科创半导体ETF（588170）冲击三连涨，机构称上一轮急涨绝不是“国产算力”行情的结束

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index rose by 0.55%, with notable increases in constituent stocks such as Tianyue Advanced (+4.34%), Huafeng Measurement Control (+4.33%), and others [1] - Dongwu Securities suggests that the recent surge is not the end of the "domestic computing power" trend, indicating a period of capital adjustment to prepare for a healthier next phase of growth [1] - There are signs of a "start" in the market, with active news and industry developments, including expectations for GPU orders from major internet companies, which are fostering positive sentiment [1] Group 2 - The Sci-Tech Innovation Board Semiconductor ETF (588170) and its linked funds track the Semiconductor Materials and Equipment Theme Index, encompassing hard tech companies in semiconductor equipment (59%) and materials (25%) [2] - The semiconductor equipment and materials industry is a crucial area for domestic substitution, characterized by low domestic replacement rates and high ceilings for domestic substitution, benefiting from the expansion of semiconductor demand driven by the AI revolution and ongoing technology mergers and acquisitions [2]