Sou Hu Cai Jing·2025-08-21 08:04Core Viewpoint - The AI computing power sector is experiencing significant growth, driven by increasing demand and substantial investments from major tech companies, leading to a surge in related stocks and funds [1][2][6]. Group 1: Market Performance - Industrial Fulian's stock hit a historical high, with a market capitalization exceeding 970 billion yuan, approaching the "trillion" market cap club [1]. - A-shares related to AI computing power have seen a rapid increase in value, with several stocks, including Industrial Fulian and New Yisheng, achieving record highs [1]. - As of August 18, multiple AI computing power stocks have doubled in value since April 9, indicating strong market momentum [6][10]. Group 2: Investment Trends - Major tech companies are ramping up investments in computing power infrastructure, with Meta planning to build the world's largest data center cluster and OpenAI seeking to raise substantial funds for data center construction [2][3]. - Capital expenditures for major firms like Amazon, Microsoft, and Meta have significantly increased, with Amazon's Q2 capital expenditure reaching $31.4 billion, a 90% year-on-year increase [4][5]. - The AI computing power sector is expected to maintain strong growth in capital expenditures, driven by rising demand for data centers, servers, and optical modules [5]. Group 3: Fund Performance - A total of 12 AI computing power stocks are heavily held by over a hundred funds, with significant investments in stocks like New Yisheng and Zhongji Xuchuang [6][7]. - Funds that have invested in AI computing power stocks have reported impressive returns, with 26 funds achieving over 100% returns since April 9 [10]. - Specific funds, such as Zhonghang Fund's "Zhonghang Opportunity Leading Mixed Fund," have shown exceptional performance, with returns exceeding 145% since April 9 [15].