Cambricon(SH:688256) Ge Long Hui·2025-09-30 07:39Core Insights - The semiconductor and AI sectors are experiencing significant growth, with the Sci-Tech Innovation AI ETF rising by 3.14% and reaching a historical net asset value high, driven by strong performances from key stocks like Cambrian and Lattice Power [1] Group 1: Market Performance - On the last trading day before the holiday, the chip and AI sectors led the market, with Lattice Technology increasing over 7% [1] - The Sci-Tech Innovation AI ETF, which tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, has a semiconductor weight of 54.1%, with top three holdings being Cambrian (16.62%), Lattice Technology (10%), and Chip Original [1] Group 2: Fund Inflows - There has been a significant inflow of funds into the Sci-Tech Innovation AI ETF, with a net inflow of 114 million yuan over the past five days, bringing the total fund size to 1.747 billion yuan [1] Group 3: Industry Developments - DeepSeek announced updates to its official app and services, significantly reducing API costs by over 50%, which is expected to enhance developer engagement [1] - Several domestic chip manufacturers have completed adaptations for DeepSeek-V3.2-Exp, with Cambrian announcing the synchronization of its latest model and the open-sourcing of its large model inference engine [2] - Tencent has launched and open-sourced its native multimodal image generation model, HunyuanImage 3.0, which has a parameter scale of 80 billion, marking a significant advancement in the industry [2] - Huaxin Securities has expressed optimism about the domestic AI chip industry, highlighting the complete integration of the AI industry chain from advanced processes to model acceleration by major companies like ByteDance, Alibaba, and Tencent [2]