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After AMD's stock price surged by 680 billion yuan, who in China's industrial chain benefited, and who was marginalized?
AMD's earnings report exceeded expectations, causing its stock price to surge by more than 20%. The explosive demand for AI computing power is reshaping the global industry chain, with Chinese optical modules, packaging and testing sectors directly benefiting. However, betting on a single asset carries hidden risks.Jensen Huang announced eight new products in 1.5 hours, with Nvidia fully betting on AI inference and physical AI.
At CES 2026, NVIDIA launched its new AI platform, Vera Rubin, which includes six self-developed chips, achieving a single-rack computing power of 3.6 EFLOPS and a 5x improvement in inference performance. NVIDIA also introduced the open-source model Alpha-Mayo to accelerate the development of autonomous driving.CITIC Securities 2026 Investment Panorama Outlook: After the Tech Bull Market, Who Will Rise and Fall?
China's economy is expected to grow by 5%, and the A-share market's slow bull market continues, but a correction in the technology sector should be watched closely. Resource commodities may become a new main theme. Global attention is focused on the US-China technology security competition, with non-ferrous metals and the AI industry chain attracting attention.







