Market sentiment was lifted by expectations of Middle East peace, with the Nasdaq and S&P 500 indices reaching new record highs. Advanced Micro Devices surged over 18% to an all-time high, while the China-concept stock index jumped more than 3%. NVIDIA is increasing its investment in optical communications, spending $500 million to acquire warrants in Corning. The optical fiber pioneer Corning also saw its stock rise 12%, hitting a record high. The company plans to significantly expand its U.S. manufacturing scale for advanced optical connectivity solutions, aiming to increase its optical connectivity manufacturing capacity tenfold and boost optical fiber production by over 50%.
International oil prices experienced a sharp decline, with WTI June crude futures falling 7.03% and Brent crude dropping over 7.8%. This movement followed comments from Donald Trump, who stated that the U.S. and Iran could "very likely" reach an agreement within a week, with Iran having agreed not to possess nuclear weapons. There has been no immediate response from Iran. The U.S. expects to receive Iran's responses on several key clauses within the next 48 hours, marking the closest the two sides have come to a consensus since the outbreak of hostilities. Meanwhile, spot gold prices rose 3%, approaching a key technical resistance level.
The Ministry of Industry and Information Technology has approved the first commercial trial for a satellite Internet of Things service. Recently, to implement the guidelines for optimizing business access to promote the development of the satellite communication industry and in accordance with the notice on organizing the satellite IoT business commercial trial, the MIIT approved Beijing Guodian Gaoke Technology Co., Ltd. to conduct a two-year commercial trial of its satellite IoT business. China Securities Co., Ltd. believes this marks the beginning of a "new land rush" for space infrastructure, unveiling a commercial aerospace market worth trillions.
At a regular press conference on May 6, Foreign Ministry spokesperson Lin Jian stated that China and the U.S. maintain communication regarding a potential visit by President Trump to China. Responding to questions about U.S. officials requesting Chinese support for actions in the Strait of Hormuz, the spokesperson reiterated China's clear stance on the situation: hoping all relevant parties act prudently to avoid escalation and resolve disputes through dialogue.
**Investment Calendar** Huawei Global New Product Launch
**Institutional Perspectives** 1. Huajin Securities: A-shares may show stronger, albeit volatile, performance in May; recommend accumulating positions in tech growth, select cyclical, and consumer sectors on dips. 2. Guotai Haitong: Easing U.S.-Iran tensions boost risk appetite; advocate fully embracing the broad AI industry, sectors with rising prices, and areas with positive catalysts. 3. Huaan Securities: The upward trend in Chinese stocks is far from over and is expected to reach new highs, with emerging technology remaining the market's main theme.
**Positive and Negative Outlook** 1. State-owned capital is reported to be leading the first-round financing for DeepSeek, with a post-investment valuation potentially reaching $45 billion. Zhongtai Securities: The DeepSeek V4 series, synergizing with Huawei's Ascend, is set to redefine the era of high-performance model cost-effectiveness. With significantly enhanced Agent capabilities, this combination is expected to accelerate the commercialization of domestic computing power, representing a critical validation point for the domestic substitution narrative. 2. A major proposal for the merger of "Orient Securities + Shanghai Securities" has been unveiled, with trading resuming on May 7. CITIC Securities: If the acquisition is completed successfully, Orient Securities' assets and profit scale could achieve approximately 20% growth, potentially placing its total assets within the top ten in the industry. The deal would strengthen its brokerage and credit business capabilities, optimize branch coverage, and highlight its competitive advantage in Shanghai. 3. SpaceX's AI unit has signed an agreement with Anthropic to enter the computing power leasing business. Soochow Securities: Token demand is robust, with several major manufacturers and large model companies announcing price hikes or purchase restrictions, indicating a significant computing power supply gap. Computing power leasing primarily provides customers with high-quality, advanced computing power. The first quarter of 2026 is seeing increased orders and price rises, signaling a "quantitative change."
**Announcements Summary** *Positive-leaning Announcements* 1. Orient Securities: Plans to issue shares and pay cash to acquire 100% of Shanghai Securities; stock resumes trading. 2. Robotec: ficonTEC and its subsidiary signed a 183 million yuan contract with a subsidiary of a NYSE-listed Company B. 3. Huace Film & TV: Plans to purchase servers worth no more than 3.3 billion yuan to provide cloud computing services for clients.
*Negative-leaning Announcements* 1. Zhuoran Shares: Under investigation by the CSRC for failing to disclose periodic reports on schedule. 2. Muyuan Foods: Commercial hog sales revenue in April 2026 was 8.503 billion yuan, a year-on-year decrease of 32.49%. 3. Hangzhou Cable Co., Ltd.: Shareholder Fuchunjiang Communications Group plans to reduce its stake by no more than 3%.
Overseas markets were buoyed by the positive sentiment from a potential U.S.-Iran "ceasefire memorandum," with all three major U.S. indices closing higher. The Nasdaq and S&P 500 set new records. AI-related assets led the rally: NVIDIA rose over 5%, while Advanced Micro Devices and Corning both gained more than 10%. Micron Technology and Intel also hit new highs. China-concept tech stocks surged across the board, with Baidu climbing 11.37%.
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