AI资本开支成为行业核心驱动力，人工智能ETF(515980)交投活跃，半日成交超6300万元

Market Performance - As of July 9, 2025, the CSI Artificial Intelligence Industry Index (931071) decreased by 0.17%, with mixed performance among constituent stocks [1] - Kunlun Wanwei (300418) led the gains with an increase of 2.72%, while Runze Technology (300442) was the biggest loser [1] - The Artificial Intelligence ETF (515980) was adjusted to a latest price of 1.04 yuan, with a cumulative increase of 4.33% over the past two weeks as of July 8, 2025 [1] Liquidity and Trading Volume - The trading turnover of the Artificial Intelligence ETF was 1.84%, with a half-day transaction volume of 63.08 million yuan [2] - The average daily transaction volume over the past month reached 139 million yuan, with the latest fund size at 3.426 billion yuan [2] - Leveraged funds are actively investing, with the latest margin buying amounting to 12.48 million yuan and a margin balance of 114 million yuan [2] Performance Metrics - The net value of the Artificial Intelligence ETF increased by 40.73% over the past year as of July 8, 2025 [2] - The highest monthly return since inception was 30.38%, with the longest consecutive monthly gains being three months and a maximum increase of 43.97% [2] - The average monthly return during the rising months was 6.80%, and the Sharpe ratio for the past year was 1.18 [2] Index Composition - The CSI Artificial Intelligence Industry Index is composed of 50 representative listed companies selected based on their AI business proportion, growth level, and market capitalization [3] - As of June 30, 2025, the top ten weighted stocks accounted for 52.07% of the index, including companies like Zhongji Xuchuang (300308) and Keda Xunfei (002230) [3][5] Industry Trends - The market dynamics between early 2023 and early 2025 show significant differences, with domestic AI capital expenditure becoming a core driver post-Q4 2024 [5] - The current AI technology landscape is still in its early stages, with key technological breakthroughs expected to catalyze application scenarios and scalable development [5] - The industry is characterized by a focus on self-control and industrial chain potential, supported by declining risk-free interest rates and favorable policies [5]