AI算力行业拐点将至！易方达云计算ETF联接基金备受关注

Core Viewpoint - The domestic computing power industry chain is experiencing significant growth, driven by increased production of domestic chips, the implementation of mandatory liquid cooling technology, and a surge in global AI applications, creating a strong demand for computing power [1] Group 1: Industry Trends - Domestic chip manufacturers such as Cambricon, Hygon, and Huawei are ramping up shipments of training cards in Q3 [1] - ByteDance and Alibaba are projected to increase their liquid cooling server procurement by 150% year-on-year by 2025 [1] - Shanghai's "Computing Power Pujiang" initiative mandates that over 50% of newly built intelligent computing centers utilize liquid cooling cabinets, indicating strong policy support [1] Group 2: Investment Opportunities - The E Fund CSI Cloud Computing and Big Data Theme ETF Fund (A: 017853; C: 017854) offers investors a low-cost, transparent, and efficient way to capitalize on the digital infrastructure boom [1] - The fund's top ten holdings include leading companies in the server and liquid cooling sectors, such as Inspur Information and Invec, providing exposure to high-demand upstream hardware and downstream platforms [1] - The fund has a management fee of 0.15% per year, which is among the lowest in the industry, and its underlying ETF has a scale exceeding 2.767 billion [1] Group 3: Market Dynamics - The computing power sector is supported by strong policies, technological advancements (liquid cooling improves efficiency by 50%), and accelerated commercialization, particularly in humanoid robot orders concentrated in Q3 [1] - The increase in AI infrastructure spending by companies like Meta and Microsoft further amplifies global demand for computing power [1] - The combination of these factors enhances the growth certainty of the computing power sector, making it an attractive investment avenue for participants in the digital economy [1]