On January 21st, the A-share market experienced a wave of limit-up surges, with multiple popular sectors taking turns to perform. Let's review the key highlights of this market rally.

**Precious Metals and Non-Ferrous Metals Sectors Fully Launch**

Gold non-ferrous metals led the charge with a 2-board rise, followed closely by silver non-ferrous metals also reaching 2 boards. China Ruolin and Sichuan Gold achieved 3 days of 2-board gains, indicating that capital continues to flow into this sector. In addition, targets such as Shengxin Lithium Energy, Zhongzhong Mining, Guocheng Mining, Jinrui Mining, Zhongtung High-tech, Zhaojin Gold, Western Gold, and others have all achieved their first boards, creating a scene of full bloom in the precious metals + non-ferrous metals + minor metals sectors. This market movement reflects a re-pricing of commodities and resource-based assets.

**Chip Sector Becomes the Limit-Up King**

The chip industry chain is also active. Jianghua Micro and Yingfang Micro both hit 2 boards, with Jianghua Micro backed by Shanghai state-owned capital + photoresist concept, and Yingfang Micro combining asset restructuring + storage chips. The first-board camp is shining brightly—Longxin Zhongke (chips + commercial aerospace), Zhizheng Shares (semiconductor equipment), Dagang Shares (storage chips + advanced packaging), Guanghe Technology and Aoshikang (PCB), Tongfu Microelectronics, Huate Technology, and KuaiKe Intelligent (advanced packaging), Hesheng New Materials (annual report pre-increase + chips), Zongyi Shares, Yongji Shares (chips + cigarette filters), Xinjing Road (semiconductor materials + chlor-alkali chemical), Wantong Development (storage chips), Baiao Chemical (semiconductor equipment), Han's Laser (PCB equipment), Honghe Technology (PCB + fiberglass cloth), etc., the entire chip ecosystem upstream and downstream is resonating. The driving force behind this chip rally comes from continued optimism about domestic substitution and AI computing power upgrades.

**Robotics Sector Remains Hot**

The robotics sector also performed remarkably. Fenglong Shares surged to 16 boards, driven by benefits from UBTECH's takeover + robotics, setting today’s highest consecutive limit-up record. Jingji Zhinnong achieved 2 boards (robotics + breeding), while Wolong Xinneng, Founder Motor, Colic, Molded Technology, Daon Shares, Ojiahua, Huaxin Jingke, New Coordinates, and others hit their first boards, reflecting high market enthusiasm for this sector.

**AI Hardware and Infrastructure Accelerate Deployment**

Hardware related to AI computing power was also a focus today. Weichai Heavy Machinery (data center generator sets), China Great Wall (AI servers + commercial aerospace), Hongsheng Shares (liquid-cooled servers), Magmet (AI power supplies), and others all hit their first boards. Optical chip companies like Chuanchuan Technology, Woge Photonics, and Zhishang Technology (CPO) also joined the rally, indicating market deepening into the AI server supporting industry chain.

**AI Application Side Also Making Strides**

ST Likuang achieved 2 boards (domestic software), Tiandi Online reached 3 days of 2 boards (AI marketing), Jiuqi Software and Global Printing also successfully hit their first boards, showing progress in the commercialization of AI applications driving this market rally.

**Other Highlights Distributed Sporadically**

Guangdian Electric continued to lead the grid equipment sector with 4 boards. Multiple traditional sectors such as new energy, consumer, real estate, shipping, and agriculture also surged to limit-up, including ST Changyao, Hongbaoli, Hongqiang Shares, Yifan Transmission, Sanlipu, Zhongrong Electric, Yuheng Pharmaceutical, Tiancai Fashion, Weidi Shares, Dongli Xinke, Nankuang Group, Jushen Shares, Decai Shares, Hualian Holdings, Shenfang Textile A, Mengbaihe, Fengjing Shares, Intercontinental Oil & Gas, Transportation Shares, Jinhai High-tech, Huibo Pu, Mengjie Shares, Meiyan Jixiang, Julisuo, Hongyu Shares, Palm Shares, Zhejiang Mining, Runtu Shares, Shuhua Sports, Langbo Technology, among others.

Overall, today’s market features widespread blooming and active participation across multiple points, with faster capital rotation indicating good market sentiment. However, the surge in limit-ups often signals a phase top, so caution is needed regarding the risk of high-position takeovers.