Today's market is indeed incredibly hot. 73 companies in the AI application sector hit the daily limit, and 43 in commercial aerospace also hit the limit. Such a large-scale collective movement, even from a bullish perspective, can be considered a rare spectacle.

But what’s truly worth pondering is the other side behind this—only 5 companies in the retail sector hit the limit. Meanwhile, the market stubbornly continued its 17 consecutive days of gains, with the total trading volume reaching a record high of 3.6 trillion yuan. Strangely, nearly 1,200 stocks are still declining. A few years ago, this scene would have been unimaginable—markets could rise broadly without a 3 trillion yuan trading volume. But now, dominated by quantitative trading and hot money, the market’s gameplay has changed, and we need to learn to adapt to this new rhythm. As for the market itself, apart from regulatory interventions, it’s becoming very difficult to stop this wave from running wildly.

Back to the themes themselves. Currently, the market’s focus is on two areas—commercial aerospace and AI applications. The weekend’s positive news was piled up, and even the aerospace sector couldn’t suppress the abnormal movements; eventually, it was brought into regulatory scrutiny, dragging a bunch of follow-on stocks into the pool. At this point, two questions need to be considered: first, with such a tough stance against regulation, will it trigger even bigger actions later? Second, after such a sharp surge, what kind of stories can these themes still unfold?

As for regulation, no one can predict what will happen next, so let’s not delve too deep. Today, both commercial aerospace and AI applications are definitely at their peak. However, a market of this size—3 trillion yuan—doesn’t lack buyers. The problem is that scenes like today’s batch limit hits won’t continue forever. Tomorrow, a divergence is likely—if there are no surprises with aerospace, the sector will continue to focus on core assets; if issues arise, the divergence will intensify, but initial divergences often present good opportunities for low-entry points.

In the AI application sector, the leading blue-chip stocks are undoubtedly the trendsetters. They are the backbone of the trend. Their crazy performance today is mainly because funds that missed out on commercial aerospace are rushing to top up their positions. But the problem is, what normally takes several days to complete was done in just one day. This sector definitely won’t die out soon, but the scale of 73 stocks hitting the limit is beyond normal. Starting tomorrow, the top-tier stocks will gradually advance, while the laggards will face divergence. At this point, it’s important to strategically lean towards core stocks and not get blinded by the overall heat.