China A-shares: ChiNext up 3.41%, computing hardware stocks surge

The sharp divergence between surging computing hardware and sliding AI chip stocks suggests capital is rotating within the AI supply chain rather than exiting it. The ChiNext's strong outperformance points to speculative appetite concentrating in high-beta tech names, even as the broader index stalls. With turnover staying elevated and breadth positive, the key question is whether hardware momentum can sustain without AI chip leadership, or if this signals a near-term shakeout in the sector.