A-share market opening express | What happened? A-shares continue to rebound, ChiNext index hits new high since June 19, 2015.

Has the war ended? The three major indexes of A shares continued to rebound, with the ChiNext Index rising by more than 1% at one point, hitting a new high since June 19, 2015. As of 9:40, the Shanghai Composite Index rose by 0.29%, the Shenzhen Component Index rose by 0.28%, and the ChiNext Index rose by 0.49%. From a news perspective, over the weekend, talks between the US and Iran collapsed, and after the US began blocking Iranian ports, US President Trump's latest statement on the 14th released more signals of easing tensions. According to reports from CCTV News and other media, US President Trump stated in a recent interview on the 14th that the US's "war" with Iran has "ended." Earlier that day, he also stated that talks with Iran could take place "within the next two days" in Pakistan. Rich Privorotky, head of the Delta One department at Goldman Sachs Trading Desk, pointed out, "The market seems to have declared victory in the 'war' with Iran, although the conflict itself has not truly ended." Huaxi stated that if policy support remains strong (especially market stability) and the main force of computing power continues, the market is expected to replicate the continuous rebound of October 2015; if geopolitical disturbances escalate and the main force weakens, the market may follow a similar trend to the rebound and subsequent fall in March 2022. It is suggested to maintain Isvision Technology for trading in the short term, and wait and see, without linear extrapolation before the key disturbance is completely settled. In the market, the quantum technology concept stocks opened high in the early trading session, with Digital China Information Service Group hitting the limit up; CPO concept stocks were active again in the early market, with Shenzhen Everbest Machinery Industry hitting the limit up, and Cig Shanghai rising by over 7%; the commercial aerospace concept was active again, with Guanglian Aviation Industry rising by over 10% and Western Metal Materials approaching the limit up. Popular Sectors: 1. Quantum Technology Concept Stocks Opened High Quantum technology concept stocks opened high, with Digital China Information Service Group hitting the limit up, and Koal Software, GuoChuang Software, Jilin University Zhengyuan Information Technologies, Quantumctek Co., Ltd., and FORSTAR showing significant gains. Comment: NVIDIA announced the launch of Ising, claiming to be the world's first open-source artificial intelligence model series focused on quantum computing calibration and error correction. The company said that these AI models will enable researchers and businesses to build better quantum computers, allowing for the large-scale operation of practical applications. Institutional Views: Huaxi: After a big rise, wait and see Looking to the future, if policy support remains strong (especially market stability) and the main force of computing power continues, the market is expected to replicate the continuous rebound of October 2015; if geopolitical disturbances escalate and the main force weakens, the market may follow a similar trend to the rebound and subsequent fall in March 2022. It is recommended to maintain Isvision Technology for trading in the short term, and wait and see, without linear extrapolation before the key disturbance is completely settled. Huaxi: Optimistic about the bullish trend of the lithium battery industry chain A research report from Huaxi stated that after passing through the relatively weak season of the industry, domestic sales of new energy vehicles in March recovered significantly, achieving rapid growth on a monthly basis. With the subsequent launch of new vehicles combined with the continuous highlighting of cost-effectiveness advantages, sales are expected to continue growing, driving the increase of upstream production. With the strong demand for energy storage and the increase in the capacity of new energy vehicles' single vehicle battery, the lithium battery industry chain has entered a new round of expansion cycle, driving the expansion of demand for upstream materials, with prices benefiting from the recovery of downstream sales volume, and various links expected to achieve a simultaneous increase in volume, price, and profit. Some links with limited early additional capacity are expected to gradually suffer from supply shortages, with processing fees having support for increases, especially in links with clear heavy asset attributes and improved product structure, such as copper foils and diaphragms. Huatai: AI glasses are expected to upgrade from current information prompt tools to intelligent agents sensing the world's information gateway Huatai believes that AI glasses are becoming one of the important hardware gateways in the era of intelligent agents. As large language models evolve from "passive response" to "active execution," AI glasses are expected to upgrade from current information prompt tools to intelligent agents sensing the world's information gateway (analogous to the eyes of crayfish). The global AI glasses market is currently in a crucial transition from "no display" to "with display." It is optimistic that Meta/Google will launch the next generation of products with stronger AI functionality in 2026/2027, further expanding the industry scale. The Chinese industry chain has laid out in key links such as Silicon-based OLED, optical waveguide, precision optics, ODM, lenses, CIS/LCOS, Micro LED, etc., and related leading companies have formed a strong systemic competitiveness in multiple core links of AI glasses. This article is reprinted from "Tencent Stock Selection". Editor: Li Fo.