Cambricon(SH:688256) Xin Lang Ji Jin·2025-09-30 12:12Core Insights - The launch of the DeepSeek-V3.2-Exp model and the release of the GLM-4.6 model by Zhiyu are significant developments in the domestic AI industry, indicating a strong push towards advanced AI capabilities and integration with domestic chips [3][4] - The performance of the Sci-Tech Innovation Artificial Intelligence ETF (589520) has been robust, with a 3.28% increase on September 30, reaching a new high since its launch, suggesting strong market interest and potential investment opportunities in the domestic AI sector [1][2] Group 1: ETF Performance - The Sci-Tech Innovation Artificial Intelligence ETF (589520) saw a price increase of 3.28% and a trading volume of 76.26 million yuan, indicating a doubling in trading activity compared to previous sessions [1] - The ETF closed with a premium rate of 0.21%, reflecting strong buying interest and potential for further investment [1] - Key constituent stocks such as Aisino and Lexin Technology experienced significant gains, with Aisino leading with over 10% increase [1] Group 2: Industry Developments - The DeepSeek-V3.2-Exp model, utilizing Sparse Attention mechanisms, aims to reduce training and inference costs significantly, showcasing advancements in AI model efficiency [3] - The GLM-4.6 model, claimed to be the strongest coding model in China, has been successfully deployed on domestic AI chips, marking a milestone in the integration of AI software and hardware [3] - Analysts from Guotai Junan Securities and Huaxin Securities express optimism about the acceleration of the domestic AI industry, driven by the synergy between domestic AI models and chips [3][4] Group 3: Market Trends - The rapid development of China's chip manufacturing capabilities is highlighted, with Nvidia's founder noting that China is only "a few nanoseconds" behind the US in this field [4] - The urgency for domestic alternatives in computing power is increasing due to US restrictions on advanced chip exports to China, suggesting a favorable environment for domestic AI and chip companies [4] - The ETF's focus on the domestic AI industry chain is seen as a strategic move to capitalize on the growing importance of information and industrial security in the context of technological friction [5]