[Yesterday’s Market Review] On August 31, the mass entrepreneurship and innovation index collectively rose and fell back on the last trading day. It had previously risen by more than 1%. The turnover of Shanghai and Shenzhen stock markets was 2.1 trillion, a decrease of 24.2 billion from the previous trading day. 1) Recently, many institutions issued reports raising the target stock price of Nvidia. Some analysts called out the "most optimistic target price" of US$550, corresponding to a total market value of US$13 trillion, which stimulated Nvidia's stock price to open higher and close up nearly 9% overnight. However, computing power hardware stocks continued to fall after rising rapidly in early trading. Optical module leader Zhongji Innolight, which once rose by more than 5% in early trading, fluctuated and turned green in the afternoon. 2) U.S. enterprise software giant Salesforce and cybersecurity giant CRWD released their latest quarterly financial reports. Both revenue and net profit performance exceeded market expectations. Overnight, Salesforce’s stock price surged 22%, and U.S. cybersecurity concept stock CRWD closed up 20%. The two major branches of software and network security drove the AI ​​application side to rise sharply. Dingjie Digital, Qilin Xin'an, Tianrongxin, and Jiuqi Software hit the daily limit. Many stocks such as Qi'anxin, Foxit Software, and Sangfor once rose by more than 10% in early trading. However, directions such as computing power and hardware have a significant drag on the mass entrepreneurship and innovation index, which also indirectly affects the performance of the entire application side. 3) The increase in agricultural product prices continues to catalyze the agricultural sector to gain momentum. Wanxiang Denong, the leader in corn seeds, has shrunk and upgraded to a 4-day limit. Xinsai shares, a cotton stock with a net profit gap, has hit the daily limit for 2 consecutive days. Forestry, fishery, palm oil, sugar and other branches have successively started to make up for the increase, which in turn has driven the downstream food processing industry to start making up for the increase. Black sesame and Zuming shares have both reached the limit. 4) The chemical industry sector continued its previous strength. The pesticide stock Xinnong Co., Ltd. closed after a huge shock and was upgraded to a three-day board. Fertilizer stocks such as Luhua Technology, Chitianhua, and Lutianhua hit their daily limit. Since the Strait of Hormuz carries one-third of the global seaborne fertilizer trade, the obstruction of passage in the strait has triggered a sharp shrinkage in shipping, causing overseas prices of urea and other fertilizers to remain high.