VIP Opportunity Daily: Shanghai Composite Index reclaims above 3,900 points, computing power sector continues to surge. The column mentions concepts such as CPO, cloud computing, and other related companies see significant gains.

Source: Caixin Global

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Market Hotspot 1: Computing Power

CICC Huatai Securities stated that, against the backdrop of constrained overseas supply of computing power chips, cloud service providers may be more inclined to deploy domestic computing power clusters with better cost performance. “Performance going global” and “pricing going global” driven by dual engines are expected to help domestic large models sustain growth, and domestic computing power supply chains have attractive configuration value for cost performance.

《Hunt the Main Force on the Dragon-Tiger List》: Unveiling where the main funds went—find the logic behind the funds!

March 19, 21:34 《Hunt the Main Force on the Dragon-Tiger List》 tracked a market hotspot and pointed out that, as Alibaba Cloud and Baidu Cloud raised the prices of computing power products due to the AI demand surge, OYED’s computing power leasing business directly benefited from the improvement in industry sentiment. It recorded two consecutive daily limit-ups on March 24 and 25.

《Jiu Dian Special Supply》: A special breakfast news digest you must read before the market opens.

March 24, 08:15 《Jiu Dian Special Supply》 tracked that Applied Optoelectronics rose 9.39% intraday and rose 3% after the close, and pointed out that after the company announced it had secured a $53 million order for 800G module bundles after the close, it further rose by more than 3%. It offered optimistic guidance on demand in the optical module industry: the market size in 2026 is expected to grow by 1.5 to 2 times, and in 2027, it is expected to continue to multiply on that basis. It mentioned Mingpu Optics & Magnetics, which recorded a daily limit-up on March 25.

《Intra-Day Treasure Finder》: There’s “treasure” during the trading day—get there faster!

March 25, 09:23 《Intra-Day Treasure Finder》 published an article and cited analysts’ views, noting that: the number of Tokens being consumed has continued to rise; the AI computing power bottleneck will still persist in the near term. With continued growth in demand for computing power and Tokens in the AI era, cloud service providers and related upstream and downstream companies may benefit. The article mentioned Ganntronics and Oriental Guoxin. As of the close, Oriental Guoxin closed up 8.93%, while Ganntronics closed up 17.76%.

《Fengkou Research Report》: Identify “beyond-expectations” in advance—catch the next market “hotspot”!

March 22, 15:42 《Fengkou Research Report》 selected and reviewed a research report on “Source Photonics Technology,” and cited analysts’ views, stating that the company focuses on R&D of optical chips. Its silicon photonics high-power CW product has been launched and is widely used in fast-growing fields such as data centers and cloud computing. In CPO switches, the per-unit value of a single CW light source is expected to increase, and the required power will also further rise. The company actively taps potential growth drivers such as CPO. Benefiting from AIGC, its performance is expected to maintain rapid growth. Source Photonics Technology continued to surge, with a maximum rise of 10.08% over three days.

《Fengkou Research Report》: Identify “beyond-expectations” in advance—catch the next market “hotspot”!

March 24, 13:19 《Fengkou Research Report》 selected and reviewed a research report on “Yuguang Technology,” and cited analysts’ views, stating that as the scale of AI clusters expands, data center optical interconnect solutions are continuing to develop toward higher channel counts, higher levels of arraying, and higher-density integration. Optical modules are iterating from 800G to 1.6T, further driving the adoption of solutions such as OCS and CPO. The company has acquired overseas high-quality assets, including Germany’s LIMO, Switzerland’s SMO, and Singapore’s Heptagon, to continuously fill in core technologies such as internationally leading optical shaping and wafer-level optical fabrication. This positions it ahead in OCS and CPO. Yuguang Technology rose as much as 20.95% over two days.

《Stock Bulletin Interpretation》: Rapidly push important news—exclusive in-depth analysis.

March 23, 07:41 《Stock Bulletin Interpretation》 tracked an Interactive Yi clue involving “Zhongtian Technology,” then began a thorough review: the company is a core optical communications supplier for AI computing power, with core products fully covered. Bend-insensitive optical fibers support 400G/800G/T-class transmission. 224G high-speed copper cables are mass-produced, and 800G optical modules are shipped in batches. Dense optical cables meet the high-bandwidth needs of intelligent computing centers. It has mastered the full-chain technology for hollow-core optical fibers, and it was among the first in China to deploy at scale and enter China Telecom’s live network, helping Emirates Telecom complete a pilot and establishing a global benchmark—achieving a critical leap from technology to application. Zhongtian Technology surged for three straight sessions, with a maximum rise of 13.54% in the period.

《Stock Bulletin Interpretation》: Rapidly push important news—exclusive in-depth analysis.

March 19, 22:45 《Stock Bulletin Interpretation》 tracked “Token consumption under Alibaba’s platform is surging,” then posted a follow-up article covering it: Token demand “inflation” may become the core investment mainline for AI this year. Any related investment opportunities may quickly focus on the demand for inference Tokens. With strong policy support for areas such as computing power clusters, domestic computing power is expected to accelerate development. This article mentioned Jinko Technology, which has launched new product formats such as the Jinko full-cash purchase, the whole-village collection and busbar solution, the distribution area energy storage allocation solution, and a home solar + AI computing power model. Jinko Technology rose as much as 11.24% over four days.

Market Hotspot 2: Semiconductors

From the news flow, the SEMICON China semiconductor industry conference officially opened in Shanghai recently. In addition, SK Hynix announced plans to raise about $10 billion by listing in the United States. SK Hynix will use potential proceeds to build artificial intelligence infrastructure.

《Jiu Dian Special Supply》: A special breakfast news digest you must read before the market opens.

March 25, 08:20 《Jiu Dian Special Supply》 tracked an announcement from Unigroup Memory stating that the company signed a daily operating procurement contract with a certain storage original equipment manufacturer totaling $1.5 billion. It pointed out that if the contract is carried out smoothly, it will help enhance the stability of the company’s long-term supply of storage wafers and reduce the impact of storage wafer price fluctuations on costs. It surged 9.44% on March 25.

《Caixin Global Morning Watch》: Today’s recap + tomorrow’s outlook—selecting more valuable trading information.

March 24, 21:25 《Caixin Global Morning Watch》 stated that institutions believe strong AI computing power demand is driving a structural uptrend in the semiconductor industry chain’s business sentiment. It mentioned Changguang Huaxin, focusing on R&D, design, and manufacturing of semiconductor laser chips, aiming to promote localization of high-power semiconductor laser chips. It surged 14.38% on March 25.

《Fengkou Research Report》: Identify “beyond-expectations” in advance—catch the next market “hotspot”!

March 19, 13:11 《Fengkou Research Report》 selected and reviewed a research report on “Bocheng Co., Ltd.” and cited analysts’ views, stating that: as a leading domestic cleanroom supplier, the company has laid out the EPFC full-industry chain. In 2024, the semiconductor revenue share was 71%. It is deeply tied to leading players such as SMIC and benefits from the expansion of capacity for domestic advanced processes. Since its overseas expansion in 2023, growth has been rapid. In the first half of last year, overseas revenue increased 635% to RMB 260 million. Going forward, it will develop Southeast Asia and use modularization to break through the North American market. On March 25, Bocheng Co., Ltd. hit the daily limit-up; over five days, it rose as much as 17.7%.

《Fengkou Research Report》: Identify “beyond-expectations” in advance—catch the next market “hotspot”!

March 23, 20:15 《Fengkou Research Report》 selected and reviewed a research report on “Yaxiang Integration,” and cited analysts’ views, stating that: currently, the global semiconductor industry is facing a dual reshuffle—an “equipment investment super cycle” and “a surge in memory prices.” At the same time, domestic semiconductor manufacturers are also actively expanding capacity, and the company is likely to fully benefit from the expansion of capital expenditures. By the end of 2025, the company’s total outstanding order value is RMB 4.830 billion. Projects under construction include VSMC general mechanical and electrical engineering and MEP mechanical and electrical engineering. It is expected that the two major projects mentioned above will continue to contribute important increments to revenue performance. On March 24, Yaxiang Integration hit the daily limit-up; the next day it pushed higher again, with a maximum rise of 18.88% over two days.

Market Hotspot 3: Commercial Space

On March 24, the centralized kickoff meeting for commercial space industry projects “Aerospace District” was held in Yinghai Town, Yizhuang New Town.

《Caixin Global Morning Watch》: Today’s recap + tomorrow’s outlook—selecting more valuable trading information.

March 24, 21:25 《Caixin Global Morning Watch》 , an analyst said that commercial space is seeing a dense wave of catalysts. It mentioned Jiangshun Technology, which focuses on aluminum profile extrusion molds. Its product matrix is complete, and its products are used in the commercial space sector. It hit the daily limit-up on March 25.

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