A domestic chip stock soared again today—continuing its crazy rally with a 28% surge, closing above 940 yuan, with a total market value heading straight for 440 billion. This momentum is almost at the threshold of a 1,000-yuan stock.

Some say this rally is outrageous. But actually, whether it's this stock or other popular tech stocks, fundamentally they are all about the era’s dividends: it’s not that they suddenly became industry leaders, but that the game board has changed with new players, and capital has nowhere to go but to pile into these concepts. To put it plainly, if you stand at the right vent, even pigs can take off.

Envious though it may be, those chasing high are the brave—those afraid of heights are still watching on the sidelines, probably about to miss another wave.

On the other hand, a certain communications equipment company hit the limit down today because it was targeted by the Americans, allegedly involved in some anti-corruption investigation, and is currently bickering with them.

Today, the entire market saw a total transaction volume of 1.88 trillion yuan. The trading volume was slightly more active than in recent days, but net capital outflows exceeded 100 billion yuan, indicating that big funds are still pulling out. The only interesting point is that the CSI 50 Index temporarily surged 6.6% intraday, ultimately closing up 3.8%—whenever the main board underperforms, money tends to flow into smaller sectors. It’s clear they’re not interested in boosting retail investors; everyone is looking for niche sectors to play on their own.

In this kind of market, it’s better not to mess around in the short term. Wait for the spring excitement to come, stay steady and don’t get reckless.