According to CoinMeta, the transition of on-device models from 1B to 30B level is considered a "capability singularity," and the demand curve for on-device SoC may be rewritten. Domestic chip companies have different focuses. Today, a total of 140 institutional research reports were released across the market. The ratings of Baofeng Energy and CATL were downgraded, and 8 companies received coverage for the first time, among which Shouyao Holdings received in-depth coverage from New Fortune analysts. In the ranking of individual stocks' institutional attention, Biyinlefen made its debut on the list, with the top five being Biyinlefen, China Jushi, Satellite Chemical, Yutong Bus, and Runben Shares.