Group 1 - The A-share major indices further surged in the afternoon, with the ChiNext Index rising over 3%, reaching 2673.3, marking a new high since January 30, 2023 [1] - The month-to-date increase for the ChiNext Index is 14.8% [1] - Sectors such as semiconductors, consumer electronics, small metals, and internet services showed strong performance, with Kunlun Wanwei (300418) hitting the daily limit up, and companies like Deepin Technology (300454), Feili Hua (300395), and Ruijie Networks also seeing significant gains [1]

Core Viewpoint - The ChiNext Index surged over 3% in the afternoon, reaching 2673.3, marking a new high since January 30, 2023, with a monthly increase of 14.8% [1] Group 1: Market Performance - The semiconductor, consumer electronics, small metals, and internet services sectors showed strong performance [1] - Kunlun Wanwei hit the daily limit with a 20% increase, while companies like Deepin Technology, Feili Hua, and Ruijie Networks also saw significant gains [1]

Group 1 - A-shares experienced a strong rebound on August 22, with the Shanghai Composite Index surpassing 3,800 points, marking a new high for the period [1] - The technology sector led the market rally, with active concepts including GPU, servers, stock trading software, and optical module CPO [1] - The A500 ETF (512050) rose by 1.69%, with major holdings such as Kunlun Wanwei and Haiguang Information hitting the daily limit, and Cambrian's stock surging over 17% [1] Group 2 - Foreign institutional investors are accelerating their entry into A-shares, with global hedge funds buying Chinese stocks at the fastest pace since June [1] - As of August 21, foreign institutions held approximately 2.5 trillion yuan in A-shares, an 8% increase from the end of 2024, accounting for 2.72% of the total circulating market value [1] - Among the 920 companies that disclosed their mid-year reports for 2025, 261 had qualified foreign institutional investors (QFII) among their top ten shareholders, with a total holding value of about 30.14 billion yuan [1] Group 3 - The new generation core A500 ETF (512050) and A500 Enhanced ETF (512370) facilitate investors in accessing core A-share assets [2] - The ETF tracks the CSI A500 Index, employing a dual strategy of industry balanced allocation and leading stock selection, covering all 35 sub-industries [2] - The ETF has a natural "dumbbell" investment characteristic, overweighting sectors such as AI, pharmaceuticals, renewable energy, and defense industries compared to the CSI 300 [2]

光模块、PCB、服务器、交换机等环节与AI算力深度绑定，我国高阶光模块全球市占率高达70%，在本 轮AI算力建设浪潮中充分受益。人工智能+大势所趋，创业板人工智能ETF华夏（159381）精准布局AI 产业链龙头，聚焦高景气AI算力（光模块CPO权重占比超40%）+AI中游软件+应用，高效地捕捉AI主 题行情，目前该ETF场内综合费率仅0.20%，位居同类最低。值得注意的是，今年以来，其跟踪的创业 板人工智能年内累计上涨超50%，显著跑赢CS人工智、科创AI等同类AI指数。 （文章来源：每日经济新闻） 国产大模型引爆算力链行情，中信建投证券表示，当前AI大模型的用户渗透率仍较低，大模型发展仍 处于中初级阶段，产业化应用周期才开始，大模型带来的算力投资方兴未艾，资本开支会随着大模型收 入的增长而增长，投资的天花板可以很高。当前对于算力基础设施产业链，北美链和国产链都值得关 注。 8月22日，A股人工智能产业链集体爆发，其中芯片、光模块CPO、智能体等方向强势领涨。AI算力含 量近50%的创业板人工智能ETF华夏（159381）盘中涨超4%，截至13：26，涨3.53%，持仓股昆仑万维 涨超19%，锐捷网络、景嘉 ...

昆仑万维盘中涨停，现报44.38元。 ...

Core Viewpoint - The article highlights the significant surge in the STAR Market, particularly driven by the AI and semiconductor sectors, with a notable increase in the STAR 50 index and various AI-related stocks [1][5]. Group 1: Market Performance - On August 22, the STAR 50 index rose over 5%, with stocks like Haiguang Information and Cambrian Technology seeing increases of 19% and 14% respectively, while the overall market showed a mixed trend with more declines than gains [1][5]. - The AI computing index also experienced a rise of 3.01% during the trading session, indicating strong investor interest in AI-related stocks [1]. Group 2: Key Drivers of AI Sector Growth - Three major positive developments contributed to the strength of the AI and domestic substitution sectors: 1. The release of DeepSeek-V3.1, which utilizes UE8M0 FP8 Scale parameters, is designed for the upcoming generation of domestic chips, enhancing performance in AI tasks [3][6]. 2. A new policy financial tool worth 500 billion yuan is set to be introduced, focusing on digital economy and AI sectors, alongside the EU's plan to purchase 40 billion USD worth of US AI chips, highlighting global emphasis on AI [3][6]. 3. Reports of Nvidia halting production of the H20 chip have renewed focus on domestic alternatives, with expectations for continued growth in domestic computing capabilities [4][6]. Group 3: Market Trends and Future Outlook - Despite recent market fluctuations, there remains strong support for stocks, with several exceeding 10 billion yuan in trading volume, indicating concentrated investor interest [7]. - Long-term projections suggest a "slow bull" market trend, supported by moderate leverage and valuation levels, with potential liquidity influx of approximately 14 trillion yuan into the market due to asset rotation [8]. - The accumulation of excess savings post-2018, estimated at over 30 trillion yuan, could lead to significant capital flowing into investments, particularly as deposits mature in the coming years [8].

Group 1 - The ChiNext Index is experiencing upward fluctuations, with strong performance in AI agents, chips, and fintech sectors [1] - The Tianhong ChiNext ETF (159977) increased by 2.64%, with a trading volume exceeding 410 million yuan, and has seen a net inflow of over 26 million yuan in the last two days [1] - The top ten weighted stocks in the ChiNext Index include Ningde Times, Oriental Fortune, and Mindray Medical, reflecting the growth potential of high-tech enterprises [1] Group 2 - The current era is characterized as the AI era, marking the fourth industrial revolution, which is driven by the demand for computing power [2] - Long-term investment opportunities are identified in advanced semiconductor equipment, materials, manufacturing, and packaging, which are crucial for the future development of semiconductors [2] - The release of DeepSeek V3.1 supports FP8 precision and upcoming domestic chips, indicating a boost in the domestic computing power ecosystem [2]

Core Viewpoint - The AI agent concept experienced significant fluctuations during trading, with Kunlun Wanwei rising over 10%, and other companies such as Haitai Ruisheng, Yongyou Network, Yanhua Intelligent, Wanxing Technology, and Dingjie Zhizhi also seeing gains [1] Company Summary - Kunlun Wanwei saw a rise of over 10% in its stock price [1] - Haitai Ruisheng, Yongyou Network, Yanhua Intelligent, Wanxing Technology, and Dingjie Zhizhi also experienced stock price increases, indicating a positive market response to the AI sector [1]

【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 (责任编辑：宋政 HN002) 格隆汇8月22日｜科创50指数涨超3%创近三年半新高，AI芯片概念涨幅居前，科德教育20cm涨停，海 光信息、寒武纪、航锦科技、昆仑万维(300418)等个股跟涨。DeepSeek日前发布新模型DeepSeek- V3.1，其表示，针对即将发布的下一代国产芯片，DeepSeek-V3.1使用了UE8M0FP8Scale的参数精度。 ...

快手CFO：预计昆仑万维财年营收将较此前目标翻一番。 ...