On July 28, 2026 afternoon, the AI concept sector in A-share market suddenly rallied, with multiple stocks in the Huawei Ascend chain hitting limit-up, becoming market focus. By close, Talkweb Information (002261) was locked at limit-up, Digital China (000034) rose over 8%, and computing power leaders such as Sugon (603019) and Inspur Information (000977) also strengthened. On the news front, the "Computing Infrastructure High-Quality Development Action Plan (2026-2028)" jointly issued by six departments including the National Development and Reform Commission and the Ministry of Industry and Information Technology was officially released this afternoon, providing a strong boost for domestic AI computing power.
Policy Details: Clear Timeline for Computing Power Construction and Localization Requirements
According to Yueya Finance, the action plan proposes that by 2028, China's total computing power should exceed 300 EFLOPS, with the proportion of intelligent computing power rising to 60%; it also explicitly requires that newly built large and above data centers use no less than 80% domestic CPU/GPU. At the same time, the policy introduces the concept of "computing power network" for the first time, planning to deploy 8 national-level computing hub nodes nationwide, promoting the deep development of the Eastern Data and Western Computing project. Industry analysts point out that this marks the leap of domestic computing power from "usable" to "easy to use", and the Huawei Ascend series, as a benchmark of domestic AI chips, will directly benefit.
Huawei Ascend Chain Stocks Fully Erupt
After the afternoon open, the Huawei Ascend concept index spiked 5.5%. Among them, Talkweb Information, as a Huawei Ascend hardware partner, was the first to hit limit-up; Digital China, as an Ascend server distributor, rose nearly 9%; GRG Banking and Tongfang Co., Ltd. both rose over 5%. On the news front, the Huawei Ascend Ecosystem Partner Conference just ended last week, announcing that Ascend chip shipments in 2026 are expected to grow over 200% year-on-year, and released the next-generation training chip Ascend 910B. Combined with policy tailwind, market funds quickly poured in.
From capital flows, East Money Choice Data shows that the AI concept sector saw net inflow of 4.2 billion yuan from main funds, among which the Huawei Ascend chain had net inflow of over 1.5 billion yuan, ranking first among sub-sectors. Northbound funds also net bought AI concept stocks of 1.8 billion yuan today, focusing on increasing holdings of Sugon and Inspur Information.
Industry Interpretation: Domestic Computing Power Becomes New AI Investment Theme
Yueya Finance noted that AI concept stocks have experienced two rounds of big ups and downs this year: in Q1, due to open-sourcing of large models like DeepSeek, computing power demand expectations surged, and the sector rallied sharply; in Q2, as some companies' earnings fell short of expectations, the sector corrected 20%. But in July, with intensive policy rollouts and accelerated AI application scenario implementation, AI concept stocks regained favor from funds.
"The biggest highlight of this policy is linking the localization rate directly with computing power construction, which provides a clear market space for domestic chip companies," said a TMT chief analyst from a securities firm to Yueya Finance. "The Huawei Ascend chain is currently the most mature and closest to commercialization route, and related companies are expected to see an order explosion in the next two years. At the same time, we also favor AI application players such as iFLYTEK and SenseTime, but in the short term, computing power hardware is more stimulated by the policy."
However, some institutions also warned of risks. Guotai Junan Securities research report pointed out that AI concept stocks are still at relatively high valuations, with some stocks having P/E ratios exceeding 50x in 2026, so investors should be wary of risks from policy implementation falling short of expectations. Investors should focus on sub-sector leaders with core technology and strong earnings certainty, and avoid chasing hype.
Outlook: Focus on Dual Engines of Computing Power Localization and AI Applications
From an industry chain perspective, computing power infrastructure investment is expected to peak from the second half of 2026 to 2027, driving demand for GPU servers, AI chips, high-speed interconnects, cooling, etc. Meanwhile, with accelerated registration of domestic large models, AI applications in finance, healthcare, education, manufacturing and other fields are expected to explode. Yueya Finance suggests that investors layout along the rhythm of "computing power foundation - platform software - application deployment", focusing on domestic computing power leaders such as Huawei Ascend, Sugon, and Hygon Information, as well as AI application companies with industry know-how.
Today's AI Concept Stock Gainers (Partial)
- Talkweb Information (002261): Limit-up, buy order queue of 120 million yuan
- Digital China (000034): +8.76%, turnover 2.2 billion yuan
- Sugon (603019): +5.43%, hit new year high
- GRG Banking (002152): +5.12%
- iFLYTEK (002230): +3.67%, leader in AI application
Overall, AI concept stocks have ushered in a structural market driven by policy tailwind, but whether it can sustain depends on policy implementation and corporate earnings delivery. Yueya Finance will continue to track the latest developments and provide investors with timely and professional interpretation.
