**Global Markets Start the Year with a Strong Push**

The three major U.S. stock indices all rose collectively, with the Dow Jones Industrial Average breaking through 49,000 points for the first time during trading, rising over 1% to hit a new all-time high. The financial sector surged significantly, large-cap tech stocks generally strengthened, and the energy sector also performed well. This upward momentum has also spread to Chinese concept stocks, with most stocks rising, and the FTSE A50 Index up by 0.58%.

**A-shares Break Through 4000 Points**

Turning to the domestic market, A-shares had a strong start on Monday—opening high and rising steadily, directly breaking through the 4000-point mark, and finally closing at 4023.42 points, up 1.38%, just one step away from the previous high of 4034. The market was very active, with brain-computer interfaces, insurance, medical healthcare, and storage chips leading the gains in turn. Market trading volume also saw a significant jump, reaching 25,672 billion yuan, an increase of over 5,000 billion yuan compared to the previous trading day, with the ratio of advancing to declining stocks at 4,185:1,168.

The 12 consecutive days of gains, combined with a gap up and increased volume breakout, are typical signals of an accelerating upward trend, with a high probability of surpassing the previous high in the near future.

**Capital Rotation and Sector Differentiation**

There are several noteworthy phenomena in the thematic area: divergences have begun to appear in high-position sectors such as commercial aerospace and humanoid robots, with capital pulling back; in contrast, low-position sectors like pharmaceuticals, securities firms, and Baijiu (liquor) continue to attract incremental funds, showing a clear high-low switching trend; meanwhile, chips and AI applications are seeing increased capital allocation, with heat gradually fermenting.

**Emerging Opportunities in Industry**

Signals of rising prices have emerged in the DRAM chip sector—Samsung and SK Hynix have proposed price increase plans to server, PC, and smartphone manufacturers, with prices expected to rise by 60%-70% in the first quarter compared to the previous quarter. Concept stocks related to storage chips such as Zhaoyi Innovation, Puran Shares, Hengshuo Shares, and Jiangbolong are expected to benefit.

Nvidia is also making continuous moves, with the Rubin platform officially released. Jensen Huang emphasized the competitive landscape in automotive AI and announced the open-source release of the first inference VLA (Visual-Language-Action) model Alpamayo1.

The supply side of lithium hexafluorophosphate is also stirring. Tianci Materials announced last night that it plans to shut down and inspect the 150,000-ton lithium hexafluorophosphate production line at Longshan North Base, which industry insiders predict will impact about 15% of the entire industry's supply. Companies such as Tianji Shares, Furi Shares, Polyfluoro, Shenzhen New Star, and Huasheng Lithium Battery are worth paying attention to.