古登堡

What the leader says should be kept on your lips and in your heart.

Comrade Musk, the richest man in the world, has done a great job of putting this into practice.

The moment Supreme Leader Trump said he wanted to turn artificial intelligence (AI) into superintelligence (SI), Musk promptly put it into action.

And so, SpaceXAI was gloriously transformed into SpaceXSI.

And it’s not just America doing this. Think back a few months, when our own government was enthusiastically pushing to turn “tokens” into “word units.”

The key to productivity is never to use foreign words—that’s how you boost confidence in AI sovereignty.

The AI revolution you imagined: building large models and developing AI applications.

The AI revolution in reality: renaming things and giving them a new coat of paint.

I don’t know what you think, but I’m honestly speechless.

One last thing: this SpaceXSI design is nowhere near as good as the previous one.

New quality productive forces really shouldn’t become a hype gimmick.

Just look at the aerospace sector and Unitree Robotics’ stock performance—it’s all a stark reminder of the cost.

Of course, the bigger problem now is that nobody’s hyping anything anymore.

Well, there you have it: ask for a hammer, get hammered.

U.S. stocks can fall too. Even the S&P 500 has spent years going nowhere when you look at the long term.

But you have a solid foundation of confidence.

A-shares are different. The brakes have failed; it's a fatal crash.

Who knows—you might not live to see the sun rise tomorrow.

There was a milestone moment in this latest slump in A-share tech stocks:

ChangXin Technology went public.

As the purest memory-stock play on the A-share market, ChangXin’s listing drew the attention and capital of virtually the entire market at the time.

That, in turn, triggered sharp declines in other memory stocks, including Longsys and Demingli.

After that, other AI hardware stocks—such as optical module, PCB, and semiconductor equipment makers—also fell one after another.

Throughout this period, ChangXin’s share price remained remarkably stable. No matter how fiercely the winds blew and waves crashed, it stood firm.

But now, even ChangXin—the toughest of them all—can no longer hold its ground.

Could the plunge in this mega-giant’s market value be the final act of this downturn?

I don’t know, but history suggests this could be a window to take a shot at a rebound.

If you haven’t reduced your position already, I think there’s probably no need to do so at this point.

A reversal will likely be difficult, but a rebound is possible. There may be opportunities for short-term swing trades.

I'm fucking fed up with Zhongji Innolight, Eoptolink, and the rest. They put out announcements that said absolutely nothing.

Let me ask you: who questioned your production and business operations? Wasn't the criticism about your excessively high valuation multiples?

And besides, what can you actually guarantee? If the Americans impose a ban, what can you do about it? What are you even able to do?

And then there's Eoptolink's buyback. 800 million yuan—who are you trying to impress? Who are you trying to piss off?

Also, if you announce a buyback but don't say the shares will be canceled, I'm calling it a dirty trick. You're all old hands at this—why put on this ghost-story act?

Come to think of it, CATL's buyback was bad enough. Is Eoptolink trying to piss me off even more?

Sure, the broader environment is partly to blame for the A-share market looking like this, but I have to say: none of you up there are exactly blameless.
#A股 #光模块

Yesterday, market rumors claimed that a major institution in the A-share market had been liquidated.

And that the target was the funds crowded into optical module leaders like Eoptolink and Innolight.

That’s a good thing!

One of the key signals that the market is bottoming out is when the whales’ bloodied positions are forced onto the market.

The sooner and more aggressively, the better!
#A股 #爆仓了

From its former peak of 467 to 227 today, CATL has officially been cut in half.

Here’s another little-known fact:

CATL’s current dividend yield has reached 3.29%.

What does that mean?

The dividend yields of China’s Big Four banks—ICBC, ABC, BOC, and CCB—are:

3.73%, 3.5%, 3.29%, and 3.51%, respectively.

In other words, CATL’s dividend yield is now on par with that of the Big Four banks.

Haha, a growth stock has been beaten down so badly that it’s ended up at the dividend-stock table.

Markets are always born out of despair. Although CATL is currently caught up in the “de-CATL-ization” scare, its technical strength and brand power speak for themselves.

Besides, I don’t believe every new energy vehicle maker can do everything in-house.

At this level, I’m planning to start with a small position for observation.

One last thing: this is purely my own investing obsession, and I don’t recommend that anyone follow suit.
#宁德时代