Ge Long Hui A P P·2025-09-12 03:34Core Viewpoint - The chip sector is experiencing a significant rally, driven by domestic companies like Chipone and the increasing investment in AI infrastructure and local chip production by major tech firms such as Alibaba and Baidu [1][2] Group 1: Market Performance - The chip sector saw a broad increase, with Chipone's stock hitting a 20% limit up, marking a new high, while Yuntian Lifei and Cambricon rose by 3.65% and 1.75% respectively [1] - The Science and Technology Innovation Artificial Intelligence ETF (588730) rose by 2.23%, achieving a cumulative increase of 51% this year [1] Group 2: Company Developments - Alibaba and Baidu have begun using self-designed chips for training their AI models, partially replacing chips produced by NVIDIA [1] - Chipone announced that from July 1 to September 11, it signed new orders worth 1.205 billion yuan, a historical high, with approximately 64% of these orders related to AI computing power [1] Group 3: Investment Trends - In Q2 2025, Alibaba, Baidu, and Tencent are projected to invest a total of 61.6 billion yuan in capital expenditures, a year-on-year increase of 168%, primarily for AI infrastructure and domestic chip procurement [1] - China aims to triple its AI chip production by 2026 to reduce reliance on overseas GPUs [1] Group 4: ETF Growth - The Science and Technology Innovation Artificial Intelligence ETF has seen a significant inflow of funds, with its share increasing by 1.014 billion units this year, a staggering 738% year-on-year growth, bringing its total size to 1.703 billion yuan [2]