Venture(US:VEMLY) Ge Long Hui·2025-08-22 08:39Market Overview - The market experienced a strong upward trend in the early session, with the ChiNext Index and the Sci-Tech Innovation Index reaching three-year highs [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.51 trillion yuan [1] - The Shanghai Composite Index rose by 0.67%, the Shenzhen Component Index increased by 1.32%, and the ChiNext Index surged by 2.56% [1] Sector Performance - Key sectors showing significant gains included semiconductors, CPO, computing power, and securities, while oil and gas, dairy, traditional Chinese medicine, and banking sectors faced declines [1] - The current technology sector is characterized by a rotation of leadership among robotics, artificial intelligence, communications, and chips [1] Chip Industry Insights - The chip sector led the market due to catalysts for domestic substitution, particularly highlighted by DeepSeek's announcement regarding the UE8M0 FP8 chip designed for upcoming domestic chips [1] - Following the Nvidia backdoor incident and subsequent restrictions on H20 chip procurement, Nvidia has informed some suppliers to halt production of H20 chips, further emphasizing the trend towards domestic alternatives [1] - Domestic semiconductor manufacturers are expected to significantly benefit from the ongoing development of the AI industry [1] Investment Recommendations - The current bullish market conditions suggest participation through Tianhong's ChiNext ETF Connect (Class A 001592/Class C 001593) and Tianhong's Sci-Tech Innovation Index Enhanced (Class A 023895/Class C 023896) [1]