中国科技叙事再燃，人工智能AIETF（515070）盘中大涨超6%

Core Viewpoint - The Chinese technology narrative is reignited with a significant surge in the chip industry chain, leading to substantial gains in stocks such as Cambricon, SMIC, and Inspur, alongside a notable increase in the AI ETF (515070) which rose over 6% during trading, with a transaction volume exceeding 300 million and a fund size surpassing 6 billion [1] Group 1: AI and Chip Industry Developments - The official release of DeepSeek-V3.1, which utilizes UE8M0 FP8 Scale parameter precision, is a key development, indicating advancements in next-generation domestic chip design [1] - A new policy financial tool worth 500 billion is set to be introduced, focusing on investments in emerging sectors like digital economy and artificial intelligence [1] - The EU's plan to procure 40 billion worth of American AI chips highlights the global emphasis on the AI industry [1] Group 2: Market Dynamics and Predictions - Concerns regarding Nvidia's H20 production have shifted market focus back to domestic alternatives [1] - According to JPMorgan, the Chinese stock market is expected to maintain upward momentum due to moderate leverage and valuation levels, with potential asset rotation injecting an additional 14 trillion RMB liquidity, approximately 16% of the circulating market value [1] - The report by JPMorgan emphasizes that asset rotation and increased excess liquidity are primary drivers of the rebound in the Chinese stock market [1]