Cambricon(SH:688256) Xin Lang Ji Jin·2025-08-12 06:21Group 1 - Chip stocks have surged, with Cambrian's 20CM hitting a historical high and shares of Chip Origin rising over 8% [1] - The Huabao ETF (589520), focused on the domestic AI industry chain, saw a price increase of over 3% and is close to its listing high [1] - The Huabao ETF has attracted significant capital, with cumulative inflows of 11.34 million yuan in the last 5 days, indicating strong investor interest in the sector [1] Group 2 - Market rumors suggest that DeepSeek-R2 is expected to be released between August 15 and August 30, 2025, following the launch of ChatGPT-5 [3] - Cambrian has reportedly ordered 500,000 chips from Jing Shuo for next year, with expectations of generating 30-40 billion yuan in revenue by 2026 [3] - Huawei held a forum on AI in Shanghai, where it announced advancements in AI inference technology that could reduce reliance on HBM technology [3] Group 3 - Tianfeng Securities noted that AI has met conditions for a second wave of growth after a period of adjustment, with low crowding and sustained long-term logic [4] - The Huabao ETF is characterized by high elasticity, with over 67% of its top ten holdings in the semiconductor sector, indicating strong offensive potential [5] - The ETF's index is well-balanced across application software, terminal applications, and chips, positioning it to benefit from the acceleration of AI integration [5]