中国算力需求持续上升，科创AIETF(588790)盘中溢价，成交额超亿元

Core Viewpoint - The investment value of the domestic AI sector is highlighted, with a shift in growth dynamics from "training" to "inference" in the intelligent computing center market, indicating a stable growth phase despite a slowdown in market growth [3]. Group 1: Market Performance - As of May 26, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) decreased by 0.73%, with mixed performance among constituent stocks [2]. - The Sci-Tech AI ETF (588790) also fell by 0.70%, with a latest price of 0.57 yuan and a turnover rate of 3.37%, totaling a transaction volume of 1.03 billion yuan [2]. - Over the past year, the average daily transaction volume of the Sci-Tech AI ETF reached 2.78 billion yuan, ranking first among comparable funds [2]. Group 2: Company Developments - Kunlun Wanwei launched the Skywork SuperAgents product globally on May 22, 2025, which utilizes AI agent architecture and deep research technology to generate various types of content [2]. - The product ranks first on the GAIA list, showcasing its strong deep research capabilities [2]. Group 3: Fund Performance - The Sci-Tech AI ETF saw a significant increase in scale, growing by 1.50 million yuan over the past week, ranking first among comparable funds [3]. - The fund's shares increased by 3.15 million shares in the same period, also ranking first among comparable funds [3]. - The fund experienced a net outflow of 29.38 million yuan recently, but had a total inflow of 184 million yuan over the last five trading days [3]. Group 4: Leverage and Returns - Leveraged funds have been actively buying into the Sci-Tech AI ETF, with a net purchase of 12.64 million yuan on the highest single day, bringing the latest financing balance to 72.73 million yuan [4]. - Since its inception, the Sci-Tech AI ETF has achieved a maximum monthly return of 15.59%, with an average monthly return of 15.59% and a winning probability of 60.81% [4]. Group 5: Risk and Fees - The fund's management fee is 0.50% and the custody fee is 0.10%, which are among the lowest in comparable funds [5]. - The tracking error of the Sci-Tech AI ETF over the past three months is 0.014%, indicating high tracking precision compared to similar funds [5]. Group 6: Valuation Metrics - The latest price-to-earnings ratio (PE-TTM) of the index tracked by the Sci-Tech AI ETF is 119.64, which is below 80.57% of the time over the past year, indicating a historical low valuation [5]. - The top ten weighted stocks in the index account for 70.68% of the total index weight, with notable companies including Lanqi Technology and Cambricon Technologies [5][7].