Today (January 29), the STAR Market Artificial Intelligence ETF Huabao (589520), which focuses on the domestic AI industry chain, was active in early trading, with its intraday gain once reaching 1.28% before consolidating and retreating with the market. Its current intraday price is down 1.14%. Notably, the ETF has frequently traded at a premium, indicating particularly strong buying interest, with potential capital inflows seizing the dip.
In terms of constituent stocks, the software sector, which accounts for over 30% of the ETF's weighting, led the gains. Transwarp Technology surged more than 8%, Haitian Ruisheng rose over 4%, while Hehe Information and Kingsoft Office followed with increases. On the other hand, the semiconductor sector, representing nearly half of the ETF's weight, led the declines. Montage Technology fell over 4%, with companies like Allwinner Technology, BES, and Espressif Systems each dropping more than 2%, dragging on the index's performance.
Regarding market news, on January 28, the State-owned Assets Supervision and Administration Commission (SASAC) stated that state-owned enterprises will more vigorously promote the "AI+" special action. This includes planning the central enterprises' AI strategy for the "16th Five-Year Plan" period and accelerating the construction and efficient, intensive utilization of domestic AI computing clusters. Simultaneously, they will explore forming an "AI+" industrial community and increase the openness of application scenarios.
Kaiyuan Securities indicated that AWS and Google firing the first shot in cloud computing price hikes reflects robust downstream demand for computing power, suggesting domestic cloud providers may follow suit. Furthermore, the widespread application of general-purpose Agents, represented by Clawdbot, is expected to drive a significant increase in computing power demand.
CSC Financial pointed out that the AI industry is currently experiencing frequent dynamic developments. The subsequent launch of DeepSeek-V4 is anticipated to spark a new wave of AI application enthusiasm. As model capabilities continuously improve, particularly with significant reductions in inference and long-context window costs, AI downstream application scenarios are accelerating into the commercialization verification stage, with the commercialization process expected to further accelerate.
It is noteworthy that the underlying index of the STAR Market Artificial Intelligence ETF (589520) comprehensively covers four key segments: application software, terminal applications, terminal chips, and cloud chips. The AI industry chain is evolving from the cloud towards the edge and shifting from reliance on foreign technology towards self-sufficiency and controllability. The focus on STAR Market AI aligns with the current state of the AI industry chain and may possess greater potential.
Amid the backdrop of technological friction, the importance of information security and industrial security has become prominent. As a core technology, achieving self-sufficiency and controllability in AI is crucial. The STAR Market Artificial Intelligence ETF (589520) and its feeder funds (Feeder A: 024560, Feeder C: 024561) focus on the domestic AI industry chain. Their constituent stocks include leading domestic GPU companies (e.g., Cambricon), leading domestic ASIC companies (e.g., VeriSilicon), and leading AI application companies (e.g., Kingsoft Office). The top ten holdings account for nearly 70% of the weight, with the semiconductor industry representing close to half, giving the fund strong offensive characteristics. The software sector, with a weight exceeding 30%, is poised to benefit from potential catch-up rallies in AI applications. Additionally, this ETF is a margin trading target, serving as an efficient tool for a one-click allocation to domestic computing power.
Risk Warning: The STAR Market Artificial Intelligence ETF and its feeder funds passively track the SSE STAR Market Artificial Intelligence Index. The index's base date is December 30, 2022, and it was published on July 25, 2024. The index's annual performance for 2023 and 2024 was +12.68% and +32.36%, respectively. The index's constituent stocks are adjusted according to its compilation rules; its past historical performance does not indicate future performance. Individual stocks and index constituents mentioned herein are for illustrative purposes only. Descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses the risk rating of the STAR Market Artificial Intelligence ETF Huabao as R4 (Medium-High Risk), suitable for Aggressive (C4) and above investors. The appropriateness matching opinion is subject to the sales institution. Any information appearing in this article is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of a fund does not indicate its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds with caution.
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