ZHONGJI INNOLIGHT(SZ:300308) Zheng Quan Shi Bao·2025-08-03 12:56Group 1 - The AI sector is experiencing a significant rise, becoming a key driver for structural market rebounds, with the CSI Artificial Intelligence Industry Index up 18.66% year-to-date and several constituent stocks rising over 50% [1][3] - The AI market is transitioning from concept to application, with advancements in humanoid robots, AI glasses, and health assistants making AI increasingly accessible [3][4] - Public funds are increasingly focusing on AI sectors with clear fundamentals and growth paths, particularly in AI computing power, as evidenced by a notable increase in allocations in the second quarter of 2025 [6][7] Group 2 - The second quarter of 2025 saw public funds increase their positions in AI, particularly in high-growth areas like AI computing power, with Google’s capital expenditure reaching $22.4 billion, exceeding market expectations [6][7] - Investment is heavily concentrated in the upstream components of the robotics sector, with nearly 70% of funds directed towards parts like reducers and motors, as these segments are more likely to achieve stable revenue [10][11] - The AI industry is undergoing a restructuring, characterized by multiple sub-sectors evolving at different development stages, which is changing investment rhythms and allocation strategies [10][11]