Pre-market report on A-shares | Surged by 16% after market! Storage leader Micron Technology (MU.US) released explosive financial report, A-shares heavyweight testing giant made a big move.

Pre-market headlines 1. Micron Technology, Inc. (MU.US) announced a "royal flush" financial report: performance, guidance fully blooming post-market stock price rose by 16% Type: Company Emotional impact: Positive After the market closed on Wednesday in the U.S., AI storage leader Micron Technology, Inc. (MU.US) released its third quarter (March to May) financial report. The report showed that Micron continued to benefit from the strong demand brought by the artificial intelligence boom, with third-quarter revenue increasing by as much as 346% and a staggering gross margin of 84.9%, far exceeding market expectations. The stock price surged by around 16% after the report was released. Following Micron's financial report, chip stocks in the U.S. rose across the board after hours, with Western Digital Corporation rising by over 11%, SanDisk by over 10%, and Qualcomm by over 10%. 2. "Gold, Silver, Oil" in collective freefall! Gold, silver officially enter technical bear market territory Type: Industry Emotional impact: Negative On Wednesday night, the spot price of gold fell below the $4000 per ounce level, with a daily decline of 2.8%, the first time since November 2025. The spot silver price fell by 9.5% during the day, breaking through the $70 per ounce level and weekly support level. International oil prices also fell sharply, erasing all gains since the recent Middle East conflict, officially entering a technical bear market for gold and silver. Analysts say that the return of U.S. inflation pressure and the Federal Reserve's "hawkish" signal are the core drivers of the current decline in gold and silver prices. 3. Ministry of Industry and Information Technology speaks out! Strengthen the planning and construction of the new generation communication network and computing power network Type: Industry Emotional impact: Positive On June 24, the 2026 Shanghai World Mobile Communications Congress opened. Deputy Chief Engineer of the Ministry of Industry and Information Technology, Zhong Zhihong, stated that they will strengthen the planning and construction of the new generation communication network and computing power network, promote the evolution of dual 1000G networks to dual 10,000G, accelerate the construction of a multi-level computing power facility system, actively deploy new network facilities such as low-altitude information infrastructure, satellite internet, and build an integrated air-ground-space network. 4. Ministry of Commerce announces "Industrial Chain Supply Chain Security Investigation Measures" Type: Industry Emotional impact: Positive The Ministry of Commerce has formulated the "Industrial Chain Supply Chain Security Investigation Measures," which can conduct investigations into specific measures or actions in the industrial chain and supply chain security, including discriminatory prohibitions or restrictions on our country by foreign countries, regions, etc., violating international law and basic norms of international relations in the industrial chain and supply chain. In addition, the Ministry of Commerce has decided to further improve the reporting and handling of illegal and irregular export control of strategic dual-use mineral items and crack down on illegal and irregular export of strategic dual-use mineral items. Investment Calendar Ministry of Commerce Press Conference Investment Tips Investment Tips: When the price starts to rise, the lower the trading volume of this stock, the more optimistic the situation. Andr Kostolany Institutional Views 1. China Galaxy: The market is expected to return to a pattern of parallel lines, focusing on AI infrastructure, dividends, and three other directions. 2. Orient: It is expected that the Shanghai Composite Index will continue to challenge the 4150-point region and pay attention to the impact of performance after the technology speculation. 3. Founder: Structural contradictions in the market are still prominent, and future opportunities will focus on computing power, HALO assets, and three other directions. Bullish and Bearish Lookahead 1. A-share test giant takes action, invests 7.8 billion yuan to expand and build a new high-end advanced testing and packaging factory Type: Market Hot Discussion Shanxi: Advanced packaging technology has a wide range of applications, benefiting from the rapid growth of AI demand for high-performance computing. Communication infrastructure is the fastest-growing sector of advanced packaging, with a projected compound growth rate of 17% from 2022 to 2028. 2. Five departments jointly kick off the Industrial 5G Standalone Network Pilot Type: Policy Focus CITIC SEC: The communication sector has transitioned from construction-driven to application-driven. In the first quarter, China built over 280,000 new 5G base stations, and the coverage rate of gigabit fiber optic networks reached 100% in prefecture-level cities, providing solid support for the upward trend of the industrial chain. 3. Intel Corporation jointly with Shenzhen Envicool Technology, Jiasiduo released the test results of single-phase cold plate liquid cooling work material verification Type: Institutional Hot Review Guosheng: From the perspective of the industry structure, the focus of liquid cooling competition has shifted from technical superiority to supply chain access and engineering delivery capabilities. The industry is accelerating the formation of a "strong get stronger" pattern, focusing on companies with comprehensive chain capabilities that are deeply bound to leading mainstream computing platforms. Announcement Express Slightly Positive Announcements 1. Semiconductor Manufacturing International Corporation: Issuing 547 million shares to 5 shareholders to purchase a 49% stake in SMIC North 2. JCET Group Co., Ltd.: Plans to invest 7.8 billion yuan to build a high-end advanced testing and packaging factory 3. Ccoop Group Co., Ltd.: Traders intend to increase their holdings by no less than 30 million yuan and no more than 50 million yuan Slightly Negative Announcements 1. Xiamen Zhongchuang Environmental Technology: Chairman Zhang Hongliang was criminally detained by the public security organs and resigned due to suspected criminal activities 2. Shenzhen S-King Intelligent Equipment: The actual controller and its concerted action person, shareholders with more than 5%, intend to collectively reduce their holdings by no more than 3% 3. Guangdong Deerma Technology: Shareholder Panmao Investment intends to reduce its holdings by not more than 5% Overseas Markets Self-selected brother's reminder: The three major U.S. indices closed up and down on Wednesday, with the Dow up 0.35% and the Nasdaq down 0.43%. Large-cap tech stocks mostly fell, with Tesla, Inc. (TSLA.US) dropping over 1% and Microsoft Corporation (MSFT.US) falling over 2%. The Nasdaq Golden Dragon China Index fell by 1.77%, and BABA-W (09988) dropped nearly 3%. This article is reprinted from "Tencent Self-Selected Stocks", GMTEight Editor: Chen Siyu.