同类规模第一的科创AIETF(588790)近一周规模、份额实现显著增长，AI推理范式变化带来算力需求增长

Core Viewpoint - The AI sector is experiencing significant fluctuations, with the Shanghai Stock Exchange's Sci-Tech Innovation Board AI Index showing a decline, while certain stocks within the index demonstrate mixed performance [3][4]. Group 1: Market Performance - As of September 2, 2025, the Sci-Tech Innovation Board AI Index (950180) decreased by 3.26%, with stocks like Lingyun Optics (688400) rising by 4.63% and Lexin Technology (688018) falling by 9.79% [3]. - The Sci-Tech AI ETF (588790) also saw a decline of 3.41%, with a latest price of 0.82 yuan, although it had a cumulative increase of 4.67% over the past week [3]. Group 2: Token Demand and Capital Expenditure - Global AI computing power demand is on the rise, with Google's token count doubling from May to July 2025, reaching 960 trillion tokens monthly, and domestic daily average token volume increasing over 300 times compared to early 2024 [4]. - Capital expenditures from overseas cloud providers are showing rapid growth, indicating optimistic future expectations for AI computing power demand [4]. Group 3: Fund Performance and Flows - The Sci-Tech AI ETF experienced a net outflow of 99.59 million yuan recently, but over the past five trading days, it had three days of net inflow totaling 1.209 billion yuan, averaging 242 million yuan per day [5]. - The ETF's net value increased by 34.93% over the past six months, ranking 432 out of 3566 index equity funds, placing it in the top 12.11% [5]. Group 4: Fund Characteristics - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, which are relatively low compared to comparable funds [6]. - The ETF closely tracks the Sci-Tech Innovation Board AI Index, which includes 30 large-cap stocks that provide foundational resources, technology, and application support for the AI sector [6]. Group 5: Top Holdings - As of August 29, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board AI Index account for 71.66% of the index, including companies like Cambricon (688256) and Lanqi Technology (688008) [7].