Introduction: ①Semiconductors are undergoing differentiation, and the direction of consumer electronics and AI applications is active again, and technology stocks may show a healthy rotation; ②Under the existing game environment, themes with relatively low levels are more likely to be favored by capital; ③The style of holding high-quality stocks together with high standards is showing itself again.

Yesterday's market continued its differentiated trend, with small-cap stocks continuing to be active, and short-term sentiments continued to improve. Stocks rose for three consecutive days, with more stocks rising than falling, and the number of stocks hitting the limit also increased significantly. On the other hand, the volume further shrank to less than 700 billion yesterday, and the Shanghai Composite Index failed to shake off its weak consolidation structure. It still needs a long red volume to confirm the bottoming out and stabilization. Otherwise, if the index continues to consolidate with shrinking volume, individual stocks may once again fall into differentiation.

Looking at the market, the direction of cross-technology is still the current hot spot in the market. Apple's release of new AI products at the WWDC conference caused its stock price to rise over 7% the day before yesterday, which stimulated the enthusiasm of fruit chains. At the beginning of trading yesterday, it still showed a decent upward trend, but after experiencing a pulsed surge, the follow-up buying pressure was insufficient, and then it started the 'fan' type of rotational mode again. But at present, whether consumer electronics can be further strengthened after yesterday's high consolidation is still the focus of today's market.

AI applications represented by the media were also active in yesterday's market. Essentially, they were also an extension of the speculation after the launch of Apple Intelligence. In addition to being catalyzed by the above-mentioned news, the position superiority of the AI application terminal cannot be underestimated. The rebound of the CRO concept yesterday was also similar, and it also launched a repair rebound after being stimulated by positive news. Therefore, when future funds dig new themes, the location of this theme may be more critical than the bullish news itself.

Let's focus on the semiconductor sector again. Due to the weak index and shrinking volume, after experiencing a collective outbreak the previous day, semiconductors fell into differentiation and consolidation again. However, judging from yesterday's market performance, neither the core stocks in the front row nor several high-volume varieties showed obvious negative feedback. Under the background of maintaining high activity in funding, semiconductors still have a higher error tolerance. Overall, it is difficult to break out of a strong upward trend in the current market environment, and it is more likely to continue to oscillate upwards in a pattern of entering two and retreating one.

In addition, the style of holding high-quality stocks together with high standards has reappeared. Jiangsu Zhengdan Chemical Industry rose again and hit the limit yesterday, rebounding near a new high, driving growth stocks such as Yingli Stocks and Tech Semiconductors. Under the background of continuous shrinkage of volume, the profit-making effect of the market may gradually shift to the concentration of core stocks in the front row. The subsequent sector effect may weaken, and it will be replaced by the interconnection between high standards.