This Month's Core Focus Remains on AI Computing Power and Robotics

The Xiaomi Core team has released its first inference large model, MiMo, which may accelerate updates and iterations at the software, hardware, OS, and chip levels.
The first HarmonyOS computer will be released in May, breaking free from dependence on the Windows system and building a self-controlled, all-scenario ecosystem.
Elon Musk stated that Tesla’s humanoid robot could be the fastest product to achieve large-scale production in history.

Macroeconomic Environment: No geopolitical deterioration or new negative factors, the impact of tariff events has diminished, and both Hong Kong and US stocks have surged, creating a friendly macro environment for May.
Technology Sector News
Other Non-Technology News: Involves Taobao Flash Delivery, international oil production increase and price drop, movie tariffs, etc.

Personal Opinion

Pre-Holiday Review: Some institutions have exited, releasing liquidity from banks, leading to a broad rise in technology stocks, with AI computing power and robotics leading the charge. The market has seen slight volume increase, and the profit-making effect is good, but essentially it is a rotational attribute, with funds speculating on holiday benefits and post-holiday capital inflow.
Next Week’s Strategy: Be cautious of high openings followed by declines; this month’s core focus remains on AI computing power and robotics. Given the impact of tariff events, the market will not sustain a rebound; the main focus will be on index protection and sector rotation; smaller movements will see banks and technology sectors alternating.

Hot Sectors

Strong Points: Strong resonance between edge-side performance and expectations, combined with the May launch of HarmonyOS PCs and rumors of chip standardization.
New Changes in Domestic Substitution: Analog chips and power chips have lost cost-effectiveness due to high tariffs on overseas products, creating significant space for domestic substitution.

Speculative Play: Pay attention to active AI stocks for price surges; speculative funds supporting Hongbo Co., Ltd. for four consecutive boards will benefit the emotional capital inflow into the AI sector.

AI Hardware: Microsoft’s and Meta’s AI service revenues exceeded expectations, igniting bullish sentiment; the A-share AI computing hardware outlook for the second quarter is not pessimistic. Domestic hardware (such as Guangxun Technology, Huagong Technology, etc.) has accelerated in the first quarter; Nvidia’s chain prioritizes new varieties (such as Hewei Electric, Shenghong Technology, etc.) and secondary older varieties (such as Xinyisheng).

The Ultimate AI Domains Computing Power
Semi-Conductor Chain
HW Concept: The May HarmonyOS PC catalyzes many related concepts, including Huaqin Technology, Softcom Power, Chipsea Technology, Digital China, etc.
Robotics: Continue to be optimistic; active stocks have returned to pre-tariff event levels, such as Shuanglin Co., Ltd., Changsheng Bearing, etc.
Other Directions: Focused on rotation, with a transaction volume of 1.2 trillion, speculation is primarily within a few active stocks in the same sector.

This Month’s Core Focus Remains on AI Computing Power and Robotics