【Afternoon Report】The ChiNext Index opened higher and continued to rise, up 4.81%. Over 5,000 stocks in the entire market are in the green, with AI chains experiencing a collective surge.

Ask AI · Does the AI industry chain boom signal the start of a new tech cycle?

I. 【Morning Session Market Snapshot】

Caixin April 8: In the early market session, the broader market rebounded across the board. The ChiNext Index rose more than 4%, the STAR Market 50 Index rose more than 5%, and the Shenzhen Component Index rose more than 3%. The half-day trading volume of the Shanghai and Shenzhen markets was 1.54 trillion yuan, up 470.6 billion yuan compared with the previous trading day. In terms of the market,热点 rotated quickly, with more than 5,000 stocks across the market rising. From the sector perspective, the AI industry chain saw a collective surge. The concepts of AI compute power leasing strengthened, and 大位科技, 行云科技, and 华孚时尚 hit the daily limit. The AI hardware concept rose rapidly: 中际旭创 rose more than 8%, hitting a new historical high, while 铭普光磁 and 东山精密 hit the daily limit. On the AI application side, performance was active: 蓝色光标 hit the daily limit (20cm), and 志晟信息 hit the daily limit (30cm). On the downside, the oil and gas concept sector adjusted collectively: 中曼石油 and 蓝焰控股 hit the daily limit lower, while 科力股份, 广汇能源, 通源石油, and others fell sharply. By the close, the Shanghai Index rose 1.92%, the Shenzhen Component Index rose 3.87%, and the ChiNext Index rose 4.81%.

For individual stocks, today in the morning session there were 80 stocks hitting the daily limit (excluding ST and newly listed shares that have not opened yet), with a board-filling rate of 83%. There were 9 stocks on consecutive daily limits: 汇源通信 hit four consecutive limits, 中安科 hit three consecutive limits, and 金陵药业, 中工国际, 粤传媒, 高乐股份, 通鼎互联, 科瑞技术, and 华远控股 hit two consecutive limits.

AI applications led the gainers, with daily-limit moves including 蓝色光标, 利欧股份, 电广传媒, 浙文互联, 引力传媒, 天地在线, and others.

According to Sensor Tower, on the news front, beginning in the first quarter of 2025, app submissions on the App Store continued to rise and accelerated noticeably in early 2026. Full-year 2025 submissions increased year over year by 30%, with a total scale approaching 600k. By the first quarter of 2026, quarterly submissions had already reached 235.8k.

Compute power leasing saw a breakout. Stocks hitting the daily limit included 平治信息, 大为股份, 利通电子, 莲花控股, and 杭钢股份. 东方国信, 优刻得, 青云科技, and 首都在线 rose more strongly.

CITIC Securities said that, with the boom in Agent applications and the multimodal ecosystem, there is a mismatch between capital expenditures and compute demand. Global Token usage is now entering a new round of accelerated growth, and over the next two years the cloud industry chain is expected to enter a “best year” characterized by both volume and price growth. In the cloud industry chain, demand is pushing up price levels, and the cloud industry chain is entering a period of both volume and price rising. The leading compute power leasing vendors have prominent positioning advantages, and higher leverage improves certainty of high growth.

Compute power hardware strengthened again. 中际旭创 rose more than 8%, hitting a new historical high; 铭普光磁, 东山精密, 世运电路, 剑桥科技, and others hit the daily limit. Individual stocks such as 生益电子, 东田微, 沪电股份, 永鼎股份, and 新易盛 posted leading gains.

Meanwhile, Western Securities pointed out that, driven by industry leaders, CPO is accelerating commercialization. The industry is also innovating with multiple technical routes, such as LPO, NPO, and XPO. We are currently in the early stage of industry acceleration, and the next three years are the core observation window for the rapid increase in CPO penetration rates and the gradual formation of supply-chain structure and value allocation across the industry chain.

Precious metals were also active. 西部黄金 and 招金黄金 hit the daily limit. Stocks such as 晓程科技, 湖南白银, 四川黄金, 中金黄金, 湖南黄金, and others rose more strongly.

On the news front, marginal improvement in the conflict between Iran and the U.S. led to a sharp drop in oil prices, which is favorable for gold and gold stocks. Spot gold has again risen above 4,800 dollars per ounce. In addition, data released by the People’s Bank of China showed that China’s gold reserves at the end of March were 74.38 million ounces, an increase of 1.6 hundred thousand ounces quarter over quarter, marking the 17th consecutive month of gold purchases.

Taking a comprehensive view, today’s morning session saw a collective rebound. The three major indices opened higher and rose strongly through the session. The ChiNext Index rose nearly 5%. More than 5,000 stocks across the market went green, and trading volume increased significantly as well. Among them, the AI industry chain surged across the board. AI applications, compute power hardware, compute power leasing, and other directions all posted leading gains. In addition, the precious metals sector also performed impressively, driven by international gold prices. On the other hand, sectors such as oil and gas and coal were in a period of adjustment. Overall, after an initial broad-based “up days” rebound, which directions can stand out and become the market’s key leaders is the focus that needs attention going forward.

Intraday Limit-Up Analysis Chart

II. 【Market News Focus】

1、Trump: Agrees to pause bombing and attacks on Iran within two weeks

U.S. President Trump said on the 7th that he agreed to pause bombing and attacks on Iran within two weeks. Trump said, “We received Iran’s ten-point proposal and believe it is a viable basis for negotiations. The U.S. and Iran have essentially reached consensus on nearly every point of contention in the past, but the two weeks’ time will allow the agreement to be finalized and completed.” (CCTV News)

2、In the “Fifteenth Five-Year Plan” period, Beijing will implement 100 major projects with total investment exceeding 4 trillion yuan

The full text of 《Beijing’s National Economic and Social Development Plan for the Fifteenth Five-Year Period》 was made public today. A reporter learned from the Beijing Development and Reform Commission that the plan’s outline adheres to organic alignment between strategic goals and implementation on the ground. It refines, makes specific, and projects the task arrangements, mapping out 100 major projects across 12 areas, with total investment exceeding 4 trillion yuan, ensuring that the plan’s goals and tasks are carried out effectively. The plan further reinforces the orientation toward high-quality development, strengthens alignment between targets and indicators, integrates task measures, and matches project layout. It sets out major strategic tasks across 13 aspects centered on key areas and crucial links for economic and social development, and emphasizes serving the overall work of the Party and the state at a higher level, advancing high-quality development with greater intensity, improving people’s well-being with better services, enhancing governance capacity with more practical measures, and coordinating development and security at a higher level.

(Caixin Finance)