Cambricon(SH:688256) Xin Lang Ji Jin·2025-09-04 05:51Core Viewpoint - The technology sector, particularly the domestic AI industry chain, is experiencing a pullback, with the Sci-Tech Innovation Artificial Intelligence ETF (589520) seeing a nearly 5% drop in price, despite significant capital inflow over recent weeks [1][3]. Group 1: Market Performance - The Sci-Tech Innovation Artificial Intelligence ETF (589520) has seen a cumulative increase of 58.60% since its recent low on April 8, outperforming other indices such as the Sci-Tech 50 (41.37%) and the Sci-Tech Composite Index (50.51%) [3][4]. - In the last five days, the ETF attracted 73.78 million yuan, and over the past 60 days, it has garnered 286 million yuan [1]. Group 2: Component Stocks - Among the ETF's component stocks, Qi Anxin and New Point Software showed gains, while 28 other stocks declined, with notable drops in stocks like Cambrian (over 13%) and Lingyun Light (over 13%) [1]. - Cambrian, as a leading AI chip company, has seen its weight in the Sci-Tech 50 index exceed 15%, raising concerns about potential sell-offs due to index adjustments [5]. Group 3: Future Outlook - Analysts suggest that the current rally in the semiconductor sector is a response to overseas market trends, with significant opportunities expected towards the end of the year and into next year as AI applications develop [5][6]. - The domestic AI sector is anticipated to continue growing, with projections indicating a doubling of market capacity by 2025 due to increasing demand for domestic computing power [6]. Group 4: Investment Highlights - The Sci-Tech Innovation Artificial Intelligence ETF (589520) is positioned to benefit from policy support and the trend of domestic substitution in technology, making it an attractive investment option [7]. - The ETF's structure allows for lower entry barriers and higher efficiency during market surges, with a significant concentration in semiconductor stocks [7][8].