算力需求持续火热，人工智能ETF(515980)交投活跃，近1周累计上涨7.50%

Core Viewpoint - The artificial intelligence (AI) sector is experiencing fluctuations in stock performance, with the China Securities Artificial Intelligence Industry Index showing a slight decline, while the AI ETF has demonstrated significant growth over the past week and year [1][3]. Group 1: Market Performance - As of July 22, 2025, the China Securities Artificial Intelligence Industry Index (931071) decreased by 0.82%, with mixed performance among constituent stocks [1]. - The AI ETF (515980) was priced at 1.11 yuan, reflecting a 7.50% increase over the past week as of July 21, 2025 [1][3]. - The AI ETF recorded a turnover rate of 5.45% and a total trading volume of 173 million yuan on the same day [3]. Group 2: Fund Performance Metrics - The AI ETF's latest scale reached 3.183 billion yuan, with a financing buy-in amount of 12.3129 million yuan and a financing balance of 89.6029 million yuan [3]. - Over the past year, the AI ETF's net value increased by 44.82%, ranking 425 out of 2929 index stock funds, placing it in the top 14.51% [3]. - The AI ETF achieved a maximum monthly return of 30.38% since its inception, with an average monthly return of 6.80% during rising months [3]. Group 3: Index Composition - The China Securities Artificial Intelligence Industry Index is constructed from 50 representative listed companies based on their AI business proportion, growth level, and market capitalization [4]. - As of June 30, 2025, the top ten weighted stocks in the index accounted for 52.07% of the total index weight, including companies like Zhongji Xuchuang and Keda Xunfei [4][6]. Group 4: Industry Insights - The demand for computing power in AI applications is increasing, with the return of H20 providing more options for AI application companies and alleviating the shortage of high-end chips [7]. - This shift is expected to encourage domestic manufacturers to accelerate product iterations and support the trend of domestic substitution in the industry [7].