven by power expansion and penetration increase. It is recommended to continue to pay attention to high-quality electric meter companies that have been deeply involved in the field of electric meters for a long time, have a high proportion of high-grade electric meter products, and have global business layout.
Horse-faced skirts are hot-selling during the Spring Festival and the national style trend is heating up
Since the beginning of the year, the number of searches for Hanfu has skyrocketed, and the horse-faced skirt has become the most popular item in the Hanfu category. As a Hanfu production base in Caoxian County, Shandong, the sales of the Horse-faced skirt alone for the Year of the Dragon New Year’s greetings have exceeded 300 million yuan. The horse-faced skirt originated in the Song Dynasty and became popular in the Ming and Qing Dynasties. It has both classical and modern simple beauty and can meet the needs of the public. Based on the similarities in jacquard equipment and technology between home textiles and horse-face skirts, Xucun, Jiaxing seized the opportunity of the trend and transformed the production of horse-face skirts. Currently, there are more than 100 companies in Xucun Town producing horse-face skirt fabrics, with a daily output of 30,000 Domi.
Donghai Securities said that the new Chinese fashion trend led by horse-faced skirts is also loved by overseas consumers, and the products are selling well in European, American and Southeast Asian markets. It is recommended to pay attention to the high-growth sportswear and high-end clothing sectors, the low valuation and high dividend home textile sector, the layout on the left side of the export chain + the investment opportunities to increase the share of the leading textile manufacturing industry.
NVIDIA B100 will use liquid cooling
The top event GTC will be held on March 18, 2024. It is reported that Nvidia is expected to launch the B100 GPU at this conference, which will use liquid cooling technology.
It is reported that Nvidia will release the B100 GPU at the GTC conference, using the Blackwell architecture. CEO Huang Renxun said that starting from the B100 GPU, the heat dissipation technology of all future products will change from air cooling to liquid cooling. Galaxy Securities believes that the performance of the B100 GPU launched by Nvidia this time is at least twice that of the H200 and will be more than four times that of the H100. On the one hand, the improvement in chip performance comes from the advanced process, and on the other hand, heat dissipation has also become a factor in improving chip performance. The key factor is that the TDP of the Nvidia H200 GPU is 700W, and the TDP of the B100 is conservatively estimated to be close to kilowatts. Traditional air cooling may not be able to meet the heat dissipation requirements during chip operation, and heat dissipation technology will be fully innovated towards liquid cooling.
Other market-moving news
Shanghai and Shenzhen Stock Exchanges jointly held trading compliance training for quantitative private equity institutions
According to news from the Shanghai and Shenzhen Stock Exchanges, the Shanghai and Shenzhen Stock Exchanges recently jointly held trading compliance training for quantitative private equity institutions to help quantitative private equity institutions understand quantitative trading regulatory ideas and work requirements in a timely and accurate manner, effectively improve the level of compliance transactions, and prevent quantitative trading risks. . It is reported that the heads and business backbones of 28 leading quantitative private equity institutions participated in the transaction compliance training for quantitative private equity institutions jointly organized by the Shanghai and Shenzhen Stock Exchanges.
Both the Shanghai and Shenzhen stock exchanges stated that in the next step, they will adhere to investor-oriented and maintain fairness as the starting point and end point of their work. In accordance with the unified deployment of the China Securities Regulatory Commission, they will accelerate the establishment and improvement of quantitative trading regulatory arrangements and further expand quantitative trading compliance training. scope objects, standardize quantitative trading behavior, maintain normal market trading order, and protect the legitimate rights and interests of investors.
The securities regulatory department led a team to investigate two Shenzhen companies
According to a report by the China Securities Journal on March 4, the Listing Division of the China Securities Regulatory Commission, the Shenzhen Stock Exchange, and the Shenzhen Securities Regulatory Bureau recently formed a research team together with relevant Shenzhen municipal departments to visit two Shenzhen listed companies, Inovance Technology and CIMC Group. Research work. This move aims to increase support for high-quality listed companies and continuously enhance the investment value of listed companies. In the next step, the securities regulatory authorities will strengthen communication and coordination with local governments, jointly promote the optimization of corporate structures, standardize corporate governance, cultivate high-quality leading listed companies, and continuously enhance the investment value of listed companies, so as to promote the high-quality development of listed companies and help boost the market. confidence, maintain capital market stability and high-quality economic development.
Goldman Sachs removes Apple from ‘Best Buy’ list
According to media reports on the 4th, Goldman Sachs Group removed Apple from its “Best Buy List” due to poor stock performance and market concerns about weak demand for its main products. Goldman Sachs said its Best Buy list will be reviewed monthly and stocks will be removed if they “no longer represent the best investment options.”
Institutional analysts said that Apple’s fundamentals are expected to be under pressure in 2024, and the timing of subsequent performance turning points remains to be seen.
Shanxi Fenjiu confirms that the price of Qinghua 20 will increase
According to a report by China Securities Journal on March 4, Shanxi Fenjiu insiders confirmed that starting from March 15, the ex-factory price of Shanxi Fenjiu’s core product Blue and White 20 will be increased by 20 yuan/bottle. It is reported that Blue and White 20 is the core product of Shanxi Fenjiu. Today’s wine price data shows that the market price of Blue and White 20 on March 4 was 375 yuan/bottle.
With the industry’s overall sales and inventory under pressure, many wine companies such as Jiannanchun, Langjiu, and Jinshiyuan have recently taken price increases on core single products.
Proofreading: Wang Jincheng
Statement: Securities Times strives to provide true and accurate information. The content mentioned in the article is for reference only and does not constitute substantive investment advice. Any operations based on this are at your own risk.
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2024-03-05 02:00:00
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