软件ETF（515230）涨超2.2%，鸿蒙生态扩张与AI技术突破提振行业信心

Group 1 - The computer and software development industry is currently in a fundamental chaos period, driven by AI and substitution, which enhances user willingness to adopt, but payment capacity remains limited, requiring breakthroughs in large models and continuous refinement [1] - Investment characteristics are driven by risk appetite, presenting thematic investment features that are difficult to falsify in the short term, with potential for transformation into cyclical investments [1] - In the sub-sectors, AI computing power and LiDAR are expected to maintain high prosperity by 2025, while AI applications are accelerating upward; software outsourcing, financial IT, and Huawei's industrial chain are steadily rising; education IT and cybersecurity are showing turning points; smart transportation and government IT are stabilizing at the bottom [1] Group 2 - In the second half of the year, the apparent operation of the industry may outperform the first half due to base effects, the implementation of new technologies, and policy support; if macro demand continues to improve, the computer sector in the late cycle may perform better [1] - Attention should be paid to the diversion effects from other technology sectors, intensified industry competition, and the risk of technological research and development falling short of expectations [1] - The software ETF tracks a software index compiled by China Securities Index Co., which selects listed companies involved in software development and information technology services from the A-share market to reflect the overall performance of related securities [1]