存储芯片涨价周期将至！芯片ETF上涨0.39%，华大九天上涨2.07%

Core Viewpoint - The A-share market shows mixed performance with the semiconductor sector experiencing a notable rise, indicating potential investment opportunities in the chip industry as demand recovers and prices increase [1]. Market Performance - On July 31, the Shanghai Composite Index fell by 0.59%, while sectors such as telecommunications, comprehensive, and electronics saw gains [1]. - The chip ETF (159995.SZ) rose by 0.39%, with key component stocks like Huada Jiutian increasing by 2.07% and Jingjia Micro by 1.45% [1]. Semiconductor Industry Insights - The storage chip industry is expected to enter a price increase cycle, with average spot prices for DDR3, DDR4, and DDR5 rising month-on-month by 14.05%, 33.38%, and 2.75% respectively [1]. - Factors contributing to this trend include controlled production by manufacturers and a recovery in demand driven by AI and smart terminal applications [1]. Domestic Computing Power - According to Zhongyin Securities, the current enhancement in domestic computing power limits the impact of H20 on local companies [1]. - The combination of H20's return to sales in China and the boost in domestic computing capabilities is likely to catalyze the computing infrastructure supply chain and the entire AI industry chain [1]. Chip ETF Overview - The chip ETF (159995) tracks the Guozheng Chip Index, comprising 30 leading companies in the A-share chip industry, including SMIC, Cambrian, Changdian Technology, and Northern Huachuang [1]. - The ETF has associated funds, with A-class (008887) and C-class (008888) options available for investors [1].