Nvidia(US:NVDA) Xin Lang Cai Jing·2025-09-25 03:33Group 1 - The Dachen AI ETF (159242) experienced a strong morning session on September 25, 2025, with a rise of over 3%, aiming for a five-day winning streak [1] - The underlying index, the ChiNext AI Index (970070), surged by 2.67%, with notable gains from constituent stocks such as Kunlun Wanwei (up 10.59%) and Runze Technology (up 5.83%) [1] - The ChiNext AI Index focuses on the engineering and industrialization of AI, covering foundational technologies like optical modules, computing chips, edge computing, and operating systems, distinguishing itself from other tech-focused indices [1] Group 2 - At the 2025 Yunqi Conference on September 24, Alibaba Cloud and NVIDIA announced a collaboration in the Physical AI sector, integrating NVIDIA's software stack into Alibaba's AI platform [2] - Alibaba is actively advancing a 380 billion yuan AI infrastructure initiative, with plans for further investment, anticipating a tenfold increase in energy consumption of its global data centers by 2032 [2] - According to the China Academy of Information and Communications Technology, the AI industry in China is projected to exceed 900 billion yuan in 2024, with a year-on-year growth of 24% [2] Group 3 - CMB International noted that the Yunqi Conference highlighted the growing demand in China's AI and cloud sectors, with trends indicating improved model capabilities, optimized infrastructure, and a flourishing application ecosystem [3] - The firm maintains a positive outlook on Alibaba Cloud's revenue growth, expecting a continuous acceleration in quarterly growth rates [3]