---
title: "Analysis of Global Tech Stock Rotation"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38688428.md"
description: "Recently, the global capital market has shown a pattern of severe divergence. US stocks of AI hardware and tech giants have experienced significant volatility, while A-shares continue to exhibit rapid rotation characteristics. In the US market, dynamic memory chips have reversed. Micron has denied rumors of "exiting NVIDIA's supply chain," confirming HBM4 has entered mass production and delivery. Morgan Stanley has violently raised its target price by 29% to $450. Core logic: The entire memory chip industry is facing a shortage; sellers hold absolute pricing power, predicting EPS will reach $52 by 2026. Liquid cooling technology is booming. NVIDIA supplier Vertiv's performance exceeded expectations..."
datetime: "2026-02-12T09:46:36.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38688428.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38688428.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38688428.md)
author: "[多空游戏](https://longbridge.com/en/profiles/12417258.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38688428.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38688428.md)


# Analysis of Global Tech Stock Rotation

Recently, the global capital market has shown a pattern of severe divergence, with U.S. AI hardware and tech giants experiencing sharp volatility, while the A-share market continues its characteristic of rapid rotation:

**U.S. Market Dynamics**​

**Memory Chip Reversal**​

Micron debunked rumors of "exiting NVIDIA's supply chain," confirming HBM4 has entered mass production and delivery.

$Morgan Stanley(MS.US) aggressively raised its target price by 29% to $450, core logic:

Industry-wide shortage of memory chips.

Sellers hold absolute pricing power.

Forecasts 2026 EPS to reach $52.

**Liquid Cooling Technology Boom**​

NVIDIA supplier Vertiv's earnings exceeded expectations, guiding for 2026 EPS of $6.

A single-day surge of 24% boosted the A-share liquid cooling sector.

**A-Share Market Characteristics**​

**Nuclear-Powered Electric Fan Market**​

Hotspots rotate daily: liquid cooling/memory/optical communication/MLCC led gains.

Computing power leasing stocks hit four consecutive limit-ups (Zhipu +28%, MiniMax +14%).

**Severe Polarization**​

Shanghai Composite Index had 8 consecutive positive days but included two false positives.

Over 3,000 stocks fell daily on average, with the index supported only by mainline sectors.

**Capital Flow Signals**​

The last capital withdrawal day before the holiday saw volume surge to 159.7 billion, indicating funds are positioning early.

Southbound capital continued inflows (4.6 billion), while domestic capital saw net outflows of 9.1 billion.

**Risk Warnings**​

Computing power leasing speculation carries periodic risks (large companies will eventually build their own IDCs).

Traditional valuation models are failing; beware of "whale tail" rallies (sharp rise followed by a steep drop).

**Operational Suggestions**​

Focus on hard-tech mainlines like memory chips/liquid cooling/optical communication.

Consider configuring reverse repo of government bonds before the holiday (1-day term enjoys 11-day returns).

Avoid chasing rallies and panic selling; beware of loss risks under rapid rotation.

### Related Stocks

- [Vertiv Holdings Co (VRT.US)](https://longbridge.com/en/quote/VRT.US.md)
- [Micron Technology, Inc. (MU.US)](https://longbridge.com/en/quote/MU.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)
- [XL2CSOPNVDA (07788.HK)](https://longbridge.com/en/quote/07788.HK.md)
- [XI2CSOPNVDA (07388.HK)](https://longbridge.com/en/quote/07388.HK.md)
- [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md)
- [Direxion Daily NVDA Bear 1X ETF (NVDD.US)](https://longbridge.com/en/quote/NVDD.US.md)
- [T-REX 2X Long NVIDIA Daily Target ETF (NVDX.US)](https://longbridge.com/en/quote/NVDX.US.md)
- [T-REX 2X Inverse NVIDIA Daily Target ETF (NVDQ.US)](https://longbridge.com/en/quote/NVDQ.US.md)