China Merchants Securities released a research report stating that although the CPI boot was launched this week slightly exceeded expectations, the market has basically completed pricing, and macro-dominated transactions may come to an end. The next stage of industrial changes will become the main line of market operation, and breakthroughs in the new model in the fields of agents and scientific research will gradually open up the AI profit ceiling. US stocks generally rebounded on Friday, but structural differentiation was obvious. The market rewarded marginal favorable changes and downplayed medium- to long-term logic. It is expected that A-shares will also interpret this logic. Subsequent suggestions focus on technological growth, the AI computing power chain, the CPO industry chain, and the direction of price increases for resource products.

China Merchants Securities released a research report stating that although the CPI boot was launched this week slightly exceeded expectations, the market has basically completed pricing, and macro-dominated transactions may come to an end. The next stage of industrial changes will become the main line of market operation, and breakthroughs in the new model in the fields of agents and scientific research will gradually open up the AI profit ceiling. US stocks generally rebounded on Friday, but structural differentiation was obvious. The market rewarded marginal favorable changes and downplayed medium- to long-term logic. It is expected that A-shares will also interpret this logic. Subsequent suggestions focus on technological growth, the AI computing power chain, the CPO industry chain, and the direction of price increases for resource products.