BABA(US:BABA) Sou Hu Cai Jing·2025-09-12 03:35Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board 100 Index (000698) increased by 0.68%, with notable gains from constituent stocks such as Dongxin Co., Ltd. (688110) up 9.37%, Shengke Communication (688702) up 8.53%, and others [1] - Alibaba and Baidu have begun using internally designed chips to train their AI models, replacing some NVIDIA chips, indicating a shift towards domestic chip production [1] - Dongwu Securities suggests that the recent market surge is not the end of the "domestic computing power" trend, but rather a period of consolidation to prepare for healthier future growth [1] Group 2 - The Huaxia Sci-Tech 100 ETF (588800) closely tracks the Sci-Tech 100 Index, focusing on high-growth sectors such as semiconductors, pharmaceuticals, and new energy [2] - Recent positive developments in the industry include significant GPU orders from major internet companies and active capital operations, such as Cambrian's fundraising approval and Haiguang's acquisition of Dawn [1] - Alibaba's strategic initiatives in AI, including the launch of the Qwen Max Preview model and partnerships with Honor, reflect a strong commitment to advancing its AI ecosystem [1]