Technology sector strength continues to dominate the market. Today, on June 2nd, the technology sector surged again. The optical module leader, New Industries Sunbird, led the gains, rising nearly 4%. Semiconductor leader Cambricon and software development leader Kingsoft Office rose over 2%. The hard technology broad-based index covering the top 50 high-growth leaders from the ChiNext and STAR markets—the Huabao Dual Innovation 50 ETF (588330)—saw its intraday price increase reach up to 2.31%, currently trading 0.95% higher. Within just half an hour of market opening, its real-time turnover has already exceeded 49 million yuan, indicating active trading.
The catalyst for this move is NVIDIA's entry into the PC chip market, which has ignited the industry chain. On June 1st, at the GTC conference, NVIDIA unveiled its new super chip for Windows-based personal computers, the RTX Spark. This chip utilizes the NVIDIA Blackwell RTX GPU, featuring 6144 CUDA cores and fifth-generation Tensor Cores. This move officially signals NVIDIA's entry into the personal computer core processor market.
NVIDIA's CEO, Jensen Huang, stated in his speech that the personal computer, after over forty years of development since the Windows 95 era, has reached a new inflection point. AI agents are reshaping the PC industry landscape. NVIDIA and Microsoft are "reinventing" the personal computer, enabling local PCs to possess independent AI agent capabilities and realizing the deployment of artificial intelligence at the terminal.
Dongwu Securities pointed out that the high-growth trend in the AI industry has not ended. Subsequently, the technology sector will remain the main theme, with the market gradually entering a phase of concentrated trading, focusing on core assets. Market funds will concentrate on deploying core varieties with real earnings delivery and clear high-growth expectations, suggesting that structural market trends may continue.
Kaiyuan Securities also noted that technology growth remains the core theme of the current market. However, with an upgrade in the market's appreciation for quality within the tech growth sector, there is a need to re-screen for assets that can truly bear valuation and deliver profits. Focus should be on domestic computing power. The potential catalysts from giant IPOs like ChangXin and ChangCun could become significant timing catalysts. The computing power theme is not over, but internally, greater emphasis should be placed on domestic computing power. The core lies in the resonance of industry trends, domestic substitution, and the improvement in order growth rates.
It is worth noting that, as of the end of May, the underlying index of the Huabao Dual Innovation 50 ETF (588330)—the S&P China A-Share Sci-Tech Innovation 50 Index—has accumulated a gain of 216.27% since the "9.24" market trend, significantly outperforming major indices such as the ChiNext 50 (191.77%) and the STAR 50 (172.35%), leading among hard technology broad-based indices.
Packaging China's Core Technology in One Trade
The hard technology broad-based fund—the Huabao Dual Innovation 50 ETF (588330) and its corresponding off-exchange feeder funds (Class A: 013317 / Class C: 013318)—tracks an underlying index that selects the 50 largest strategic emerging industry listed companies from the STAR Market and the ChiNext Board as its sample. It encompasses popular themes such as optical modules, semiconductors, and photovoltaic equipment. Its top holdings include industry leaders like CATL, InnoLight Technology, Cambricon, and SMIC. With a 20% daily price limit, it may facilitate faster rebounds. Furthermore, this ETF is eligible for margin trading and securities lending and is included in the Stock Connect program, making it an efficient tool for a one-stop allocation to new quality productive forces.