To The Moon

Understanding the function of "Industry Chain" in one sentence:

When a news item mentions a product that belongs to an industry chain we have already included, the information details page will automatically display its suppliers, peers, and customers, and you can expand to view the entire industry chain, helping you follow a news item to discover more opportunities hidden within the same industry chain.

I. What is an industry chain?

An industry chain refers to a line formed by companies at each stage around the same final product or service, from raw materials, components, OEM manufacturing to end-user sales. To understand this function, let's start with an example: an AI chip.

1. How many companies will an AI chip affect?

An AI chip goes through several stages from design to user hands: first, semiconductor equipment manufacturers manufacture production tools such as lithography, then hand it over to wafer foundries to "print" the chip, then the chip design company completes the overall design and packaging, installs it on servers and sells it to cloud computing platforms, and finally becomes the AI services we use every day. Changes in the performance of any link in the chain often drive other links: this is why when news such as "the leading AI chip company's performance is off the charts" comes out, other stocks in the upstream and downstream of the industry chain often fluctuate as well - they are companies that are "connected by one rope".

2. Why should we care about the industry chain?

When you see a news story about a certain target, that target is often just one link in the industry chain: its suppliers may benefit from its increased orders, its peers may be compared to its performance, and its customers may also be affected if their own performance changes. Focusing solely on this one target mentioned in the news can easily lead to missing other opportunities hidden in the upstream and downstream of the industry chain.

Taking Nvidia's industry chain as an example

II. How is this function presented?

1. The news will automatically display the industry chain map of the relevant target.

When the news details page recognizes that the target mentioned in the news belongs to an industry chain that we have already included, a "Industry Chain" card will appear below the main text, with a gray ⓘ icon next to the title - click on it to see the description you are currently reading.

The cards are grouped into three groups: suppliers, peer companies, and customers, showing the companies most directly related to this target. If this target belongs to multiple business layers in the industry chain at the same time (for example, Nvidia does both chip design and network equipment), you can also switch to view the respective affiliated companies of different business layers.

2. Click on the card to expand the complete industry chain diagram.

If the card information is insufficient, clicking "View Complete Industry Chain Diagram" at the bottom of the card will take you to a separate industry chain details page. This page will show you all the business layers of the entire industry chain from upstream to downstream, as well as all the listed companies at each layer. It will also mark which layer the company directly related to this news is on, making it easier for you to find it layer by layer.

III. Core Applications

The industry chain map showcases suppliers, peer companies, and customers, not just a simple list. Instead, it helps you see how linkages might occur throughout the entire chain where the target is located, starting from a single news story.

When using it, you can pay close attention to:

• Did the supplier group also fluctuate along with this news?—If positive news leads to increased orders, it often simultaneously boosts upstream suppliers. The synergy between suppliers can help you determine whether this industry chain synergy has truly occurred.

• Differences in price fluctuations among peer companies—The simultaneous appearance of several companies in the same business layer but their price fluctuations are not synchronized usually indicates that the market is differentiating between the fundamentals and market share of specific companies, rather than speculating on the entire industry as a whole.

• Customer Group Performance—Changes in the client's own performance will, in turn, affect the order expectations for that target. The client team can help you monitor in advance whether downstream demand might falter.

• Which link in the industry chain is this target located in?—The closer you get to the links that directly impact the news, the more obvious the linkage is usually, and the more outward the transmission, the more delayed or attenuated it may be.

Looking only at this one target mentioned in the news, it's easy to only answer "what does this news mean to it?" In conjunction with the industry chain card, we can ask one more question, "What does this mean for its upstream and downstream industries and peers?", thereby discovering more perspectives on the same news story.

IV. Where can I see

Currently, the "Industry Chain" card only appears on the news detail page where the news body recognizes the included target. It is not available in all news items—if the target in the news is not currently within the scope of the industry chain we include, this card will not be displayed.

V. Usage Recommendations

• To determine if a piece of news will affect the entire industry chain rather than just a single target, see if there are also significant fluctuations in the supplier/customer group.

• To compare who benefits more and who suffers more in the same sector: look at the differences in the price fluctuations of several stocks grouped by peer companies.

• To anticipate whether changes in downstream demand will in turn affect this target: Focus on the customer group.

• To see the complete industry chain, or to find related targets that aren't on the map, click "View Complete Industry Chain Map" to enter the details landing page.