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After a gap of more than a month, on October 28, major A-share indices once again collectively opened higher and fluctuated to close in positive territory, with the last occurrence of such a session dating back to September 21. Today, the humanoid robot concept exploded across the board, with limit-up boards forming long queues. Looking at a longer timeframe, during the correction that began on September 22, multiple stocks still managed to post strong gains. Is this divergence from the indices a matter of luck, or are there discernible patterns?

A Belated Broad Rally

In today's morning session, A-shares shook off the previous day's gloom, with major indices collectively opening higher and fluctuating upward to close in the green. More than 4,100 individual stocks rose throughout the day, with daily turnover reaching 1.64 trillion yuan, an increase of approximately 169.2 billion yuan compared to the previous trading day. The most eye-catching sector today was undoubtedly the humanoid robot concept, with Xiangyang Bearing hitting its fifth consecutive limit-up, Guangyang Co achieving three consecutive limit-ups, Fulai New Materials posting five limit-ups in eight days, Wanxiang Qianchao recording three limit-ups in four days, Langxin Electric hitting the 30% limit-up, Henggong Precision reaching the 20% limit-up, while companies like Wuzhou Xinchun, Kesen Technology, and Zhenbang Intelligent all achieved 10% limit-ups during the session. Additionally, AI comic drama, analog chip, and HBM concepts were equally active throughout the day, with Baina Qiancheng and Biyi Micro hitting 20% limit-ups, Wentou Holdings achieving two consecutive limit-ups, and Zhangyue Technology reaching the 10% limit-up.

Behind this strong performance are multiple positive drivers. On October 27, the Shanghai Municipal Economic and Information Technology Commission issued the "Shanghai Action Plan for Accelerating the Development of Next-Generation Intelligent Manufacturing," proposing that by 2028, industrial robot density should reach 600 units per 10,000 workers, promoting the scale of AI-empowered new intelligent manufacturing equipment industry to exceed 200 billion yuan, and explicitly supporting the development of "physical AI" equipment with autonomous perception and decision-making capabilities. Once the plan was released, companies in the robot supply chain essentially received an officially stamped timetable. Tesla founder Musk publicly stated that when artificial intelligence moves from processing information to physical reality, carrier robots will consume memory at a rate that "crushes all existing computing devices on Earth." This statement simultaneously ignited both the robot and storage directions, with institutions like Counterpoint even predicting that robot DRAM demand will grow 20-fold by 2030. Meanwhile, the overnight Philadelphia Semiconductor Index surged 3.6%, with storage and optical communication sectors strengthening collectively; chipmaker SK Hynix announced third-quarter financial results showing quarterly revenue of 104.62 trillion won, a year-over-year increase of 327.9%, and operating profit of 83.33 trillion won, up 632.1% year-over-year, both setting new historical quarterly records. The company also announced that DRAM and HBM production capacity through 2029 is nearly sold out. On the day the financial results were announced, South Korea's KOSPI index surged over 7%, the global "AI trade" reignited, and A-share computing power, storage, and robot sectors naturally responded.

Who Is Posting Strong Gains Against the Weak Market?

From September 22 to now, although the A-share market has experienced a correction lasting more than a month, there have still been individual stocks rising against the trend. Xinhua Media, Joyoung Co, and Fantuo Digital have shown the strongest momentum, with cumulative gains all having doubled. More than 30 companies including Daye Co, Xiangyang Bearing, and Shanshui Technology have also posted interval gains exceeding 30%. Analysis shows that these companies rising against the trend are not scattered forces but clearly cluster into several camps.

The largest camp is humanoid robots and embodied intelligence, with companies like Fantuo Digital, Xiangyang Bearing, Huayi Technology, Fulai New Materials, Ningbo Dongli, Cixing Co, and Unitree Technology all on the list. Most of them are positioned in core component segments such as reducers, bearings, actuators, and sensors. The "bull-making" capability of the AI application and cultural media sectors should not be underestimated either. Interval gain champion Xinhua Media surged 153.6% cumulatively, with company tags including AI corpus, Shanghai state-owned enterprise reform, cultural media plus restructuring; Guomai Culture rose 53.97%, riding on seedance video large model, AIGC, and short drama concepts; Ciwen Media gained 52.01%, involving Kimi short drama games, AI corpus, "guizi economy" and other concepts. After high-position computing power hardware stocks were sold off by institutions, hot money turned to these low-position, low-priced application-side targets with clear AI labels, and new concepts like AI comic drama and short drama games provided the narrative vehicle. The remaining companies are relatively dispersed: Shanghai Jiubai rode the unified national market and Shanghai state-owned enterprise reform to five consecutive limit-ups, Aoya Co benefited from urban village renovation, while Laimei Pharmaceutical, Haiyangwang, and Baiyang Co each have their own stories. They do not belong to the main line, but together they illustrate a phenomenon: in a weak market, capital does not chase the logic of "expensive," only recognizing "new" and "small."

Putting these companies together, the reasons for their strong gains against the trend are not difficult to summarize. When direction is unclear, tracks with policy endorsement are more likely to attract capital favor. Shanghai's intelligent manufacturing plan, the satellite internet action plan, and China Development Bank's 365 billion yuan new policy-based financial instruments have landed successively, continuously confirming the long-term logic of robots, AI, and other directions. Musk's statement on memory demand and SK Hynix's third-quarter financial results significantly exceeding expectations provided continuous external catalysts, with new industry material emerging every few days, sustaining the main line sentiment. Observations also show that most stocks rising against the trend during this correction are small-cap, obscure, or recently listed stocks. Fantuo Digital, Huayang Intelligent, Keruisi, and Zhongcheng Technology have historically almost never been heavily speculated by capital, have no trapped positions, and have small floating shares, so a small amount of capital can pull off consecutive limit-ups. In contrast, institutional heavy positions in hard-tech blue chips face selling pressure from unwinding and position reduction on every rebound. This round of market movement is more like a switch from "institutional herding collapse to hot money thematic herding," where high-position heavy holdings are cashed out and capital rushes to places with new stories and high elasticity, using consecutive limit-ups (Shanghai Jiubai's 5 boards, Xiangyang Bearing's 5 boards, Fulai New Materials' 5 boards in 8 days) to drive the sentiment of the entire sector.

To dig out the next strong stock from this list, the approach is already hidden within it. Look at direction: prioritize main lines with dual catalysis from policy and industry. Core components of humanoid robots (reducers, lead screws, sensors), AI corpus and AIGC applications are currently the two smoothest logic lines, while defensive themes like state-owned enterprise reform plus consumption represented by Shanghai Jiubai are alternatives in a weak market. Look at chips: stay away from high-position stocks where institutions are crowded and gains are already large, and search more among low-position, small-cap targets without historical trapped positions, especially paying attention to obscure stocks that have just started to see volume expansion and their first limit-up. Look at signals: the consecutive limit-up echelon is the thermometer of sentiment. When the highest-position targets are still advancing and the number of limit-ups within the sector is still increasing, the main line is alive; once the highest target breaks its board and limit-ups and limit-downs appear inverted, it is time to tighten the pocket.

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