The momentum of the top 50 innovation and technology companies is comparable to the semiconductor frenzy in Philadelphia. The surge in AI computing power has ignited a bull market in A shares! The earnings season and the entrance of residents' savings into the market may trigger a new round of bull market.

According to the Securities Times app, as the hardware technology stocks closely related to the Chinese stock market and AI computing power infrastructure have skyrocketed, especially the top domestic chip manufacturers in China's Sci-Tech 50 Index have seen strong gains comparable to the Philadelphia Semiconductor Index covering AI giants such as Nvidia and Micron, as well as the most crazy rising South Korean Kospi Composite Index this year. The next challenge is to deliver even stronger performance than expected to support this rapid rise. The surge in spending by global mega-scale cloud computing companies on AI computing power infrastructure, combined with the long-term promotion by the Chinese government to cultivate domestic technology champions, has driven the Sci-Tech 50 Index, which is dominated by chip stocks, to record a 64% increase this quarter. Investors have withdrawn funds from struggling Chinese A-share market consumer and retail stocks, further amplifying this trend.