Introduction: ① Yesterday, the market withstood the influence of external declines and rebounded, with the three major indices closing in the red, but the trading volume shrank, indicating a short-term chaotic state facing directional choices; ② Yesterday, computing power stocks welcomed a return for correction, with the state-owned cloud concept strengthening in advance, and the construction of datacenters is also expected to continue trending; ③ Nonferrous metals were active, and small metals retained strong continuity due to price increase logic, regarded as an important side branch in thematic rotation.

Yesterday, the market withstood the impact of the drop in the external market and successfully rebounded from the lows, with all three major Index closing in the green. However, due to the further contraction in trading volume, the short-term market still leans towards chaos, and may face a choice of direction in the future.

From the market perspective, yesterday the sectors of Military Industry, Baijiu (Chinese Liquor), and Pork saw gains, but clearly these directions are defensive. In the late trading session, the index's recovery relied on the computing power sector. The strongest among these was the state-owned cloud direction, with Shanghai AtHub soaring for a trading limit, and Dawei Technology following suit. Additionally, with four consecutive trading limits for Hubei Radio & Television Information Network, and INESA Intelligent Tech Inc., Xiamen Hongxin Electronics Technology Group Inc., and Guangdong Aofei Data Technology having completed repairs, market feedback for state-owned cloud is progressively improving, and there may be hopes for diffusion speculation in the future.

Aside from the state-owned cloud direction, the construction of datacenters is also not to be ignored. On the individual stock level, Power HF Co., Ltd. again hit the trading limit recording a consecutive 10 trading limits in 13 days, Weichai Heavy Machinery also reached 2 limits in 4 days, and Kehua Data Co.,Ltd. and Shanghai Cooltech Power continue to follow a good upward trend. As long as there is no collective retreat, the oscillating upward trend of the datacenter concept is expected to continue, with a focus on opportunities for buying on dips.

The Robot Concept continued to show a differentiated consolidation yesterday. In the sector, short-term active stocks like Zhejiang Founder Motor were at 4 limits in 4 days, and Xiangyang Automobile Bearing was at 4 limits in 8 days, but overall strength compared to last week's performance is gradually weakening. Although the influx of bullish news remains intense, after repeated speculation, the interpretations of each sub-sector have been adequately developed; therefore, the stimulating effect of news has shown diminishing returns. Thus, the difficulty for the sector as a whole to start a new round of market conditions in the short term is high. However, as funds have deeply entered, internal dynamics may continue to roll over, with short-term focus remaining on core stocks with high capital activity.

The nonferrous metal direction was again active yesterday, with small metals such as germanium, antimony, cobalt, and bismuth showing strong continuity under the price increase logic. Research reports issued by China Securities Co.,Ltd. indicate that the characteristics of antimony such as "thermal shrinkage and cold increase" and its "difficult to recycle" nature will make it a key "consumer metal" in the characteristics of new materials. The development of industries like AI, new energy vehicles, and photovoltaics cannot be separated from antimony metal. According to relatively cautious demand growth assumptions, the supply-demand gap for antimony over the past two years has been over 20%, and the price of antimony may continue to rise. For the nonferrous metal concept, it is reiterated that although it is difficult to become the main thrust of market leadership, it can still be regarded as an important side branch in thematic rotation, and attention should be paid to the trending opportunities of related stocks.