Cambricon(SH:688256) Xin Lang Ji Jin·2025-08-29 03:04Core Viewpoint - The domestic AI sector experienced a significant adjustment on August 29, with major stocks like Qihoo 360, Hengxuan Technology, and Cambricon Technologies seeing declines, while the Sci-Tech Innovation Artificial Intelligence ETF (589520) also faced a slight drop despite recent inflows indicating strong investor interest [1][3]. Group 1: Market Performance - The Sci-Tech Innovation Artificial Intelligence ETF (589520) saw a trading volume exceeding 52 million yuan, indicating active trading despite a 1.23% decline [1]. - Over the past five days, the ETF attracted a total of 155 million yuan, and in the last 60 days, it has accumulated over 260 million yuan, with a net inflow rate of 110% [1][3]. Group 2: Reasons for Adjustment - The primary reason for the market adjustment is the risk warning issued by Cambricon Technologies, which is a major weight stock in the index, leading to a decline in its share price and dragging down the overall index performance [3]. - Additionally, after a series of gains, profit-taking by investors contributed to the downward pressure on the market [3]. Group 3: Future Outlook - Analysts suggest that the AI sector, particularly in the context of the current bull market, is likely to continue being a leading segment, with strong growth potential as it serves as a productivity tool across various industries [3]. - The current valuations in the Sci-Tech Innovation Board and the Growth Enterprise Market may still have room for improvement, especially as some sectors are expected to rapidly grow and absorb high valuations [3]. Group 4: Company Performance - As of August 27, 17 out of 30 component stocks in the Sci-Tech Innovation Artificial Intelligence Index have reported their semi-annual results, with 14 showing positive net profit growth [4]. - Cambricon Technologies reported a staggering revenue of 2.881 billion yuan for the first half of 2025, marking a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, indicating a turnaround from losses [4][5]. - Other notable performers include Orbbec and Hengxuan Technology, with net profit growth rates exceeding 212% and 106%, respectively [4][5]. Group 5: Investment Highlights - The Sci-Tech Innovation Artificial Intelligence ETF (589520) is highlighted for its potential due to policy support and the growing importance of AI in various sectors, with a focus on domestic AI industry chain [6]. - The ETF offers a low-threshold investment opportunity with a high degree of flexibility, as it is designed to capture the growth of the semiconductor sector, which constitutes nearly half of its holdings [6][7].