Group 1 - The core viewpoint of the news highlights the strong performance of the AI sector, particularly the rise of the Sci-Tech Innovation Board AI Index and its constituent stocks, indicating a bullish trend in the market [3][4]. - The Sci-Tech AI ETF (588790) has shown significant growth, with a 7.74% increase over the past week and a trading volume of 1.02 billion yuan, reflecting high investor interest [3][5]. - The National Development and Reform Commission emphasizes the need for a supportive environment for AI innovation, including financial backing and the establishment of application pilot bases to enhance the AI ecosystem [4]. Group 2 - Chipmaker Chip Origin reported a record high in its order backlog, amounting to 3.025 billion yuan, with new orders of 1.205 billion yuan signed between July 1 and September 11, marking an 85.88% increase year-on-year [4]. - The AI hardware industry is expected to maintain high growth due to increasing demand for advanced computing power, with companies like NVIDIA leading the charge in hardware innovation [5]. - The top ten weighted stocks in the Sci-Tech Innovation Board AI Index account for 71.66% of the index, indicating a concentration of market influence among these key players [6].

Core Viewpoint - The semiconductor industry is currently in an upward cycle, with AI being a significant driver of growth [1][3][4] Group 1: Semiconductor Industry Performance - In August 2025, the domestic semiconductor industry (CITIC) rose by 23.84%, outperforming the CSI 300, which increased by 10.33% [1] - The integrated circuit sector saw a 31.47% increase, while discrete devices rose by 16.29%, semiconductor materials by 15.24%, and semiconductor equipment by 13.67% [1] - Year-to-date, the semiconductor industry (CITIC) has increased by 36.16% [1] - The Philadelphia Semiconductor Index rose by 1.09% in August 2025, with a year-to-date increase of 13.84% [1] Group 2: Financial Performance of AI Chip Manufacturers - In Q2 2025, the semiconductor industry reported revenues of 188.43 billion yuan, a year-on-year increase of 13.87%, and a net profit of 14.763 billion yuan, up 23.99% [2] - Major domestic AI chip manufacturers showed remarkable performance: Cambrian's revenue grew by 4425.01% year-on-year and 59.19% quarter-on-quarter, with a net profit increase of 324.97% year-on-year [2] - Haiguang Information's revenue increased by 41.15% year-on-year and 27.66% quarter-on-quarter, while Chipone's revenue rose by 49.90% quarter-on-quarter [2] Group 3: Global Semiconductor Market Trends - Global semiconductor sales in July 2025 increased by 20.6% year-on-year, marking the 21st consecutive month of growth [3] - North American cloud providers' capital expenditures rose by 69% year-on-year in Q2 2025, with a quarter-on-quarter increase of 23% [3] - Domestic internet companies' capital expenditures grew by 168% year-on-year in Q2 2025 [3] - Global wafer fab capacity utilization improved significantly in Q2 2025, with a slight decrease in inventory levels for some chip manufacturers [3] Group 4: Investment Opportunities - Nvidia's CEO estimates that the Chinese market will present approximately $50 billion in opportunities by 2025, with a projected compound annual growth rate of 50% [4] - The domestic AI chip manufacturers are expected to continue gaining market share, suggesting investment opportunities in the AI chip supply chain [4] - North American cloud providers are expected to increase their capital expenditures significantly, with a forecast of $600 billion in 2025 [6]

Core Viewpoint - The semiconductor sector in China's Sci-Tech Innovation Board is experiencing a strong upward trend, driven by companies like Alibaba and Baidu adopting self-designed chips for AI model training, reducing reliance on Nvidia chips [1] Group 1: Market Performance - As of September 12, 2025, the Sci-Tech Innovation Board Chip Index (000685) rose by 2.88%, with key stocks such as Chip Original Co. (688521) up 18.03%, East China Semiconductor (688110) up 8.22%, and Tianyue Advanced (688234) up 7.57% [1] - The Sci-Tech Chip ETF Index (588920) also increased by 2.91%, marking its third consecutive rise, with the latest price at 1.41 yuan [1] Group 2: Industry Developments - According to The Information, Alibaba and Baidu have begun using internally designed chips for AI model training, indicating a shift away from Nvidia's chips [1] - Dongwu Securities suggests that the recent market surge is not the end of the "domestic computing power" trend, but rather a period of consolidation before a healthier upward movement [1] - Recent positive developments include active capital operations, with Cambrian's private placement approved by the CSRC and Haiguang advancing its acquisition of Shuguang [1] Group 3: Company Initiatives - Alibaba is launching a series of initiatives to strengthen its AI ecosystem, including a strategic partnership with Honor and the release of the "Gaode Street Ranking" [1] - The optimistic outlook for Alibaba's AI prospects in the coming year is supported by the recent launch of the Qwen Max Preview high-parameter model [1] Group 4: Index Composition - As of August 29, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board Chip Index (000685) include Cambrian (688256), Haiguang Information (688041), and SMIC (688981), collectively accounting for 62.02% of the index [2]

Core Viewpoint - The domestic AI industry is experiencing significant growth, driven by strong policy support, technological advancements, and surging market demand, particularly highlighted by the performance of the domestic AI-focused ETF and its constituent stocks [1][4][5]. Group 1: Market Performance - The domestic AI-focused ETF (589520) saw an intraday price increase of nearly 3%, currently up 1.81%, marking a three-day consecutive rise [1]. - Key constituent stocks such as Chipone Technology surged over 15%, while Cambricon and Yuke Tech rose by more than 4% and 3% respectively [1]. - The ETF's trading threshold was reduced from approximately 120 yuan to about 60 yuan following a 1:2 share split, making it more accessible for investors [5]. Group 2: Industry Trends - Major global tech companies, including Oracle, Microsoft, Google, and Meta, are significantly increasing their capital expenditures on AI infrastructure, indicating a robust demand for high-end chips and related hardware [3]. - The Chinese government's policies are strongly supporting the integration of AI across key sectors, with initiatives like the "Artificial Intelligence+" action plan aiming for deep integration by 2027 [4]. Group 3: Technological Advancements - Domestic companies are making rapid technological breakthroughs, with Huawei and Alibaba Cloud demonstrating advancements in large-scale computing capabilities [4]. - The processing capacity in China has dramatically increased, with daily token processing volume soaring from 100 billion to 30 trillion within a year and a half [4]. Group 4: Investment Opportunities - The ETF is positioned to benefit from the ongoing domestic AI industry growth, with a focus on companies that are well-placed in the AI supply chain [6][7]. - The ETF's top ten holdings account for over 71.66% of its weight, with semiconductors being the largest sector, representing over 54.1% [7].

2025.09.12 本文字数：621，阅读时长大约1分钟 作者 |一财阿驴 09:32 算力板块盘初活跃 科华数据、润建股份涨停，荣联科技上涨8.67%，易华录、润泽科技、数据港涨超4%。 09:31 芯原股份股价创新高 芯原股份涨14.38%，报175.0元/股，股价再创新高，总市值突破919.99亿元，成交额达19.36亿元。 09:26 A股开盘｜三大股指涨跌不一 游戏板块领跌 三大股指开盘涨跌不一，沪指开盘报3875.51点，涨0.01%；深成指开盘报12941.26点，跌0.3%；创业板 指开盘报3024.1点，跌0.97%。工业金属、培育钻石、港口航运板块涨幅居前，游戏、通信设备、油 气、CPO等板块走低。 | | | A股重要指数 | | | --- | --- | --- | --- | | 名称 | 最新 | 涨跌 | 涨幅 | | 上证指数 | 3875.51 | +0.20 | +0.01% | | 深证成指 | 12941.26 | -38.63 | -0.30% | | 北证50 | 1632.30 | -3.12 | -0.19% | | 创业板指 | 3024.10 | -29 ...

格隆汇9月12日｜芯原股份(688521.SH)今日复牌，盘初涨近20%，报183.4元。消息面上，芯原股份宣布 将以发行股份及支付现金方式购买芯来智融股权，股票今日复牌。芯原股份还称，截至2025年第二季度 末，在手订单金额为30.25亿元，创历史新高。2025年7月1日至2025年9月11日，公司新签订单12.05亿 元，较去年第三季度全期大幅增长85.88%，新签订单已创历史新高，其中AI算力相关的订单占比约 64%。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Group 1 - The semiconductor sector experienced a significant rally on September 12, with notable stock price increases [1] - Chipone Technology saw its stock price rise over 14%, reaching a new high [1] - Other companies such as Demingli, Yangjie Technology, Jiangbolong, Purun Technology, Liyang Chip, and Juguang Technology also experienced stock price increases [1]

9月12日，A股三大指数涨跌不一，上证科创板人工智能指数截至发稿涨2.08%，成分股中，芯原股份涨 超18%，寒武纪-U、优刻得-W、奇安信-U、芯海科技、中科星图等跟涨。 相关ETF方面，已连涨两日的科创板人工智能ETF（588930）盘初拉升截至发稿涨2.41%。Wind金融终 端数据显示，截至9月11日收盘，该ETF近20个交易日涨21.78%。 （文章来源：21世纪经济报道） 科创板人工智能ETF（588930）紧密跟踪上证科创板人工智能指数（950180.CSI）。该指数从科创板市 场中选取30只市值较大且业务涉及为人工智能提供基础资源、技术以及应用支持的上市公司证券作为指 数样本，以反映科创板市场代表性人工智能产业上市公司证券的整体表现。 消息面上，国家发展和改革委员会在人民日报发表题为《深入实施"人工智能+"行动为高质量发展提供 强大动能》的文章称，完善人工智能应用的创新发展环境。强化政府部门和国有企业示范引领作用，完 善应用试错容错管理制度，推动关键重点场景有序开放。加大人工智能领域金融和财政支持力度，完善 风险分担和投资退出机制，进一步激发人工智能投融资市场活力。布局建设一批国家人工智能应用 ...

Group 1 - The core viewpoint of the article highlights that Chip Origin Co., Ltd. has resumed trading with a significant opening increase of over 8%, following the announcement of a record-high new orders amounting to 1.205 billion from July 1 to September 11 [1] - As of September 11, Chip Origin holds a 2.68% share in the Sci-Tech Innovation 50 Index [1] - The Sci-Tech Innovation 50 ETF (588000) tracks the Sci-Tech Innovation 50 Index, which has a composition of 68.77% in the electronics sector and 9.85% in the pharmaceutical and biotechnology sector, totaling 78.62%, aligning well with the development directions of cutting-edge industries such as artificial intelligence and robotics [1] Group 2 - The article suggests that the current position of the Sci-Tech Innovation 50 Index remains near the baseline, and based on the historical performance of the ChiNext Index, there is potential for future growth [1] - Investors optimistic about the long-term development prospects of China's hard technology are encouraged to maintain their focus on this sector [1] - Related ETF mentioned is the Sci-Tech Innovation 50 ETF (588000) [1]

格隆汇9月12日｜芯原股份(688521.SH)今日复牌，盘初涨近20%，报183.4元。消息面上，芯原股份宣布将以发行股份及支付现金方式购买芯来智融股权， 股票今日复牌。芯原股份还称，截至2025年第二季度末，在手订单金额为30.25亿元，创历史新高。2025年7月1日至2025年9月11日，公司新签订单12.05亿 元，较去年第三季度全期大幅增长85.88%，新签订单已创历史新高，其中AI算力相关的订单占比约64%。 ...