On the first day of December, I glanced at today's market sentiment - the overall activity level is average, but the direction of bets is quite clear.

**The AI phone line has been closely monitored.**
Zhongshan East Road directly invested 638 million in ZTE Corporation, and also bought 80.66 million in Jerry Holdings, then quickly sold 81.2 million of Dongtian Micro. Chengdu was also active, bottom fishing 392 million in ZTE Corporation, while increasing positions in Meiyan Jixiang, Beirong Precision, and Furong Technology by 70.79 million, 20.89 million, and 19.33 million respectively, while Sichuan Jinding was offloaded by 21.47 million.

**There are heavy bets on the new materials track.**
Zuo Shou Xinyi is going big this time, directly investing 110 million in Guangqi Technology, and Guanghetong has also taken 76 million – it seems they are determined to make some noise in this direction.

**Commercial space is also being eyed by some.**
Ningbo Sangtian Road is very targeted, with Aerospace Development buying in 78.06 million and Furi Electronics also laying out 22.8 million. On the Shandong side, they withdrew 59.59 million from Aerospace Power and increased their position in Meiyan Jixiang by 23.16 million.

**Other operations are relatively scattered.**
Shangtang Road purchased 45.56 million from Suhao Huihong, and simultaneously sold 55.76 million of Huanrui Century; Ruihe Xian withdrew 12.4 million from Suhao Huihong; Fang Xinxia focused on reducing positions, clearing 22.84 million, 31.43 million, and 74.89 million from Rongji Software, Huanrui Century, and Aerospace Power respectively; on the lower end, profits were taken on Haide Shares, Kexiang Shares, and True Love Home at amounts of 5.01 million, 17.08 million, and 18.91 million respectively.

Overall, today's main focus of speculative funds is on the three tracks of AI mobile phones + new materials + commercial aerospace, while the rest is mostly local portfolio adjustments. The sensitivity of capital is quite sharp.