Just now, another ten-bagger, it's this one!

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Data is a treasure

Investing with less worry

AI industry trends are clear.

Just now, another tenfold stock

On the morning of March 19, the computing power sector continued to surge. By the close, Copper Cow Information “20cm” hit the daily limit up, Litong Electronics, Lotus Holdings, Meiliyun and others also hit the limit up, Hongjing Technology rose over 15%, Dongfang Guoxin, Runze Technology and others gained over 3%. Among them, Hongjing Technology (301396) hit a new all-time high, more than ten times its low point in 2024.

In addition to Hongjing Technology, a tenfold stock reaching a new high, Nanya New Material (688519), also in the computing power industry chain, hit a new all-time high this morning, with its stock price more than ten times higher than its low in 2024.

Furthermore, the third most expensive stock in A-shares, Yuanjie Technology (688498), also reached a new all-time high this morning, peaking at 975 yuan during trading, achieving a tenfold increase in just over 11 months. In April 2025, the stock’s lowest price was less than 88 yuan (adjusted for splits).

Recently, the computing power industry chain has been full of good news. On March 18, Alibaba Cloud announced that due to explosive global AI demand and rising supply chain costs, it will raise prices for AI computing, storage, and other products, with some products increasing by up to 34%.

Domestic computing hardware also saw breakthroughs. Shanxi Securities research reports show that domestic chip manufacturers represented by Huawei Ascend, Cambrian, Hygon Information, Kunlun Chip, etc., are accelerating to catch up with Nvidia in single-card performance. Huawei’s flagship can now compete with the H100, and through innovative super-node architecture, it is competing with Nvidia’s rack-level solutions. Meanwhile, domestic chip companies are building ecosystems by supporting both CUDA compatibility and self-developed solutions, gradually breaking through CUDA ecosystem barriers. Additionally, domestic chip manufacturers are speeding up solving supply chain issues such as wafer foundry, promoting rapid volume growth of domestic chips.

Institutions recommend focusing on the computing power sector

Shanxi Securities further states that they remain confident in AI industry chain investment opportunities through 2026. In terms of computing power, major domestic clients continue to increase procurement of domestic AI chips, and top domestic manufacturers are accelerating in single-card performance, rack-level solutions, ecosystems, and capacity to catch up with Nvidia. Their new main products are expected to quickly capture market share from Nvidia chips.

Hualong Securities points out that multiple favorable factors support the market. Industry and thematic allocations include: 1. Growth sectors like technology and advanced manufacturing. 2. Boosting and expanding domestic demand. 3. “Anti-involution” and supply-demand changes. Themes include the “14th Five-Year Plan,” artificial intelligence+, commercial aerospace, low-altitude economy, humanoid robots, etc.

Datong Securities says that in the short term, external factors may cause increased market volatility, but in the medium to long term, as geopolitical conflicts weaken, China’s market stability is expected to offset external shocks, supporting long-term market growth. A-share allocation suggestions include focusing on structural opportunities in the innovation and entrepreneurship sectors, such as computing power and communications, while paying attention to resource category changes.

Can high-quality, resilient stocks continue to outperform?

The recent correction in the A-share market is evident, but structural opportunities in tech stocks, represented by the AI industry chain, still exist. The three previously mentioned tenfold stocks reaching new highs highlight trend-based investment opportunities under industry trends. Industry insiders believe that high-quality tech stocks that have shown resilience recently, due to the lack of trapped investors, are more likely to continue strengthening.

According to Securities Times Data Treasure, among the electronics, communications, and computer sectors, 42 stocks are rated by five or more institutions and have retreated less than 15% from their one-year high. Stocks like Beiwei Storage, Jiemei Technology, Laitte Photonics, etc., have retraced less than 5%.

From the perspective of institutional attention, stocks like Zhongji Xuchuang and Zhaoyi Innovation have over 30 ratings from institutions, while Beifang Huachuang, SH Electric, Hikvision, and others have over 20.

Tianfeng Securities believes that the demand for AI computing power continues to grow. Zhongji Xuchuang, as a global leader in optical modules, benefits deeply from the rapid growth of the global optical module market. According to Light Counting data, the optical module market is expected to reach $23 billion in 2025, driven by large-scale AI computing infrastructure and cloud data center upgrades, maintaining steady demand growth. By 2027, larger-scale trends such as 1.6T modules will gradually emerge. The company’s leading R&D capabilities and full-scale production and delivery position it at the forefront of the industry, with revenue and profit expected to continue rising.

Disclaimer: All information from Data Treasure does not constitute investment advice. The stock market involves risks; invest cautiously.

Editor: Zhou Sha