Recently, the A-share market has seen a rapid rotation of hotspots, shifting from a technology-driven focus in August to sector differentiation in early September. Many investors are asking: which directions should we focus on next? Today, let’s discuss several key opportunities in the current market based on the latest policies, industry dynamics, and market changes, using straightforward language to clarify our thoughts.
1. Can AI Applications Make a Comeback? Opportunities from the SCO Meeting and Google’s New Model, Focus on These Companies
The AI application sector has recently been somewhat “stifled.” On August 26, the “Opinions on Deepening the Implementation of the ‘Artificial Intelligence+’ Action” was released, which was expected to be a significant boost. However, the next day, the sector opened high but closed low, remaining sluggish for several days, clearly showing that “good news did not lead to gains.” But now, a turning point may have arrived—at the SCO meeting, China clearly stated its intention to build a cooperative center for AI applications with various parties, sharing development dividends, which adds fuel to the overseas deployment of AI applications.
More importantly, overseas developments are noteworthy: on August 26, Google launched its new image generation model, Gemini 2.5 Flash Image (codenamed “Nano Banana”), which has shown impressive results in tests—it can combine multiple images into a new scene, understands geography and architectural structures, and even converts 2D maps into 3D landscapes. This indicates that the technological implementation of AI applications is accelerating, and AI companies in the A-share market with overseas business layouts are likely to benefit from this wave of technological dividends.
However, it is important to remind everyone that the “stock nature” of AI applications has not been very good, with previous instances of “good news leading to declines.” Whether this time it can break free from this pattern depends on whether there is sustained capital inflow. If it can start from a low position and maintain its gains, it is likely to initiate a new market trend, which is worth closely tracking; if it continues to open high and close low, we may have to wait for another opportunity.
2. Can Cambricon Still Be the “Leader of Domestic Chips”? Goldman Sachs Raises Target Price, What is Alibaba’s Clarification?
When it comes to domestic chips, many people think of Cambricon (often referred to as “King of Chips” by investors). Recently, Goldman Sachs raised its 12-month target price to 2104 yuan, which caught the attention of many investors. However, it slightly adjusted yesterday for two reasons: first, it had risen too quickly, leading to short-term profit-taking; second, Alibaba clarified that while “supporting domestic chips is true, the news of large-scale procurement from Cambricon is not accurate,” which made some funds hesitant.
But there is no need to panic; as the leader of domestic AI chips, Cambricon’s core logic remains intact—there is an increasing domestic demand for “self-controllable” technology, especially in the AI field, where there is significant room for domestic chip replacement. The future performance of the entire self-controllable sector will still depend on Cambricon: if it can stabilize its stock price and even rise again, other domestic chip companies may also become active; if it continues to adjust, the sector may need more time to consolidate. However, it is important to note that chip stocks are highly volatile, and everyone should operate according to their risk tolerance, avoiding blind chasing of highs.
3. Can Industrial Mother Machines and Humanoid Robots Break the Ice? Dual Benefits from Policies and Sales, Overlapping Varieties Have Opportunities
The robotics and industrial mother machine sectors have been somewhat “quiet” recently, but two recent pieces of news may stir them up: first, two departments issued the “High-Quality Standard System Construction Plan for Industrial Mother Machines,” which sets a clear direction for the development of industrial mother machines; second, the People’s Daily reported that this year, the sales of humanoid robots in China are expected to exceed 10,000 units, a year-on-year increase of 125%, also mentioning that humanoid robots are developing “faster, higher, and stronger.”
More critically, there are many overlapping varieties in these two sectors, such as lead screws and spindles—these core components are used in both industrial mother machines and humanoid robots. The robotics sector has been dormant for a long time, lacking popularity, and could only occasionally follow market rotations. However, with the dual benefits of policy support and sales growth, it may break the deadlock. It is important to note that the activation of such sectors often requires concentrated capital inflow; everyone should first pay attention to companies with performance support and leading technology, avoiding blind following.
4. Is September a Good Time for “Small Stocks”? Low-Priced Stocks Are Starting to Become Active, Slow Bull Market Needs to “Bloom in Full”
Yesterday, there was a noticeable change in the market: small-cap stocks performed well, and low-priced stocks began to surge on the gainers’ list. This indicates that active funds in the market are starting to move away from previously high-priced technology stocks to seek opportunities at lower levels. This aligns with the “bull market memories” of many veteran investors—during a slow bull market, when high-priced stocks have risen significantly, low-priced stocks often have opportunities for catch-up.
Looking back at August’s market, it was essentially a “one-man show” for technology stocks, with AI and chips performing strongly; however, the situation may change in September. There are more and more high-priced stocks above 100 yuan in the A-share market, and relatively speaking, low-priced stocks have more advantageous valuations. Many low-priced stocks belong to traditional industries that have not seen much increase, and now funds are starting to pay attention to them, which can be seen as a form of market style balance.
It is important to remember, “A single flower does not make spring; a hundred flowers blooming is spring”—if only technology stocks rise in a bull market, the trend is unlikely to last. Only when both large and small stocks rise together, and different sectors rotate, can the market trend continue further. Therefore, in the coming days, everyone should pay more attention to those small-cap stocks with low valuations, especially those with improving performance and policy support, as they may uncover “treasures.”
5. Can the Market Stabilize? Don’t Panic Over Volume Shrinkage, Volume is Key
Finally, let’s discuss the situation of the market: yesterday, the total transaction volume of the two markets was 27.776 billion, which, although slightly reduced compared to before, remains at a high level; with 3208 stocks rising and 122 hitting the daily limit, it shows that market sentiment is still present, and the profit-making effect is not bad. However, it is important to note that some stocks in the CPO sector (such as the one jokingly referred to as “Yi Zhongtian”) have risen too sharply, nearing “sky-high” levels, and such extreme market conditions may lead to short-term fluctuations, so everyone should be cautious of the risks associated with high-priced stocks.
In the coming days, the market is likely to maintain a slow bull oscillation, without significant ups and downs. The key to determining whether the market will cool off lies in the volume—if the total transaction volume remains above 2.5 trillion, funds will still be in the market, and the trend can continue; if the volume continues to shrink below 2.5 trillion, caution is warranted, as there may be a risk of correction.
Overall, there are many opportunities in the A-share market in September, with highlights in AI applications, domestic chips, industrial mother machines, humanoid robots, and low-priced small stocks, but there are also risks (such as high-priced stock corrections and rapid sector rotations). There is no need to be overly concerned about “having to seize every opportunity”; as long as you find the direction you are familiar with, control your positions well, and avoid chasing highs and cutting losses, you can earn your share of profits in a slow bull market. Lastly, it is important to remind everyone: the above content is merely market analysis, not investment advice, and everyone should take responsibility for their own trading.
