Today (June 1st), the AI application concept performed actively. The in-market price of Huabao Fund's Big Data ETF (516700), which covers popular concepts such as computing power leasing and AI applications, rose by up to 2.39% during the session and is currently up 2.28%.

Data shows that Huabao Fund's Big Data ETF (516700) has attracted capital inflows for four consecutive trading days, totaling 8.48 million yuan. Over a longer period, the fund has seen cumulative net inflows of 19.39 million yuan in the past 20 days, reflecting investor optimism about the future performance of the big data industry and positioning ahead of potential gains.

Regarding constituent stocks, Servyou Software Group Co.,Ltd. hit the daily limit-up, Sangfor Technologies surged over 8%, while China Greatwall Technology Group Co., Ltd., Digiwin Smart Technology, and China National Software rose more than 6% in tandem. Stocks such as Easysent, Thunisoft, and Inspur Information also followed the upward trend.

On the policy front, the State Administration for Market Regulation and the National Development and Reform Commission jointly issued an important document titled "Guidance on the Artificial Intelligence Measurement System and Capacity Building (2026 Edition)," systematically planning the construction of AI measurement capabilities. Industry insiders point out that driven by policy, the value of high-quality data will be further re-evaluated, and the data governance and services sector is expected to welcome new growth opportunities.

Guojin Securities noted that 2026 will be a critical year for AI applications transitioning from "technical validation" to "commercial promotion." Software defines computing power, enabling returns from providing foundational tools. The powerful semantic understanding and data analysis capabilities of large models are beginning to yield commercial dividends.

Morgan Stanley believes that the dominant narrative for AI in China is no longer about capability catch-up but about value capture. The core logic has shifted from training to inference, from technology to application, and from potential to actual profitability. The catch-up trend in the application layer may become the next core investment theme.

[Data Security is Paramount, Technological Self-Reliance is Key] Huabao Fund's Big Data ETF (516700), deeply tied to domestic computing power (IDC, servers) and AI application fields, passively tracks the CSI Big Data Industry Index. It covers the entire data technology process, including big data storage, production, analysis, operation platforms, and application, better reflecting the overall development of China's big data industry. Its top holdings include leading companies such as Dawning Information Industry Co., Ltd., iFLYTEK, Unisplendour Corporation Limited, Inspur Information, China Greatwall Technology Group Co., Ltd., and China National Software.

The underlying index of Huabao Fund's Big Data ETF (516700) encompasses several hot concepts. As of the end of April, the weight of constituent stocks associated with cloud computing, IDC (computing power leasing), computing power, and AI application concepts accounted for 88.15%, 44.99%, 43.49%, and 28.23% respectively.

Note: The in-market abbreviation for Huabao Fund's Big Data ETF (516700) was previously Big Data Industry ETF. Risk Disclosure: Huabao Fund's Big Data ETF passively tracks the CSI Big Data Industry Index. The base date of this index is December 31, 2012, and it was launched on October 18, 2016. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its back-tested historical performance does not indicate future index performance. The constituent stocks mentioned in this article are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading intentions of any fund managed by the fund manager. The fund manager assesses the risk level of this fund as R3 - Medium Risk, suitable for Balanced (C3) and above investors. Suitability matching opinions should be based on the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment involves risks. The past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Caution is advised in fund investment.