Interpretation of hot market news over the weekend

$上證指數 sh000001$ Yesterday, the market truly made history again, with the index standing above 3800 points. In the past, this was simply unimaginable. At the beginning of the year, it was said that 3674 points was definitely not the high point for this year, and the bull market starting point of 4000 points would definitely be broken. Looking at the current situation, 4000 points might even be a bit conservative, as the famous economist Mr. Liu has already set his sights on 5000 points. Do you think this target can be achieved?

Now let's talk about some hot news from last night to today:

1. Ministry of Industry and Information Technology: Orderly guide the moderately advanced and dynamically balanced development of intelligent computing power infrastructure

The performance of technology stocks in the past two days has been strong, mainly due to several reasons:

1. DeepSeek is going to adopt the UP8 chip, which means DS is officially saying goodbye to NVIDIA and no longer relying on it.

2. NVIDIA has asked some component suppliers to suspend production of the H20 chip. This H20 chip is not only expensive but also has a backdoor, so it is estimated that it will no longer be used domestically. NVIDIA's suspension of H20 production does not mean it will stop supplying, but rather switch to another chip. But the problem is, who dares to use it? This news has greatly benefited domestic chip companies like Cambrian, so the chip sector exploded yesterday.

3. The 2025 China Computing Power Conference opened on August 23 in Shanxi, and the Ministry of Industry and Information Technology stated that it will orderly guide the moderately advanced and dynamically balanced development of intelligent computing power infrastructure, which is definitely a positive for the computing power direction.

Looking at it this way, the market's hotspots in the later stage are estimated to still be in the technology direction, such as chips, semiconductors, and computing power related to artificial intelligence, which will definitely continue to perform well.

2. China Photovoltaic Industry Association: Resolutely resist malicious competition at prices below cost

Recently, the photovoltaic industry has been at the forefront of anti-involution, and the Photovoltaic Association has spoken out, resolutely resisting malicious competition at prices below cost, which is definitely a good thing for the photovoltaic industry. But the key is, will everyone comply?
The good news is that those who bought photovoltaic funds 4 years ago are now starting to make money. But the bad news is that a bunch of photovoltaic companies announced last night that their performance is all in the red. For example, Longi Green Energy had a net loss of 2.569 billion yuan in the first half of the year, Tongwei Co., Ltd. had a net loss of 4.955 billion yuan in the first half of the year, and TCL Zhonghuan had a net loss of 4.242 billion yuan in the first half of the year, and so on.

Photovoltaics used to be our flagship product, such a high-quality industry, but now everyone is losing money. So, the anti-involution must continue, and photovoltaics, lithium batteries, and new energy vehicles are definitely still the key areas of anti-involution.

3. Fed rate cut expectations rise, U.S. stocks surge

Last night, U.S. stocks had a delightful surge, with the Dow Jones up 1.89%, the Nasdaq up 1.88%, and the S&P 500 index up 1.52%. The surge in U.S. stocks was mainly due to two reasons:

1. Canada is going to cancel the retaliatory tariffs on several U.S. products.
2. Powell has 'defected' to the dovish camp, hinting that the Fed might cut rates in September, and now the probability of a Fed rate cut in September has risen to 91.1%.
If the Fed cuts rates, our side will have more room for easing, which is definitely a positive for A-shares. The A-share market is expected to continue to rise next week, and the grand drama of the capital market is ready to play a rousing symphony. Are you ready?

4. '9.24' market reappears, retail investors rush in

Now many bank apps' large certificate of deposit transfer areas are bustling, like a 3-year large certificate of deposit with a coupon rate of only 1.5500%, and after the transferor makes a concession, the transferee's expected annualized yield can reach 1.6112%. There are also large certificates of deposit of 200,000 and 7 million that are being heavily discounted, and some even regret it after just 4 days of deposit and are eager to transfer.

It was said before that as long as the index breaks through 3674 points, retail investors outside the market will definitely rush in, and now it seems that this prediction has come true. Once the profit effect ferments over the weekend, the market enthusiasm will burn like wildfire. The market is expected to continue to rise next week, but I must remind you that there may be a significant fluctuation around 4000 points, so everyone must fasten their seat belts.