[Afternoon Commentary: The GEM index rose higher and fell slightly, and robots and physical AI concepts strengthened] On November 4th, the GEM index rose higher and fell back in early trading, after rising by more than 1%. The half-day turnover of the Shanghai and Shenzhen stock markets was 925.1 billion, a decrease of 67.5 billion from the previous trading day. More than 3,700 stocks across the market fell. On the market, the concept of robots and physical AI rebounded, Yongzhen Co., Ltd. hit the 2-day limit, Fulai New Materials and China-Malaysia Transmission hit the daily limit, and Suochen Technology hit the 20CM limit; AI comic Dasheng Culture, Zhewen Pictures, and Longban Media all went out of the 3-game board. , Gravity Media and Decai Shares had 2 boards in 3 days; the semiconductor equipment concept was active, Torrens rose by more than 15%, and Jingyi Equipment rose by more than 8%; the near-end sub-new concept was active, Betley hit the daily limit of 20cm, and Ma Kuang shares had 2 consecutive boards. On the downside, the direction of the "sheep" generation collectively weakened, with Aoyang Health, Sunshine Lighting, Sunshine Dairy, and Baiyang shares falling by the limit. As of the close, the Shanghai Stock Exchange Index fell 0.1%, the Shenzhen Component Index rose 0.14%, and the ChiNext Index rose 0.1%.