Cambricon(SH:688256) Ge Long Hui·2025-10-22 06:11Core Viewpoint - The computing chip sector is experiencing a strong rebound, with significant gains in stocks like Cambricon, which rose over 4%, pushing its market capitalization back above 600 billion [1] Group 1: Market Performance - The Sci-Tech Innovation Artificial Intelligence ETF (588730) has turned positive, tracking the Shanghai Stock Exchange's Sci-Tech Innovation Board AI Index, which covers various segments of the AI industry [1] - The digital chip design sector holds a weight of 52.6% in the ETF, with the top three weighted stocks being Lattice Semiconductor (12.56%), Chipone Technology (10.61%), and Cambricon [1] Group 2: Policy and Future Outlook - On October 21, the Ministry of Industry and Information Technology publicly solicited opinions on the "Guidelines for the Construction of Computing Power Standard System (2025 Edition)," which outlines goals for 2027 related to general computing, infrastructure, and device integration [1] - Goldman Sachs predicts that the Chinese stock market will enter a more sustained upward phase, with key indices expected to rise by approximately 30% by the end of 2027, driven by a 12% growth in earnings trends and a 5%-10% potential for further revaluation [1] Group 3: Investment Drivers - Analysts highlight that the reasons for a sustained bull market include a combination of demand-side stimulation and the new five-year plan, which aids in growth rebalancing and internal risk mitigation [1] - The impact of artificial intelligence is reshaping profit structures, with AI capital expenditures positively affecting profits [1]