逆市大涨3%！科创人工智能ETF领跑全市场！589520量价突破上市新高！寒武纪股价一度超越茅台

Core Viewpoint - The AI industry chain is experiencing significant growth, particularly in the domestic AI sector, driven by the dual investment logic of domestic substitution and the rapid development of edge AI [1][5]. Market Performance - The Science and Technology Innovation Artificial Intelligence ETF (589520) saw a price increase of over 7.8% during intraday trading and closed with a gain of 3.02%, achieving a record trading volume of 1.12 billion yuan [1]. - Since the low point on April 8, the ETF has accumulated a rise of 60.50%, outperforming other indices such as the Science and Technology 50 (37.7%) and the Science and Technology Comprehensive Index (48.92%) [3][4]. Key Stocks - Major stocks within the ETF include: - Cambrian (寒武纪) with a price increase of 10%, reaching a new high of 1464.98 yuan, surpassing Kweichow Moutai to become the new stock king in A-shares [1]. - Other notable performers include: - Lexin Technology (乐鑫科技) with a 20% limit up, - Yuntian Lifei (云天励飞) up over 13%, - Jingchen Technology (晶晨股份) up over 5% [1]. Financial Performance - As of August 27, 17 out of 30 constituent stocks of the Science and Technology Innovation Artificial Intelligence Index have reported their semi-annual results, with 14 showing positive net profit growth [5]. - Cambrian reported a revenue of 2.881 billion yuan for the first half of 2025, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, marking a turnaround from losses [5][6]. Policy Environment - The State Council has issued a significant document to implement the "Artificial Intelligence +" initiative, indicating a focus on industrialization and the synergy of domestic AI software and hardware [5]. - The urgency and importance of domestic computing power substitution are expected to increase, with projections indicating a doubling of market capacity by 2025 due to rising domestic demand [6]. Investment Characteristics - The ETF has a high elasticity feature with a 20% price fluctuation limit, and the top ten holdings account for nearly 70% of the fund's assets, with the semiconductor sector representing nearly half of the weight [7][8].