Gelonghui, June 20 | The Science and Technology Innovation Board bucked the trend, with chip stocks leading the way. Guilun Electronics rose more than 11%, Yuanjie Technology and Anlu Technology rose more than 9%, and the Science and Technology Innovation Chip ETF Southern (588890) rose more than 2.8%, reaching a record high in early trading today. According to the news, the Securities Regulatory Commission issued “Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Technological Innovation and the Development of New Quality Productivity”, which proposes to strengthen the “hard technology” position of the Science and Technology Innovation Board. According to the Tianfeng Securities Research Report, “Cote Assessment” has recently received market attention. Semiconductors are growing strongly as an important direction of cutting-edge technology. The superposition industry cycle is at a relatively bottom, and sector investment attention has increased. Guotai Junan believes that the bottom of the semiconductor cycle has arrived, inventory has returned to a reasonable level, demand is gradually picking up, and various explosions are emerging. Apple's AI side is also taking the lead in opening up new growth space. Semiconductors accelerate technological innovation, and are expected to benefit deeply from the new wave of the technology cycle.