A-share Pre-market Report | Rate Hike Lands Alongside Falling Oil Prices, U.S. Stocks Surge Late at Night, Tech Stocks Explode

Pre-market Highlights 1. Rate hike lands alongside falling oil prices; U.S. stocks and bonds rally together, chip index up over 3%, gold up nearly 2% Type: Market Sentiment impact: Positive Market panic following the Fed's rate hike quickly dissipated. Oil prices fell for a second consecutive day, providing support for cooling inflation expectations. U.S. stocks and Treasuries both rebounded on Thursday, with the S&P 500 posting its largest single-day gain in six weeks and the Nasdaq rising 1.69%. AI hardware stocks and chip semiconductor stocks surged, with the Philadelphia Semiconductor Index up 3.14%. Spot gold rebounded sharply, briefly touching the $4,380 mark intraday before closing up 1.82%. 2. Jensen Huang makes major statement! Nvidia's chip sales next year will be double this year's Type: Company Sentiment impact: Positive Jensen Huang said that as artificial intelligence further penetrates industries including healthcare, manufacturing, and financial services, the company's chip sales next year will reach twice this year's level. This is another strong growth expectation recently released by Nvidia, indicating the company may maintain large-scale growth momentum in the coming quarters. Huang also noted that the current bottleneck is not demand, but Nvidia's capacity to produce the chips. 3. Ministry of Commerce: China-U.S. trade teams maintaining close communication on tariff reduction and other issues Type: Macro Sentiment impact: Positive The Ministry of Commerce held a regular press conference on the 17th. Spokesperson He Yadong, responding to a question about the latest progress in consultations on the arrangement for the two sides to mutually reduce tariffs by $30 billion, said that the Chinese and U.S. economic and trade teams are currently maintaining close communication on relevant issues and will release progress in due course. 4. Contemporary Amperex Technology plans to invest 1.4 billion yuan to build 40,000 tons of annual lithium carbonate capacity in Ya'an; lithium prices have fallen over 20% in September Type: Industry Sentiment impact: Negative As lithium carbonate prices decline, Contemporary Amperex Technology is still preparing to expand lithium salt capacity. Contemporary Amperex Technology plans to invest 1.4 billion yuan to build annual capacity of approximately 40,000 tons of lithium carbonate, 30,000 tons of lithium dihydrogen phosphate, and 130,000 tons of anhydrous sodium sulfate. On September 16, the main lithium carbonate contract LC2701 on the Guangzhou Futures Exchange closed at 125,820 yuan/ton. The contract peaked at 162,860 yuan/ton in early September, and as of the intraday low on September 16, the cumulative decline was approximately 23.9%. Investment Calendar Housing and Urban-Rural Development Press Conference Investment Tips If investors avoided tech stocks during the bubble period, their portfolios could hold up even during bear markets. Jeremy J. Siegel, "The Future for Investors" Institutional Views 1. Guosen: Macro and micro fundamentals continue to recover, stock market sentiment has not become extreme, A-shares remain in the third stage of a bull market. 2. Orient: The Shanghai Composite Index is running above 3,850, with a high probability of a bottom; the market is expected to challenge above 3,900 in the future. 3. China Galaxy: Recent trading has shown a pattern of shrinking volume and consolidation, with stock-game capital concentrating toward directions of relatively higher certainty. Positive and Negative Outlook 1. Tesla Siasun Robot&Automation mass production accelerates, launching a new round of China supply chain factory audits Type: Market buzz Huafu Securities: The Siasun Robot&Automation industry is fully transitioning from "technological breakthroughs" to a new stage of "demand fulfillment and mass production delivery." Core component suppliers that have passed whole-machine manufacturer verification and possess batch delivery capability are expected to benefit first. 2. Due to insufficient rainfall, India's rice output may see the largest decline in 16 years Type: Market buzz Jianghai Securities: El Nio's impact on global climate is significant and will increase the probability of extreme weather and climate events in some regions. Extreme weather will strengthen market attention to food security and Shenzhen Agricultural Power Group prices, catalyzing a rally in the planting sector. 3. Data center arms race extends to power facilities; Amazon signs seven-year major deal with Generac Type: Institutional hot take CMSC: Looking at both demand and supply, overseas AI data center construction is still accelerating, but equipment supply bottlenecks will be difficult to significantly ease in the short term. Continue to focus on directions such as gas turbines. Announcement Express Positive announcements 1. Jiangsu Hengrui Pharmaceuticals: First A-share buyback of 335,000 shares, 14.5036 million yuan paid 2. Fujian Expressway Development: Controlling shareholder plans to increase holdings by 130 million to 230 million yuan 3. China Nerin Engineering: Signs approximately 3.378 billion yuan overseas copper tailings leaching plant project contract Negative announcements 1. Anhui Ankai Automobile: Shareholder Anhui Provincial Investment Group plans to reduce holdings by no more than 0.85% 2. China Jushi Co., Ltd: Second-largest shareholder Zhenshi Group reduced 28.33 million shares from September 15 to 17 3. Huiyu Pharmaceutical: Shareholder Huang Qianyi plans to passively reduce holdings by no more than 2.46% Overseas Markets Editor's note: The three major U.S. stock indices rebounded sharply. The Philadelphia Semiconductor Index rose 3.14%, AI hardware stocks and chip semiconductor stocks surged, and the triple-leveraged semiconductor ETF-Direxion jumped 10.44%; large-cap tech stocks rose broadly, with Nvidia up 2.54% and Tesla up 2.27%. This article is reprinted from "Tencent Self-Selected Stocks." GMTEight editor: Chen Siyu.