On February 22, the three major indexes rebounded collectively, as of the close, the Shanghai index rose 1.27 percent, the Shenzhen Composite Index rose 0.76 percent, the ChiNext rose 0.31 percent, the Kechuang 50 index rose 0.96 percent, the North 50 index rose 1.04 percent. More than 4400 stocks in the two cities rose. Turnover in Shanghai and Shenzhen stock markets today was 822.4 billion yuan. Northbound funds net purchase 3.69 billion throughout the day, of which Shanghai Stock Exchange net purchase of 2.551 billion yuan, Shenzhen Stock Exchange net purchase of 1.138 billion yuan.

the concept stocks of computing power were the top gainers, with capital online (300846.SZ) up 17.69 percent, high-development (000628.SZ) up 10 percent and wave information (000977.SZ) up 5.12 percent.

on the news, the state owned assets supervision and administration commission of the state Council held a special promotion meeting on artificial intelligence for central enterprises on "AI empowering industry renewal", demanding to speed up the construction of a number of intelligent computing centers, carry out AI + special actions to build a number of multi-modal high-quality data sets for industries, and build a large-scale model empowering industrial ecology from infrastructure, algorithm tools, intelligent platforms to solutions. Guosheng Securities analysis believes that with the development of domestic artificial intelligence continues to obtain policy support, domestic computing power gradually accelerated, supporting the "water seller" demand boom will increase.

The coal sector strengthened, with Cloud Coal Energy (600792.SH) and Ping Coal (601666.SH) up 10 percent and China Shenhua (601088.SH) up 3.16 percent, continuing to hit a new stage high. On the news, Shanxi Province recently issued the "Notice on Carrying out the" Three Supers "and Special Rectification of Hidden Working Faces in Coal Mines." Among them, it is clear that before the end of February is the stage of self-inspection and self-reform of coal mining enterprises, and coal mining enterprises in the province must strictly follow the plan and comprehensively carry out the "three supers" and special rectification of hidden working faces.

Under the background of energy transformation and "double carbon", coal enterprises generally have a weak willingness to reinvest capital in the traditional main industry, and the number of new coal mines in the future is limited. Coal enterprises high profits are expected to continue for a long time, high cash flow background to continuously improve the dividend ratio, undervaluation, high dividend certainty enhancement, in the face of the current market trend of the volatile environment, the allocation value of the coal sector gradually highlighted.

The media sector was active, with Insai Group (300781.SZ) up 7.5 percent, Times Publishing (600551.SH) up 6.36 percent and Xinhua (603888.SH) up 5 percent.

Tianfeng Securities analysis pointed out that the great progress of generative AI in video creation and world model will realize the penetration of downstream application scenarios such as video, 3D and games. In downstream areas such as short videos, creative tools, and games, AI native products such as Sora are expected to integrate into workflows, enhance user experience, reduce user barriers, further reduce creative costs, and greatly expand the boundaries of creator capabilities.

the semiconductor sector also went up, with Shennan Circuit (002916.SZ) up 10 percent, Cambrian (688256.SH) up nearly 10 percent and Biwin Storage (688525.SH) up 7.25 percent.

According to NVIDIA's financial report, the company's revenue in the fourth quarter of 2024 was US $22.1 billion, an increase of 265 percent year-on-year and 22% month-on-month, exceeding market expectations of US $20.41 billion, setting a new record. Stimulated by this news, A- share chip stocks have strengthened. Analysts believe that the semiconductor industry is currently in the bottoming stage of the cycle. The recovery of the downstream market and the promotion of AI technology will promote a new round of semiconductor upward cycle.

On the list of declines, some medical stocks and beverage manufacturing stocks weakened, with microelectrophysiology (688351.SH) down 2.28 percent, Meirui Medical (300760.SZ) down 2.1 percent and Pearl River Beer (002461.SZ) down 1.24 percent.

Author: Flying Fish