芯片ETF天弘（159310）业绩比较基准为中证芯片产业指数收益率，管理人为天弘基金管理有限公司， 基金经理为洪明华，成立（2024-04-18）以来回报为98.22%，近一个月回报为-1.40%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 11月20日，芯片ETF天弘（159310）开盘涨1.82%，报2.018元。芯片ETF天弘（159310）重仓股方面， 中芯国际开盘涨1.47%，寒武纪涨2.18%，海光信息涨2.47%，北方华创涨1.12%，澜起科技涨2.48%，兆 易创新涨2.46%，中微公司涨1.28%，豪威集团涨0.83%，芯原股份涨2.68%，长电科技涨1.09%。 来源：新浪基金∞工作室 ...

11月19日，芯原股份盘中下跌2.00%，截至13:25，报151.41元/股，成交10.26亿元，换手率1.34%，总市 值796.20亿元。 资金流向方面，主力资金净流入625.30万元，特大单买入1.18亿元，占比11.52%，卖出1.08亿元，占比 10.48%；大单买入2.82亿元，占比27.47%，卖出2.86亿元，占比27.89%。 截至9月30日，芯原股份股东户数4.94万，较上期增加94.49%；人均流通股10144股，较上期减少 48.39%。2025年1月-9月，芯原股份实现营业收入22.55亿元，同比增长36.64%；归母净利润-3.47亿元， 同比增长12.42%。 机构持仓方面，截止2025年9月30日，芯原股份十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股1269.65万股，为新进股东。华夏上证科创板50成份ETF（588000）位居第七大流通股 东，持股1238.14万股，相比上期减少717.46万股。易方达上证科创板50ETF（588080）位居第九大流通 股东，持股1004.36万股，相比上期减少176.28万股。诺安成长混合A（320007）退出十大流通股 ...

11月18日，芯原股份盘中下跌2.00%，截至09:43，报153.66元/股，成交4.01亿元，换手率0.51%，总市 值808.03亿元。 截至9月30日，芯原股份股东户数4.94万，较上期增加94.49%；人均流通股10144股，较上期减少 48.39%。2025年1月-9月，芯原股份实现营业收入22.55亿元，同比增长36.64%；归母净利润-3.47亿元， 同比增长12.42%。 机构持仓方面，截止2025年9月30日，芯原股份十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股1269.65万股，为新进股东。华夏上证科创板50成份ETF（588000）位居第七大流通股 东，持股1238.14万股，相比上期减少717.46万股。易方达上证科创板50ETF（588080）位居第九大流通 股东，持股1004.36万股，相比上期减少176.28万股。诺安成长混合A（320007）退出十大流通股东之 列。 责任编辑：小浪快报 今年以来芯原股份已经6次登上龙虎榜，最近一次登上龙虎榜为9月22日，当日龙虎榜净买入5.23亿元； 买入总计9.78亿元 ，占总成交额比12.11%；卖出总计4.55亿元 ， ...

芯片ETF基金（159599）业绩比较基准为中证芯片产业指数收益率，管理人为东财基金管理有限公司， 基金经理为吴逸，成立（2024-04-19）以来回报为98.05%，近一个月回报为-1.19%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月18日，芯片ETF基金（159599）开盘跌0.35%，报1.974元。芯片ETF基金（159599）重仓股方面， 中芯国际开盘跌0.11%，寒武纪涨0.22%，海光信息跌0.35%，北方华创跌0.19%，澜起科技跌0.33%，兆 易创新跌1.07%，中微公司跌0.87%，豪威集团涨0.01%，芯原股份跌1.15%，长电科技跌0.19%。 ...

Market Overview - The Shanghai Composite Index fell by 0.46% on November 17, with 17 industries experiencing gains, led by the computer and defense industries, which rose by 1.67% and 1.59% respectively [1] - The electronic industry saw a modest increase of 0.17% [1] - A total of 319.53 billion yuan in net outflow of capital was observed across the two markets, with six industries recording net inflows [1] Industry Performance - The computer industry had the highest net inflow of capital, amounting to 72.11 billion yuan, coinciding with its 1.67% increase [1] - The defense industry followed with a net inflow of 28.92 billion yuan and a daily increase of 1.59% [1] - The pharmaceutical and banking industries faced the largest net outflows, with 87.89 billion yuan and 76.44 billion yuan respectively [1] Electronic Industry Analysis - The electronic industry experienced a net outflow of 68.90 billion yuan, despite 264 of its 470 stocks rising, including 2 hitting the daily limit [2] - Among the stocks with net inflows, Chipone Technology led with 4.65 billion yuan, followed by Tengjing Technology and Guokewi with 1.96 billion yuan and 1.82 billion yuan respectively [2] - The stocks with the highest net outflows included SMIC, Lens Technology, and Demingli, with outflows of 7.43 billion yuan, 5.64 billion yuan, and 3.52 billion yuan respectively [2][3] Electronic Industry Capital Flow - The top gainers in the electronic industry included: - Chipone Technology: +7.75% with a turnover rate of 5.00% and a capital flow of 464.91 million yuan - Tengjing Technology: +20.00% with a turnover rate of 12.43% and a capital flow of 196.23 million yuan - Guokewi: +8.55% with a turnover rate of 9.44% and a capital flow of 181.89 million yuan [2] - The top losers included: - SMIC: -0.47% with a capital outflow of 743.44 million yuan - Lens Technology: -2.40% with a capital outflow of 564.25 million yuan - Demingli: -2.19% with a capital outflow of 351.86 million yuan [3]

Market Overview - The large fund concept sector experienced a slight decline of 0.07% on November 17, with TuoJing Technology leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the large fund concept sector included: - GuoKeWei (300672) with a closing price of 110.70, up 8.55% [1] - XinYuan Co. (688521) at 156.80, up 7.75% [1] - GuaiDong Micro (688172) at 27.04, up 6.67% [1] - Conversely, TuoJing Technology (688072) saw a significant decline of 5.72%, closing at 311.13 [2] Capital Flow - The large fund concept sector saw a net outflow of 2.03 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.16 billion yuan [2][3] - Key stocks with notable capital flows included: - XinYuan Co. (688521) with a net inflow of 4.93 billion yuan from institutional investors [3] - GuoKeWei (300672) with a net inflow of 1.91 billion yuan from institutional investors [3] - NanDa GuangDian (300346) with a net inflow of 94.64 million yuan from institutional investors [3]

Market Overview - The semiconductor sector experienced a slight decline of 0.09% on November 17, with Tuojing Technology leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Top Performers - Tuke Micro (300672) saw a significant increase of 8.55%, closing at 110.70 with a trading volume of 198,500 shares and a transaction value of 2.145 billion [1] - Shengjing Micro (603375) rose by 8.16%, closing at 43.35 with a transaction value of 266 million [1] - Chip Origin (688521) increased by 7.75%, closing at 156.80 with a transaction value of 3.866 billion [1] Underperformers - Tuojing Technology (688072) led the decline with a drop of 5.72%, closing at 311.13 and a transaction value of 3.020 billion [2] - Jingyi Equipment (688652) fell by 5.06%, closing at 91.20 with a transaction value of 540 million [2] - Hengxuan Technology (688608) decreased by 4.57%, closing at 213.85 with a transaction value of 1.066 billion [2] Capital Flow - The semiconductor sector saw a net outflow of 4.209 billion from institutional investors, while retail investors contributed a net inflow of 2.684 billion [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Chip Origin (688521) had a net inflow of 4.93 billion from institutional investors, while retail investors saw a net outflow of 4.70 billion [3] - Tuke Micro (300672) experienced a net inflow of 191 million from institutional investors, with retail investors also withdrawing 1.19 billion [3] - Other notable stocks include Fumu Micro (688385) with a net inflow of 73.63 million from institutional investors [3]

Investment Rating - The industry rating is maintained as "Outperform" [11] Core Insights - The report highlights the accelerating investment in AI infrastructure by major tech companies, indicating a robust demand for computing power and a positive outlook for the AI ecosystem [1][17] - The end-side AI market is expected to see significant growth, with key players like Apple, Nvidia, and Meta leading innovations and product launches [2][20][24] Summary by Sections AI Cloud Side - The ongoing US-China talks are easing tensions, leading to increased investments from major tech firms, which is expected to drive demand in the computing supply chain [1][17] - Meta has raised its capital expenditure forecast to $70-72 billion, driven by urgent needs in AI computing [1][18] - Microsoft's capital expenditure reached $34.9 billion in Q1 2026, with plans to double its data center capacity in the next two years [1][19] - Alphabet has adjusted its capital expenditure guidance for 2025 to $91-93 billion, focusing on expanding AI and cloud computing infrastructure [1][19] AI End Side - Apple reported record earnings, with iPhone revenue expected to grow by double digits in Q1 2026, and is increasing its AI R&D investments [2][20] - Nvidia's GTC Washington summit showcased the Vera Rubin superchip, with GPU shipment targets raised to 20 million by 2026 [2][24] - Meta's smart glasses have seen strong sales, with Reality Labs exceeding expectations, prompting increased production [2][26] - Industrial Fulian's net profit surged by 62% YoY in Q3, validating the profitability of its AI server business [2][29] - Luxshare Precision is leading innovations in AR technology and showcasing advanced optical interconnect solutions [2][32] - Google officially launched the seventh-generation TPU "Ironwood," expected to be available soon [2][41] - Rokid has introduced the new BOLON AI smart glasses, marking a significant collaboration in the smart wearable sector [2][8]

芯片ETF景顺（159560）业绩比较基准为中证芯片产业指数收益率，管理人为景顺长城基金管理有限公 司，基金经理为张晓南，成立（2023-11-09）以来回报为59.95%，近一个月回报为-3.94%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 来源：新浪基金∞工作室 11月17日，芯片ETF景顺（159560）开盘跌0.19%，报1.602元。芯片ETF景顺（159560）重仓股方面， 中芯国际开盘跌1.15%，寒武纪跌0.61%，海光信息涨0.75%，北方华创跌0.14%，澜起科技涨0.09%，兆 易创新涨0.99%，中微公司涨0.00%，豪威集团涨0.30%，芯原股份涨3.08%，长电科技跌0.13%。 ...

Core Viewpoint - The Chip 50 ETF (516920) opened at 1.000 CNY, experiencing a slight decline of 0.10% on November 17, indicating a challenging market environment for semiconductor stocks [1] Group 1: ETF Performance - The Chip 50 ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its inception on July 27, 2021, the ETF has recorded a return of -0.08% [1] - Over the past month, the ETF has seen a return of -4.01% [1] Group 2: Major Holdings Performance - Major holdings in the Chip 50 ETF include: - SMIC (中芯国际) down 1.15% [1] - Cambricon (寒武纪) down 0.61% [1] - Haiguang Information (海光信息) up 0.75% [1] - Northern Huachuang (北方华创) down 0.14% [1] - Lattice Semiconductor (澜起科技) up 0.09% [1] - GigaDevice (兆易创新) up 0.99% [1] - Zhongwei Company (中微公司) unchanged [1] - OmniVision (豪威集团) up 0.30% [1] - Chipone (芯原股份) up 3.08% [1] - JCET (长电科技) down 0.13% [1]