A major technological breakthrough occurred on March 24th! Alibaba DAMO Academy officially launched its new-generation Xuantie RISC-V server-grade chip. This chip is deeply optimized specifically for the current explosive growth in AI Agent computing demands. It not only fills the gap for domestically-produced high-end server chips but also significantly lowers the barrier to high-performance computing through the advantages of its open-source architecture, adding a crucial asset to China's path toward semiconductor self-sufficiency and instantly sparking widespread industry discussion.

It is noteworthy that the high-end server chip sector has long been monopolized by foreign giants, posing a "bottleneck" risk to China's digital economy development. Leveraging the open and open-source RISC-V architecture, the new Xuantie product completely breaks free from the constraints of foreign instruction sets. It natively integrates general-purpose computing power with AI computing power, specifically addressing the computational bottlenecks in AI multi-agent collaboration and large-scale model inference, making high-performance computing power no longer exclusive to a handful of companies.

Industry insiders pointed out that the release of the Xuantie RISC-V server chip represents another critical breakthrough for China in the high-performance chip sector. This not only demonstrates the R&D strength of domestic chips but also aligns with the national direction of developing new quality productive forces. From embedded chips to server-grade chips, and from single-point breakthroughs to ecosystem building, China's domestic RISC-V industry is entering a period of rapid growth, gradually constructing a self-sufficient computing power system. In the future, as the RISC-V ecosystem continues to mature, domestic chips are expected to achieve a "corner overtaking," completely breaking the foreign monopoly and firmly securing core technology domestically.

In market performance, on Tuesday, March 24th, the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520), which focuses on the domestic AI industry chain, saw its intraday price rise by up to 1.43% in the morning session before pulling back and subsequently recovering. It is currently trading near the break-even level. Notably, this ETF has accumulated net inflows of 21.66 million yuan over the past five days. Extending the view, it has attracted a substantial 98.84 million yuan over the past 20 days, reflecting positive capital inflow and optimistic sentiment regarding the future performance of domestic computing power.

Among its constituent stocks, Tianzhun Technology led gains, rising over 4%. Stocks like Yushi Network, Kaipuyun, and Sikan Technology increased by more than 1%, while Cambricon, Kingsoft Office, and VeriSilicon Holdings also traded in positive territory. On the other hand, Anlu Technology fell over 3%, and UCloud Technology Co declined more than 2%, ranking among the top decliners and weighing on the index performance.

[A Beacon of Domestic Substitution, Strengthening Scientific and Technological Self-Reliance] The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) and its feeder funds focus on the domestic AI industry chain. Its constituents include leading domestic GPU companies, leading domestic ASIC companies, and leading AI application companies. The semiconductor industry holds a weight of nearly half the portfolio, giving it strong offensive characteristics; the software industry accounts for over thirty percent, positioning it to potentially benefit from catch-up rallies in AI applications. Additionally, this ETF is a margin trading security, making it an efficient tool for gaining exposure to the domestic computing power theme.

ETF Fee Information: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC does not charge a sales service fee. Subscription and redemption agents may charge a commission of up to 0.5%, which includes relevant fees charged by stock exchanges and registration institutions. Intraday trading fees are subject to the rates actually charged by securities companies. Feeder Fund Fee Information: For the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC Feeder Fund, the subscription fee rate is a flat 1000 RMB per transaction for subscription amounts of 2 million RMB or more, 0.6% for amounts between 1 million RMB and 2 million RMB, and 1% for amounts below 1 million RMB. The redemption fee rate is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days or more; it does not charge a sales service fee. The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC Feeder Fund does not charge a subscription fee. The redemption fee rate is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days or more; it charges a sales service fee of 0.3%.

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