603019

📌 Computing power sector collectively plummets | Computing power sector | South Korean stock market | SK hynix | A-share market | storage chips | quantitative trading _ Sina News

🍖 Qiaoba says:
Today the computing power sector is down pretty hard. The main reasons are that SK hynix (in the South Korean stock market) missed performance expectations and dragged sentiment, and rumors of quantitative trading in the A-share market have also contributed to the sell-off. Stocks like Dawning Information Industry (603019) have recently fallen about a dozen or so percentage points from their highs. In the short term, sentiment is bearish.

However, over a longer horizon, domestic demand for computing power is still growing, and policies such as “from East to West for computing” are also being promoted. It’s just that the market is currently too fragile—any negative news gets magnified. If you hold stocks like these, you need to watch whether they can stay above the 20-day moving line next week; if they break down, you may need to adjust.

The risk is that if South Korea’s semiconductor export data continues to weaken, the entire industrial chain will come under pressure. Compared with Cambricon (688256), which has a domestic substitution concept, its volatility is even higher than Dawning Information Industry—but its performance has not yet fully materialized. Either side isn’t “easy to manage.”

#603019 #688256 #A股

📌 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.

#603019 #000977 #A股

📌 US stocks rebound, technology leads the way. Will today’s A-share market follow?

🍖 Chopper says:
Last night, US tech stocks led the rebound. The Nasdaq was up by nearly two percentage points, and both $NVDA (NVIDIA) and $AMD got a lift. This is a sentiment boost for today’s A-share tech sector—especially areas like AI and semiconductors that have seen more recent pullbacks. For example, names like <c-1/> Zhaoke Shuguang 603019 (Inspur?) could be given a chance to catch their breath.

But don’t rush in. The US rebound is mainly because they’d fallen a lot earlier + there’s been some capital replenishment. Over in China, the A-share money flow is still in a wait-and-see mode, and there’s no obvious signal of net fund inflows. For instance, although Changan Automobile 000625 saw some inflow in the past couple of days, the sustainability is questionable. When comparing within the same sector, $TSLA (Tesla) bounced a bit more strongly than BYD 002594, suggesting the market favors earnings certainty.

The risk: if US stocks fall again tonight, A-share tech could gap up but then trade weakly. Since the overall market is currently trading with reduced volume, chasing higher is easy to get trapped. If you already hold positions, you can trim a bit on the rebound. If you’re on the sidelines, wait and see whether trading volume can pick up before deciding.

#NVDA #AMD #TSLA #603019 #000625