BABA(US:BABA) Ge Long Hui·2025-09-12 10:29Market Performance - A-shares experienced a dramatic rebound this week, with trading volume exceeding 2 trillion yuan on Thursday, driven by Oracle's significant orders, leading to a surge in AI-related stocks [1] - The semiconductor sector saw a notable increase, with Chip Origin Co. hitting a 20% limit up, contributing to the Shanghai Composite Index reaching a new high not seen in over 10 years [1] - The Shanghai Composite Index closed at 3870.6 points, down 0.12% on the day but up 1.52% for the week, while the Shenzhen Component Index rose 2.65% for the week [1][3] ETF Performance - The top-performing ETF this week was the Sci-Tech Chip ETF, which rose 8.56%, bringing its year-to-date increase to 48.98% [14] - The A500 ETF (512050) increased by 1.97% this week, outperforming its benchmark index, the CSI A500, which rose 17.86% year-to-date [5][7] - The A500 index has become the most favored broad-based index among insurance funds, with holdings increasing from 325.6 million shares to 454.8 million shares in the first half of the year [9][11] Sector Insights - The semiconductor equipment sector reported a 29% year-on-year revenue growth to 22.4 billion yuan in Q2 2025, indicating strong growth trends in domestic semiconductor equipment [16] - Companies like Alibaba and Baidu are increasingly using self-designed chips for AI model training, reducing reliance on Nvidia's products [20] - The AI sector is driving significant capital expenditures, with major companies investing 61.6 billion yuan in Q2 2025, a 168% increase year-on-year, primarily for AI infrastructure and domestic chip procurement [16][20] Investment Trends - The A500 index has shown superior performance compared to the CSI 300 index since June 23, with a cumulative increase of 20.92% versus 17.56% for the latter [7] - The market is witnessing a rotation among sectors, with significant interest in consumer goods, computing power, robotics, precious metals, and solid-state batteries [1] - The Hong Kong stock market also performed well, with the Hang Seng Technology Index rising over 5% this week [1][18]