The year-end market atmosphere is quite similar to previous years—there's significant pressure to cash out, and the external environment hasn't shown any friendly signals. The three major US stock indices all declined slightly, with technology sectors and precious metals under obvious pressure, and the A50 futures also retreated by 0.16%.

From a market perspective, the pre-holiday selling pressure combined with a generally weak external environment makes a decline after opening almost inevitable. Technology, precious metals, and non-ferrous metals are the most directly impacted sectors, with profit-taking expectations increasing. Securities firms may take protective actions at low levels, as we saw a last-minute rally in the commercial aerospace sector yesterday, and today’s early trading shows unavoidable divergence. Hot topics like robotics and military industry may continue to heat up. Overall, there is some pressure before the holiday, but the market’s core remains relatively stable. Even if there is a correction, it will be limited, and if quickly absorbed, it could present a good low-entry opportunity.

From industry dynamics, several noteworthy signals are brewing. Meta has spent billions of dollars acquiring Manus, a company specializing in AI intelligent agents—its pre-valuation before funding was $2 billion. This deal alone indicates how hot the AI intelligent agent track is. Companies involved in AI intelligent agents like Nanxing Shares, Fanwei Network, and Yonyou Network may attract capital attention.

There have also been breakthroughs in chip technology. Peking University’s Sun Zhong’s team developed a simulation matrix computing chip based on resistive memory in October this year, which can be mass-produced on mature processes of 28 nanometers and above, directly bypassing the bottleneck of lithography machines—currently still in the laboratory stage, but it has already trended on hot searches and may become a market focus in the future.

The robotics sector is even more lively. Yuejiang Robotics announced at the end of December to the Hong Kong Stock Exchange that it has initiated a listing plan on the Shenzhen Stock Exchange. Meanwhile, Yushu Technology also announced that its first global store will open on December 31 at JD.com MALL in Beijing, marking its first cooperative store with JD.com. Yushu Technology completed IPO counseling in mid-November, indicating that the listing process is progressing. In the industry chain, companies like Shoukai Shares, Jingxing Paper, and Wolong Electric Drive are all related to Yushu. The entire robotics sector’s financing and listing wave reflect the strong capital interest in this track.