阿里发布128卡超节点，科创半导体ETF（588170）有望收得六连阳

Core Viewpoint - The semiconductor materials and equipment sector is experiencing strong growth, driven by advancements in AI technology and increasing demand for computing power, as highlighted by the recent performance of the STAR Market Semiconductor Materials and Equipment Index and the launch of new AI server technology by Alibaba Cloud [1][2]. Group 1: Market Performance - As of September 29, 2025, the STAR Market Semiconductor Materials and Equipment Index rose by 1.31%, with notable increases in constituent stocks such as Shengmei Shanghai (+7.88%), Jingyi Equipment (+5.50%), and Zhongwei Company (+3.79%) [1]. - The STAR Semiconductor ETF (588170) increased by 1.02%, indicating a potential six-day winning streak [1]. Group 2: Industry Developments - Alibaba Cloud introduced the new generation of the Panjiu 128 ultra-node AI server, which supports 128 AI computing chips per cabinet, setting a new industry density record [1]. - Guojin Securities expressed optimism regarding AI computing hardware, particularly following Alibaba's release of the 128-card ultra-node server and the approval of the Moer Thread [1]. Group 3: Investment Outlook - According to招商证券, the industry focus for October will be on sectors with sustained high demand and those experiencing recovery, particularly in AI and humanoid robotics, with expectations of strong growth in semiconductor, computer equipment, software development, automation equipment, and gaming sectors [1]. - The semiconductor equipment and materials industry is identified as a key area for domestic substitution, benefiting from low domestic replacement rates and high ceilings for domestic alternatives, driven by the AI revolution and technological advancements [2].