Yesterday, the market remained strong, the Shanghai Composite Index harvested 5 consecutive yang, the two cities traded 789.5 billion yuan throughout the day, a decrease of 167.7 billion yuan from the previous trading day, and northbound funds sold a net 1 throughout the day2.3 billion. Although the index has come out of the 5th consecutive positive, the trading volume has gradually shrunk, and yesterday's volume fell below the passing line of 800 billion, which is not a good signal. It shows that after the continuous **, the funds have also begun to realize that they will face pressure in the short term, the willingness to chase up is reduced, and the wait-and-see sentiment has the upper hand. The rhythm of foreign capital after the year is worth pondering, in the case of a sharp rise on Monday, the northbound funds sold a net of 6.4 billion, and did a high sell, which flowed all the way out yesterday morning, with a maximum sale of nearly 3.7 billion, and gradually returned in the afternoon, indicating that while the adjustment is **, the trend of smart funds is worth reference. From a technical point of view, after the index has experienced 5 consecutive yangs, whether it is the rise of the index or the number of price limits, it is obvious that the momentum is gradually weakening. The Shanghai Composite Index closed above the bull and bear dividing line, from 3322 in August last yearAfter the 13 adjustment, for the first time in more than half a year, it stood on the 60-day line, in this key position, there must be a continuous increase in volume to effectively stand up, and if the volume can shrink, the index is likely to have a wave of retraction. Due to the rapid contraction of volume energy yesterday, the daily level formed a volume-price divergence, and the trading volume is less than the 5 10-day average, and the index will have a requirement to step back on 5 10 days. If there is a step back, it is the process of building the right shoulder under the head and shoulders in my judgment, and it is also the best opportunity for the short rider to enter the field with low suction. From the point of view of indicators, the daily level MK is still a double gold pattern, in the 11-13 days of the ** cycle, 30 minutes of KD passivation is serious, plus 30 minutes to form a top divergence structure, once KD falls below 80, it will form a double death, thus affecting the pattern of 60 120 minutes. Again, if the index rises again, do subtraction instead of addition, and wait patiently for the opportunity to suck low. 
Plate Analysis:
In terms of plates, SORA concept, pharmaceutical, data elements, memory chips and other sectors are among the top gainers, and a few sectors such as China Shipbuilding Department. 1.Artificial intelligenceThe SORA concept continues to strengthen, and Danghong Technology, Huichang Communication, Insai Group, Guomai Culture, Xinhuanet, etc. continue to rise and fall. The release of SORA shows that AI is rapidly iterating and developing, and is expected to bring great changes to the fields of short **, film and television drama production, and text creation. At the same time, the smooth release of these models is inseparable from a large amount of high-quality training data, the value of data copyright is highlighted, and the path to IP monetization is also expected to be shortened with the help of AI tools. The Wensheng ** model represented by SORA has greatly shortened the time for the arrival of the AGI (General Artificial Intelligence) era. With the gradual upgrade of multi-modal large models, the demand for computing power will increase exponentially, and downstream applications are expected to flourish, promoting the release of productivity value in application fields. It should be noted that similar to the multimodal AI at the end of last year and the subsequent hot hype of Shanghai local stocks, many of the front rows in the Wensheng ** concept plate have continuously achieved promotion with a one-word limit, while most of the back rows have shown a narrowing of gains or directly turned green within a day. After two consecutive days of rising AI concept stocks, the subsequent internal disagreements may have intensified, such as Wondershare Technology has shown a more obvious rise and fall, for the AI sector as a whole is still viewed as an upward trend, and it is more prudent to wait patiently for the emergence of the opportunity to step back on the low absorption. **Follow: Wondershare Technology, Cambridge Technology, Kunlun Wanwei
2.Culture and Media
Culture media continues to be strong, CITIC Publishing, Chinese **, Insai Group large number up and down, Guomai Culture, Huayang Lianzhong, Gravity Media, Wanrun Technology, Longyun shares, Palm Reading Technology, Zhongguang Tianze, People's Daily Online, Xinhua Net many ** up and down. AI is expected to open the market with the technical advantages of artificial intelligence and the content advantages of this category. On the C side, through AI** generation, such AI** applications are expected to build their own user traffic pools through the content they generate, and complete subsequent traffic monetization. The ultimate goal of Wensheng** production is still to reduce costs and increase efficiency in media, games and other related applications, but the Wensheng ** model represented by SORA needs sufficient ** and continuous supply of film and television IP materials, so similar to last year's AI application side**, media, games and other sectors are also boosted by the performance realization driven by IP monetization and cost reduction and efficiency increase. From the perspective of market performance, as the downstream application end of AI, the cultural media is obviously more favored by the funds in the market, and it can be seen that there are as many as a dozen ** daily limits, so we can continue to dig deeper in this direction and look for varieties with good shapes and low absorption layouts. **Attention: Zhongnan Media, Chinese Media, Shandong Publishing
3.Semiconductor.
Memory chips have also risen significantly, Beijing Junzheng, the west side of the test 20cm limit, Wanrun Technology, good on good, Ruineng Technology daily limit, Hengshuo shares, Infront Micro, BIWIN Storage, GigaDevice rose more than 5%. On the news side, on Tuesday, Huawei released a new data lake solution and DME IQ, a cloud intelligent management platform for storage "AI brain", at the data storage New Year new product launch conference. According to the news, SK hynix will start mass production of the fifth-generation high-bandwidth memory product HBM3E in March. In addition, DRAM and NAND Flash are expected to continue to increase in price for four consecutive quarters in 2024. The world's fastest large model, the GROQ, is here! It is 18 times faster than GPT-4, breaking the record of 500 tokens per second, and the self-developed LPU is 10 times that of NVIDIA GPU. Unlike NVIDIA GPUs, which rely on high-speed data transfers, GroQ's LPUs do not use high-bandwidth memory (HBM) in their systems, but use SRAM, which is about 20 times faster than the memory used by GPUs. Everbright** research report said that 2024 will be the year of recovery for semiconductors, of which memory chips have the fastest growth rate. Judging from the trend of the secondary market, the rise of memory chips at the end of the market is mainly driven by the news to overshoot and repair, and its continuity still needs to be further observed. However, from the perspective of plate rotation, chip semiconductors have fallen deeply, and they also have the best foundation, and some varieties with obvious volume at the bottom of the recent can be selected to pay attention to appropriately. **Attention: BIWIN Storage, Shannon Xinchuang, Huatian Technology February**Dynamic Incentive Plan