3个月最高回报达111% 重仓人工智能 主题基金迎来“别样风景”

Core Viewpoint - The AI sector has experienced a significant turnaround in performance, with funds that previously underperformed now achieving substantial gains as market themes shift from pharmaceuticals to AI [1][2][4]. Group 1: Fund Performance - As of August 24, the top 20 performing equity funds, all from the AI computing sector, reported returns exceeding 70% over the last three months, with the highest return reaching 111% [2]. - Funds that were heavily invested in AI saw a dramatic recovery, with examples like the Xin'ao Performance Driven Fund increasing from a net value of 0.7264 yuan in January to 1.2948 yuan by August 22, marking a 105% increase [3]. - The Caitong Integrated Circuit Industry Fund also rebounded, with its net value rising from 1.5468 yuan in June to 2.8347 yuan by August 22, reflecting a year-to-date return of approximately 44% [3]. Group 2: Market Dynamics - The market has shown clear thematic rotation, with the pharmaceutical sector cooling down and the AI sector gaining momentum, evidenced by a 35% increase in the CSI Artificial Intelligence Index since July 1 [5]. - The AI sector's previous underperformance was attributed to the strong performance of the pharmaceutical sector, which saw significant gains earlier in the year [4]. Group 3: Future Outlook - Analysts suggest that the AI sector's growth will be driven by increasing demand for computing power, particularly as application scenarios accelerate [6]. - Key factors contributing to the strong performance of the computing power sector include higher-than-expected capital expenditure plans from major cloud providers, advancements in AI models, and robust supply chain feedback indicating strong demand [7]. - Investment opportunities are expected to arise in areas such as GPU and ASIC chips, optical modules, and AI servers, as the industry anticipates exponential growth in computing power demand [7].