Market Review: The market opened steadily today, with the index fluctuating around the average line of the intraday chart, with a maximum amplitude difference of 25 points. The index closed with a low-position doji star, with technology stocks leading the gains, while tourism and hotel catering sectors, which had significant gains last week, saw the largest declines. Most individual stocks fell, with fewer rising. In the sector of self-controllable/chip semiconductors: today, the semiconductor industry chain saw significant gains, which was expected. In the news: Alibaba’s self-developed AI chips and several domestic AI chips were showcased; the Cyberspace Administration of China required tech companies like ByteDance and Alibaba to stop testing and ordering the NVIDIA RTX Pro 6000 chips. Commentary: In the short term, the investment performance of domestic semiconductor wafer fabs in 2025 is relatively flat, but with the new projects of leading domestic storage manufacturers expected to start and advanced logic manufacturers increasing production capacity, semiconductor equipment is likely to enter a new phase of rapid growth. In the long term, the direction of domestic semiconductor equipment localization is clear, and there is vast development space ahead. The self-developed testing and the blockade against NVIDIA are paving the way for domestic alternatives, and the industry chain remains optimistic in the short term. Robotics: Huawei Cloud announced the first batch of partners for the Embodied Intelligence R2C protocol, and the robotics industry has been continuously catalyzed recently. Tesla’s official Weibo account released its first post showcasing its humanoid robot; both new orders and capital operations in robotics companies are advancing. Commentary: Robotics is undoubtedly one of the main lines of the current market, especially in the humanoid robot sector, which is flourishing across various sub-industries. Despite a significant drop in the robotics sector index last week, there was still a large inflow of funds, indicating that the market for this sector is not over and is in a continuous rotation. Besides the Tesla chain we have been discussing, the Huawei chain has also entered our sight, and this industry chain remains optimistic about future trends. Index: The index showed a weak and fluctuating market today, still operating within the 3800-3900 range. By the close, it formed a small candlestick with a lower shadow, indicating continued consolidation at this position. Since it is at the bottom of the range, it has the potential for upward movement, with the core sectors still being technology, robotics, and solid-state. The theme of the visible future of Earth can be centered around **AI computing power and energy infrastructure
Advanced semiconductors and packaging
Industrial robots/humanoid robots and automation software
Low-altitude economy (eVTOL/drone systems)
Energy transition “strong grid + energy storage + power electronics”
GLP-1 as a representative of metabolic biomedicine and CDMO (innovative drugs)
Satellites and near-Earth orbital space economy
On-chain finance and RWA (compliance assets on-chain)