Home » Northbound funds increased their positions by 23.5 billion in a single week! “Eyeing on” the Financial Associated Press, a provider of computing power concept stocks

Northbound funds increased their positions by 23.5 billion in a single week! “Eyeing on” the Financial Associated Press, a provider of computing power concept stocks

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Northbound funds increased their positions by 23.5 billion in a single week! “Eyeing on” the Financial Associated Press, a provider of computing power concept stocks

Northbound funds have been making significant moves in the stock market, with positions increasing by 23.5 billion yuan in just one week. Investors are particularly eyeing stocks related to the computing power concept, as evidenced by the recent activity in the market.

According to data from Choice, Northbound funds have been actively buying into companies in the household appliances and electronics sectors. Gree Electric Appliances and Midea Group were among the top purchases, with net buying amounts exceeding 300 million yuan each. Additionally, companies in the computing power sector, such as Xinyi Sheng and Inspur Information, also saw significant increases in positions.

Experts from Caixin Securities have emphasized the importance of computing power in the AI industry, noting that it continues to be a key factor in the development of AI models. As major AI model manufacturers compete in the arms race, investing in companies related to computing power could prove to be a lucrative strategy for investors.

While Northbound funds have been buying into certain sectors, they have also been selling off stocks in others. LONGi Green Energy saw a net sell-off of 482 million yuan, while Oriental Fortune, OFILM, and ZTE also experienced significant net sales.

Overall, it seems that Northbound funds are actively reshuffling their portfolios, with a focus on companies in the computing power concept. Investors will be eagerly watching to see how this trend plays out in the coming weeks.

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