December has arrived, and the last trading month of the A-shares for this year has officially begun.

What's the hottest news this weekend? A commercial space company has officially been established. The market initially expected that the launch of Zhuque would bring a wave of hype, but the launch scheduled for November 28 was postponed to December 3 due to weather. However, the real excitement might be coming later — the Commercial Space Conference will be held on December 18, and it's uncertain whether this momentum can be sustained.

There are quite a few highly recognizable targets in this wave: Huari Chuangtong, Chengchang Technology, Shanghai Huguang, Tianyin Electromechanical, China Satellite, Aerospace Electronics. The higher the ranking, the more active they are, and experienced investors are well aware of this.

As we enter December, the window for layout in the New Year market has already opened. Last year's end was driven by the "Dragon" concept, which ignited the AI sector as soon as Deepseek was released after the New Year. Can this year's "Horse" concept make another surge? Looking at the whole year, the market has continued last year's main line but is clearly weaker. The horse concept has been intermittently speculated for over half a year but has never formed consistency.

In terms of AI applications, the main players responding dynamically with Google are Alibaba and ByteDance. ByteDance is not publicly listed, but its associated company is Wanjun Technology, and the logic line of Doubao can also be clarified. As for Alibaba's ecosystem, Hang Seng Electronics and Anheng Information are all familiar faces, no need to elaborate.