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Event
(Computing Power)
1. Moores Threads Intelligent Technology (Beijing) Co., Ltd. has successfully passed the listing review committee meeting of the Shanghai Stock Exchange for its initial public offering.
2. The National Development and Reform Commission and six other departments issued several measures to strengthen the cultivation of innovative enterprises in the digital economy. The document emphasizes the need to strengthen the support for computing power resource supply and to deeply implement the “East Data West Computing” project.
3. On September 26-27, the AICC2025 Artificial Intelligence Computing Conference was held in Beijing, where the “Beijing Plan” for super-node intelligent computing applications was released. Major companies like Alibaba, ByteDance, and JD.com are increasing their investments in the AI industry, and domestic manufacturers have made breakthroughs in niche areas such as liquid cooling.
Interpretation:
The approval of Moores Threads signifies that the domestic GPU is entering a substantial phase for listing, likely to officially land on the A-share market by the end of the year, benefiting companies in the industry chain (such as Xincai Yingcai, Zhongjia Bochuang, Xinjin Power, Cambridge Technology, etc.). Meanwhile, the continuous support from policy levels for computing power and AI applications, combined with the industrial signals released by the conference, indicates a revaluation window for domestic computing power. In the short term, technology stocks are experiencing differentiated adjustments, but the long-term logic in this direction remains solid.
Event
(Robots)
1. On September 27, Musk posted on X platform: “Tesla is working hard on scaling Optimus.”
2. Optimus 2.5 was recently visited by the chairman of the UAE National Media Office and was invited to participate in the BRIDGE Summit in Abu Dhabi in December.
3. Yushu Technology CEO Wang Xingxing stated on September 26 that the company’s robot algorithms have undergone multiple iterations, and a 1.8-meter tall humanoid robot will be released in the second half of the year.
4. Domestic industry data shows that by 2025, the application scenarios for robots will accelerate expansion, with related manufacturers expecting sales growth to exceed 50% this year, directly benefiting the industry chain companies.
Interpretation:
The Tesla GEN3 robot is expected to be finalized in the fourth quarter, and Yushu’s IPO is also expected to make new progress by the end of the year. Coupled with the rapid penetration logic of domestic AI robots from “1 to 100,” the sector’s heat is expected to continue to rise. Robots have become the next high-growth track following new energy vehicles and computing power.
Event
(Digital Currency)
1. The Federal Reserve will hold a “Payment Innovation” meeting on October 21, discussing topics related to stablecoins, artificial intelligence, and tokenization.
2. The market expects that stablecoin licenses will officially land in September-October, accelerating the global compliance process.
Interpretation:
Digital currency is entering a policy-intensive period at the international level. The Federal Reserve’s signals indicate that stablecoin regulation and application are entering a deep-water zone. If licenses are issued, the domestic industry chain will also face a revaluation, potentially becoming a key direction for capital rotation in the short term.
Related A-share targets (Dongxin Peace, Hengbao Co., Sifang Jingchuang, Jingbeifang, Zhongyou Capital, etc.) are receiving early capital layout.
Event
(New Energy/Solid-State Batteries)
1. The industrialization of solid-state batteries along multiple technical routes is accelerating, with institutions predicting that market demand will reach hundreds of billions by 2030.
2. The National Energy Administration’s latest statement: using non-electric utilization as a breakthrough point to broaden the utilization paths of new energy.
Interpretation:
The new energy track, after experiencing earlier fluctuations, is providing new growth logic for the medium to long term with the acceleration of solid-state battery industrialization. Coupled with policies expanding new energy utilization scenarios, industry valuations are expected to stabilize and rebound, possessing strategic allocation value. Related companies (Jiaze New Energy, Donghua Technology, Fangyuan Co., Yicheng New Energy, etc.) are receiving attention in the capital market.
Event
(Domestic Aircraft Carriers)
According to CCTV News, from May 2024, the Fujian ship will start its first sea trial, and by September 2025, it will complete key catapult tests. In just over a year, it has successfully completed multiple rounds of sea trials, far exceeding expectations. Currently, the training for the launch and landing of the three types of carrier-based aircraft has been completed, and the People’s Navy’s “three aircraft carrier era” is about to arrive.
Interpretation:
The imminent commissioning of the Fujian ship not only signifies a qualitative change in China’s aircraft carrier combat capabilities but also marks the entry of regular ocean deployment into the operational phase. Advanced technologies such as electromagnetic catapults and integrated power systems will continue to be applied in subsequent aircraft carriers, providing sustained benefits to the national defense technology industry chain.
Risk Disclosure
The views in this article are based on the information available and do not represent specific investment advice. Investors must make independent trading decisions.