000977

📌 After-lunch A-share market saw a one-way decline; all three major stock indexes closed lower: the compute-power industry chain stayed active

🍖 Chopper says:
Today, most major A-share indexes fell, but the compute-power sector was surprisingly active. For example, Inspur/ <???> (603019) likely traded in a range of 35–40, and in the past month it has risen by nearly 15%. This rally has mainly been driven by policy support—at the national level, there has been continuous emphasis on the digital economy and AI infrastructure. On top of that, Nvidia’s chip demand has been booming, and domestic compute-power companies have been “riding the wave.”

However, do note that valuation for compute-power stocks is no longer cheap. The P/E ratio of Inspur/ <???> is close to 60x, which is significantly higher than the industry average. Compared with Inspur Information (000977), which hasn’t risen as much recently, it has the advantage of more stable performance—its profit growth rate in Q1 was about 20%. If you want to get in, either wait for a pullback to buy or choose a leading stock with stronger earnings certainty.

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