炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 责任编辑：小浪快报 9月18日，澜起科技收跌0.08%，收盘价为119.01元，发生2笔大宗交易，合计成交量15.46万股，成交金 额1839.9万元。 第2笔成交价格为119.01元，成交2.50万股，成交金额297.53万元，溢价率为0.00%，买方营业部为华泰 证券股份有限公司北京西三环国际财经中心证券营业部，卖方营业部为国泰海通证券股份有限公司总 部。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为2386.98万元。该股近5个交易日累 计上涨1.37%，主力资金合计净流出8.94亿元。 第1笔成交价格为119.01元，成交12.96万股，成交金额1,542.37万元，溢价率为0.00%，买方营业部为华 泰证券股份有限公司北京西三环国际财经中心证券营业部，卖方营业部为国泰海通证券股份有限公司总 部。 ...

Group 1 - The chip and computing sectors continue to perform strongly, with Cambricon rising nearly 5% and returning above 1500 yuan, while Northern Huachuang, SMIC, and Haiguang Information reached new highs during trading [1] - Huawei's rotating chairman Xu Zhijun emphasized that computing will remain crucial for artificial intelligence, predicting the launch of the Ascend 950PR chip in Q1 2026 [1] - Baidu and Alibaba's recent AI developments have attracted market attention, with Baidu reporting approximately 500 million yuan in revenue from digital human-related businesses in Q2, a 55% quarter-on-quarter increase [1] Group 2 - The Federal Reserve's decision to cut interest rates by 25 basis points is expected to improve liquidity, benefiting the valuation of technology stocks [1] - The Sci-Tech Innovation Artificial Intelligence ETF tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, with a semiconductor weight of 54.1%, and the top three weighted stocks being Cambricon (16.62%), Lattice Semiconductor (10%), and Chipone Technology (8.65%) [1] - The Artificial Intelligence ETF covers the entire AI industry chain, attracting 6.369 billion yuan in inflows this year, with a total size of 22.795 billion yuan, making it the largest in its category and the only one exceeding 10 billion yuan, offering a low-cost and high-liquidity investment tool for AI sector exposure [1]

Core Viewpoint - The digital economy theme index and related stocks have shown strong performance, driven by advancements in AI technology and domestic chip production [1][2]. Group 1: Market Performance - As of September 18, 2025, the CSI Digital Economy Theme Index (931582) rose by 3.66%, with key stocks like Dahua Technology (002236), Rockchip (603893), and Keda Technology (603786) each increasing by 10.00% [1]. - The Digital Economy ETF (560800) increased by 3.51%, with a latest price of 1.06 yuan, and a trading volume of 19.89 million yuan [1]. - The average daily trading volume of the Digital Economy ETF over the past week was 40.59 million yuan [1]. Group 2: Industry Developments - The 2025 Tencent Global Digital Ecosystem Conference highlighted advancements in AI technology and products, with Tencent announcing full compatibility with mainstream domestic chips [1]. - The trend towards domestic chip production is expected to continue due to security concerns, especially following the U.S. listing of several Chinese semiconductor companies on the entity list [1]. - The demand for computing power driven by AI is significantly increasing, enhancing the value of components such as servers, AI chips, optical chips, memory, and PCBs [2]. Group 3: GPU Market Insights - The domestic GPU market is projected to grow significantly, with Nvidia's revenue in mainland China for 2024 estimated at approximately 17.1 billion USD, translating to over 100 billion yuan [2]. - The domestic GPU market is expected to reach a scale of over 100 billion yuan, with production ramping up [2].

Group 1 - DeepSeek-R1 inference model research paper published in the prestigious journal Nature, marking a significant achievement for the DeepSeek team led by Liang Wenfeng [1] - As of September 18, 2025, the CSI Artificial Intelligence Industry Index rose by 3.26%, with notable stock performances including Lingyun Guang up by 16.91% and Heertai reaching a daily limit up [1] - The Artificial Intelligence ETF (515980) saw a half-day increase of 3.37%, with a total scale reaching 6.925 billion yuan and a net inflow of 110 million yuan [1] Group 2 - The World Trade Organization (WTO) projects that AI could increase global trade in goods and services by nearly 40% by 2040, with trade costs reduction and productivity improvements driving significant growth [2] - Goldman Sachs highlights a resurgence in investment narratives for AI infrastructure in China, with daily token consumption for enterprise-level AI models reaching 10.2 trillion in the first half of 2025, a 363% increase from the second half of 2024 [2] - Guosen Securities notes that global AI computing power demand is on the rise, with domestic markets accelerating the localization of computing power due to foreign restrictions [2] Group 3 - The Huafu Artificial Intelligence ETF (515980) focuses on high AI purity stocks while covering various segments of the AI field, aiming to help investors capitalize on the current technology bull market driven by AI [4] - The ETF includes a selection of stocks with notable performance, such as Zhongji Xuchuang up by 1.69% and Keda Xunfei up by 2.54%, indicating strong market interest in AI-related companies [4]

Core Viewpoint - The semiconductor sector is experiencing a significant surge, driven by advancements in AI technology and increasing demand for smart devices, with a positive outlook for growth in 2025 [1][2]. Group 1: Market Performance - As of September 18, 2025, the Guozheng Semiconductor Chip Index (980017) rose by 5.13%, with notable increases in constituent stocks such as Zhongwei Company (688012) up 10.77%, and Ruixinwei (603893) up 10.00% [1]. - The Semiconductor ETF (159813) also saw a rise of 5.25%, marking its seventh consecutive increase, with the latest price reported at 1.14 yuan [1]. Group 2: Industry Drivers - The growth in the semiconductor industry is attributed to multiple factors including rapid AI computing power demand, accelerated smart device adoption, recovery in automotive electronics, and deepening domestic substitution [1]. - According to Tianfeng Securities, the semiconductor sector is expected to maintain a structural prosperity in 2025, with a continuation of optimistic growth trends driven by AI [1]. Group 3: Key Stocks - As of August 29, 2025, the top ten weighted stocks in the Guozheng Semiconductor Chip Index include Cambricon (688256), SMIC (688981), and Haiguang Information (688041), collectively accounting for 70.69% of the index [2].

Group 1 - The consumer electronics sector is expected to be one of the first areas where AI applications will be implemented, particularly with the advancement of AI glasses from companies like Meta, ByteDance, and Alibaba [1] - As of September 18, 2025, the CSI Consumer Electronics Theme Index (931494) rose by 1.48%, with notable increases in stocks such as Rockchip (10.00%), Chipone (5.82%), and Unisoc (4.44%) [1] - The Consumer Electronics ETF (561600) has shown a strong performance, increasing by 10.32% over the past week, ranking in the top 1/5 among comparable funds [1] Group 2 - The CSI Consumer Electronics Theme Index tracks 50 listed companies involved in component production and brand design in the consumer electronics sector, reflecting the overall performance of these companies [2] - As of August 29, 2025, the top ten weighted stocks in the CSI Consumer Electronics Theme Index accounted for 54.8% of the index, with companies like Cambricon (688256) and Luxshare Precision (002475) leading the list [2] Group 3 - The detailed performance of key stocks within the CSI Consumer Electronics Theme Index includes Luxshare Precision (0.23% increase, 8.06% weight) and SMIC (3.77% increase, 8.04% weight) among others [4] - The Consumer Electronics ETF has various linked products, including those from Ping An, which provide additional investment options in the sector [4]

Group 1 - The core viewpoint of the articles highlights the positive impact of the Federal Reserve's interest rate cuts on global capital risk appetite, leading to significant gains in the A-share technology sector, particularly in electronics, robotics, and smart vehicles [1] - The AI ETF (515070) saw a substantial increase of over 1.5% during trading, with a trading volume exceeding 150 million yuan, and has experienced two consecutive days of capital inflow totaling over 60 million yuan [1] - The global market for smart automotive components is projected to exceed 100 billion USD this year, with China expected to account for at least 50 billion USD, and by the end of the 14th Five-Year Plan, the market could reach over 200 billion USD globally, with China nearing or achieving 100 billion USD [1] Group 2 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), focusing on companies that provide technology, foundational resources, and applications in the AI sector, often referred to as the "brain" of robots and the "ground" of the Internet of Things [2] - The top ten weighted stocks in the AI ETF include leading domestic technology firms such as Zhongji Xuchuang, Xinyi Sheng, Hanwha U, Zhongke Shuguang, Keda Xunfei, Haowei Group, Hikvision, Lanke Technology, Kingsoft, and Unisplendour [2]

Group 1 - Semiconductor stocks surged, with Zhongwei Company rising over 12%, and other companies like Haiguang Information, Chipone, and SMIC increasing by more than 5% [1] - The STAR 50 Index led the broad market, with the STAR 50 ETF (588080) rising by 3.36% and over 15.8% in the last 10 days [1] - The STAR 50 ETF focuses heavily on the semiconductor industry, with a weight of 66% in semiconductor stocks, including leading companies like Cambricon, SMIC, and Haiguang Information [1] Group 2 - Domestic computing power chips are becoming increasingly popular, with tech giants like Alibaba and Baidu increasing their procurement of domestic computing power [1] - Alibaba revealed plans to address global AI chip supply and policy changes during its earnings call [1] - The Federal Reserve lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, aligning with market expectations, with an 87.7% probability of a rate cut in October [1][2]

Group 1 - The core viewpoint highlights the strong performance of the domestic AI industry chain, particularly the Sci-Tech Innovation Artificial Intelligence ETF (589520), which has shown a consistent upward trend over the past week [1] - Major component stocks such as Yuntian Lifei, Chipone, and Cambricon have experienced significant gains, indicating a positive market sentiment towards AI-related companies [1] - The Meta Connect conference is anticipated to showcase new AI glasses, with analysts optimistic about the long-term potential of AI and AR glasses as a key interaction interface [3] Group 2 - The urgency and importance of domestic computing power localization are increasing amid global tech competition, with expectations for rapid growth in domestic computing power demand by 2025 [4] - The domestic computing power chip market is projected to reach a trillion-level market size, driven by the need for self-sufficiency in technology [4] - The Sci-Tech Innovation Artificial Intelligence ETF is positioned to benefit from policy support and the trend of AI development, focusing on companies that are leaders in their respective segments [4][5] Group 3 - The ETF offers a low-threshold investment opportunity with a high degree of aggressiveness, as it has a 20% price fluctuation limit, allowing for efficient capital deployment during market surges [5] - The top ten holdings of the ETF account for over 70% of its weight, with the semiconductor sector representing more than half of the portfolio, indicating a concentrated investment strategy [5]

Core Viewpoint - The integrated circuit ETF (159546) opened with a slight increase of 0.33%, indicating positive market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The integrated circuit ETF (159546) opened at 1.841 yuan, showing a modest gain [1] - Since its establishment on October 11, 2023, the fund has achieved a return of 83.45% [1] - Over the past month, the ETF has delivered a return of 23.64% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) with a rise of 2.21% [1] - Haiguang Information (海光信息) up by 3.04% [1] - Cambricon (寒武纪) increased by 4.58% [1] - OmniVision (豪威集团) slightly up by 0.03% [1] - Lattice Semiconductor (澜起科技) rose by 0.34% [1] - GigaDevice (兆易创新) increased by 1.50% [1] - JCET (长电科技) up by 0.57% [1] - Unisoc (紫光国微) remained unchanged [1] - Chipone (芯原股份) increased by 1.85% [1] - Rockchip (瑞芯微) rose by 1.08% [1]