Home » Shanghai Stock Index Returns to 3,000 Points, Communications Leads Artificial Intelligence_ Oriental Fortune Network

Shanghai Stock Index Returns to 3,000 Points, Communications Leads Artificial Intelligence_ Oriental Fortune Network

by admin
Shanghai Stock Index Returns to 3,000 Points, Communications Leads Artificial Intelligence_ Oriental Fortune Network

The Shanghai Stock Index returned to 3,000 points on Tuesday as A-shares opened lower but rose throughout the day. The market saw gains in the afternoon, with the Shanghai Stock Exchange Index rising more than 1% and stabilizing at 3,000 points. The Shenzhen Stock Exchange Component Index and the ChiNext Index also saw gains of more than 2%, while the Beijing Stock Exchange 50 surged over 5%. Northbound funds increased their positions by over 10 billion yuan, with more than 5,000 stocks rising and over 100 reaching their daily limit.

The first year of 5G-A commercialization has arrived, with the 6G concept gaining strength. The Communications ETF (515880) rose 6.7% on February 27. At the World Mobile Communications Conference (MWC24), Huawei showcased 5G-A product solutions for various scenarios, stating that 2024 will be the first year of 5G-A commercialization. Other companies such as ZTE and China Information Technology also introduced their latest innovations in 5G-A technology at the conference.

Nvidia announced the establishment of the AI-RAN Alliance at MWC24, aiming to integrate AI technology into the telecommunications industry. The alliance includes major tech giants like Microsoft, Amazon, Samsung, and Nokia. Additionally, 10 countries, including the US and UK, issued statements supporting the development principles of 6G networks.

In the communications sector, the strong performance was catalyzed by the increasing 5G penetration and the positive market sentiment towards AI and computing power. The valuation of the CSI All-Share Communications Equipment Index indicates potential investment opportunities in the sector.

The computer ETF (512720) also saw gains on February 27, focusing on AI, computing power, and data elements. The State-owned Assets Supervision and Administration Commission emphasized the development of artificial intelligence in central enterprises to accelerate industrial renewal.

See also  Zhejiang Construction Investment: Cash returns are promising and future development can be expected_公司

In the gaming and film industries, advancements in AI technology are driving innovation and efficiency. The game ETF (516010) and the film and television ETF (516620) both saw positive growth on February 27. The normalization of game version numbers and the potential catalyst of Apple MR are expected to further boost the industry.

It is important to note that investments in funds and securities carry inherent risks, and investors should analyze and assess these risks before making investment decisions. The market trends in the AI, communications, gaming, and film industries mentioned in this article are for reference only and do not constitute investment advice.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy