A-share closing review | GEM hits a new high! Trading volume surpasses 3 trillion for the first time

Today, the market continued to rise, with the Growth Enterprise Board breaking through the high point of 4037.96 in 2015, setting a new historical high. The market's turnover has exceeded 3 trillion for 6 consecutive days, with over 3200 stocks in both markets rising. On the market, trillion-dollar giant Foxconn Industrial Internet surged by the limit. In terms of news, there are reports that Hon Hai Group's full-light CPO switch cabinet has been shipped early to major customer NVIDIA, with the estimated shipment volume exceeding 10,000 units by 2026, raised to over 50,000 units by 2026 to 2027. In other hot spots, the computing power hardware concept continued to rise, with Shenzhen Techwinsemi Technology hitting the limit, and Dapu Microelectronics approaching the 20CM limit. The PCB concept repeatedly strengthened, with Han's Laser Technology Industry Group hitting the limit for 3 out of 5 days, and Shengyi Technology hitting the limit. The green energy concept exploded, with Huadian Liaoning Energy Development hitting the limit for 5 out of 6 days, DATANG POWER hitting the limit for 6 consecutive days, and Guangdong Shaoneng Group, Jinneng Holding Shanxi Electric Power hitting the limit for 2 consecutive days. The electric power equipment concept continued to be strong, with Qingdao Hanhe Cable, Wecome Intelligent Manufacturing, and Henan Tong-Da Cable hitting the limit for 2 consecutive days. The computing power leasing concept showed active performance, with RunJian Co., Ltd. hitting the limit for 4 out of 7 days, and Shanghai CDXJ Digital Technology, Aurora Optoelectronics, ZJBC Information Technology hitting the limit. In terms of decline, the pork concept fluctuated and adjusted, with Zhejiang Huatong Meat Products and Leshan Giantstar Farming & Husbandry Corporation falling one after another. Looking ahead, China Securities Co., Ltd. stated that the current market's core logic is relatively clear, the market has not yet reached its peak, and it is transitioning from a one-way rise to a consolidation stage. The ample liquidity in the market has not shown any signs of tightening, the policy support and the logic of industrial upgrading remain stable, and there is no basis for a deep adjustment in the market. In terms of individual stocks, 3215 stocks rose in the two markets, 2134 stocks fell, and 166 stocks remained unchanged. There were 147 stocks hitting the limit in both markets, with 17 stocks hitting the limit. By the close, the Shanghai Composite Index rose 0.67% to 4242.57 points, with a turnover of 14475 billion yuan; the Shenzhen Component Index rose 1.67% to 16089.75 points, with a turnover of 17743 billion yuan. The ChiNext Index rose by 2.63% to 4038.33 points. Capital Movement Today, the main funds focused on buying consumer electronics, electricity, IT services, and other sectors. The top stocks with net inflows of major funds include Foxconn Industrial Internet, Suzhou TFC Optical Communication, Shanghai Electric Group, etc. News Review 1. The Ministry of Industry and Information Technology held a symposium on the construction of high-quality industry data sets. The Ministry of Industry and Information Technology held a symposium on the construction of high-quality industry data sets, emphasizing that the development and utilization of industrial data are vital to driving the technological transformation of artificial intelligence, accelerating the cultivation of new productive forces, and promoting the digital transformation of manufacturing. China has rich industrial data resources, a complete industrial system, and broad application scenarios, and the potential for the development and utilization of industrial data resources is enormous. It is necessary to focus on the difficulties of "acquiring, collecting, and utilizing" industrial data, deepen exploration paths, build data circulation incentive mechanisms, and accelerate the construction of high-quality industry data sets. 2. Huang Renxun was seen boarding Air Force One with Trump during his visit to China On the evening of May 12th local time, U.S. President Trump departed for China. Before takeoff, he stated that the U.S. and China have extensive and profound cooperation, and he believes that good things will happen. According to Bloomberg, NVIDIA CEO Huang Renxun will accompany U.S. President Trump on his visit to China as an additional temporary personnel. According to a social media post by Emily Goodin, a White House reporter for the New York Post, she saw Huang Renxun board Air Force One during a stop in Alaska. 3. Taiwan Affairs Office: Will support Fujian in exploring new paths and models for integrated development across the Taiwan Strait On May 13th, the State Council Taiwan Affairs Office held a routine press conference. Spokesperson Zhang Han stated that in the past three years, the demonstration area for integrated development across the Taiwan Strait has gradually demonstrated its effectiveness, and its influence has been expanding. In the next step, the Central Taiwan Affairs Office, the National Development and Reform Commission, together with relevant departments of the central government and Fujian Province, will support Fujian in continuously exploring new paths and models for integrated development across the Taiwan Strait, and introduce more innovative measures to deepen integration and development in various fields between Fujian and Taiwan. Market Outlook 1. China Securities Co., Ltd.: The current market's core logic is relatively clear, and the market has not yet reached its peak The core logic of the current market is relatively clear, and the market has not yet reached its peak, but is transitioning from a one-way rise to a phase of consolidation and accumulation of momentum. The ample liquidity in the market has not shown any signs of tightening, and the fundamental logic of policy support and industrial upgrading remains stable, with no basis for a deep adjustment in the market. The current consolidation is more of a cleansing of speculators and a benign adjustment to complete sector rotation, with funds shifting from previously speculative high-priced themes to low-priced sectors with performance support and reasonable valuations, gearing up for future market trends. 2. CMSC: Clear trend of domestic storage capacity expansion and increase in domesticization rate CMSC believes that since April, the Philadelphia Semiconductor Index has been continuously rising, with global CSP capital expenditures totaling about $830 billion in 2026, driving the continued improvement in the AI industry chain's prosperity. The supply-demand gap in the storage industry will continue until 2027, with domestic module companies entering a period of profit growth. The global CPU market space will significantly expand, with domestic computing power orders and revenue growing rapidly, driving the demand for advanced processes domestically. The clear trend of domestic storage capacity expansion, the increase in the domesticization rate, the continued improvement in equipment orders, and the scale-up of materials following the breakthrough in production capacity bottlenecks. 3. Huatai: AI drives the improvement of cyclical prosperity in machine tools and industrial control Huatai's research report states that benefiting from the increased demand in areas such as optical modules, PCBs, 3C, semiconductor equipment driven by AI, and the upstream price increases of chips and bulk commodities, there is a short-term supply shortage in industries such as machine tools and industrial control, leading to a simultaneous increase in product supply and price. This cycle is similar to the period of increased demand for new energy from 2020 to 2023, combined with the domestic substitution driven by supply chain shortages, giving a comprehensive bullish view on machine tools, industrial control, and other industries in the cyclical sector. This article is a reprint from "Tencent Stock Selection", GMTEight Editor: Liu Jiayin.