20% straight-up limit-up in the afternoon! The entire sector is completely boiling over! DeepSeek announces major positive news

Just now, DeepSeek has welcomed a major catalyst!

On the afternoon of April 8, against a generally favorable backdrop for the broader market, the artificial intelligence sector completely exploded. Kaile Co., Ltd. opened higher after the market opened in the afternoon and then surged straight up, hitting the daily limit with a 20% gain. AI-focused growth-board AI ETFs collectively jumped sharply, with most gains exceeding 8%.

There have been reports in the market that DeepSeek has started V4 gray-scale testing among some users. Meanwhile, according to First Financial, DeepSeek has received an important update. In the latest version, “Quick Mode” and “Expert Mode” have been added above the DeepSeek input box. This is the first time since DeepSeek became popular that a mode-tiered design has been introduced on the product side.

Analysts believe that the rise in oil prices caused by war logic has dealt a significant blow to growth stocks. Today’s rally may also be due to a reversal of the above logic.

Completely boiling over

Specifically, let’s look at the heat in the artificial intelligence sector. This afternoon, most AI ETFs are up more than 8%. The STAR 50 Index’s gain widened to 6%, and all constituent stocks are up. This seems to match a strong return of popularity across the entire track.

On the news front, according to First Financial, DeepSeek has received an important update. In the latest version, “Quick Mode” and “Expert Mode” have been added above the DeepSeek input box. This is the first time since DeepSeek became popular that a mode-tiered design has been introduced at the product level. Quick Mode is suitable for everyday conversations, providing instant responses, and supports text recognition for text in images and files. Expert Mode is better at complex questions; it supports deep thinking and intelligent search. Currently, it does not support file uploads and multimodal features. DeepSeek also reminds users that in this mode, if a peak occurs, they need to wait.

There are also reports that DeepSeek V4.0 gray-scale testing has been launched. Unlike previous silent upgrades, this time the user interface shows a clear mode-switch entry: three options—Quick Mode (default), Expert Mode (expert), and Vision Mode (vision)—appear side by side at the top of the conversation interface. Since the gray-scale rollout of million-level context on February 11, this is DeepSeek’s most notable change in product form.

CITIC Securities previously said in a post that DeepSeek’s next-generation model (such as V4.0) is expected to integrate an Engram module into a mature DSA+MoE architecture. By storing key information in layers, it can achieve an exponential decrease in the computation of attention layers, thereby enabling ultra-long context processing and improving efficiency. It is expected to refine code and Agent capabilities, and make up for shortcomings in multimodal functionality, continuing the high-value-for-money route. DeepSeek-V3.2 previously caused the pricing for input and output Tokens to drop by 60% and 75%, respectively.

Will the trend be sustained?

From the current situation, the biggest variable in the market remains Iran.

At present, the two sides have reached a two-week ceasefire agreement, and plan to hold negotiations this Friday (April 10) in Islamabad in hopes of reaching a comprehensive agreement.

Some broker analyses believe that the internal pressure in the United States and the external pressure on Iran are important reasons behind the ceasefire. Iran’s “Ten-Point Recommendations” are actually quite stringent. Even so, Trump still agreed to the ceasefire, indicating that he finds it difficult to bear the political consequences of a war that continues and escalates. At the same time, because the strait has been continuously sealed off, Iran is also under heavy diplomatic pressure.

Now the variable is whether Israel will also agree to a ceasefire. Analysts believe that Israel’s bombardment of Iran is highly dependent on the United States in terms of logistics and intelligence—when the U.S. stops, Israel stops. The Strait of Hormuz is also expected to keep charging fees, but the U.S. will not recognize Iran’s right to collect those fees, while Iran can turn it into a fait accompli.

At the same time, the difficulty of reaching a comprehensive agreement is also relatively high. The differences between the two sides’ terms are large. The essence of ceasefire negotiations is the internal and external pressures on both sides, not consensus based on the terms. If there is no agreement, there will be a risk of another war. But it is possible to reference the Korean War pattern: without a comprehensive agreement and without basic consensus, the reality is a long ceasefire.

The analyses above point out that the timing is not on Trump’s side. A choice needs to be made in the next 1–2 weeks. If you push forward, it may not solve the problem; it could even lead to escalation. If you step back, you will indeed lose political reputation and national interests, but the midterm elections are still half a year away, and there is still time to repair approval ratings.

(Source: China Securities Journal)