云计算50ETF（516630）小幅下跌，算力板块短期调整，但高景气有望持续

Core Viewpoint - The A-share market experienced a slight decline, with major indices such as the Value Index, Sci-Tech 100, and ChiNext Index leading the drop, while sectors like oil and banking showed gains. The AI industry is expected to thrive due to domestic substitution policies and technological advancements, with a focus on the AI industry chain including chips, servers, and applications [1][2]. Group 1: Market Performance - A-share indices fell slightly, with the Value Index, Sci-Tech 100, and ChiNext Index among the worst performers [1] - Sectors such as non-ferrous metals, electric equipment, and defense led the decline, while oil, petrochemicals, and banking sectors saw gains [1] - The cloud computing 50 ETF (516630) experienced a minor drop, with key holdings like Tax Friend Co., Deep Technology, and others declining [1] Group 2: AI Industry Insights - Major AI companies like Nvidia, OpenAI, Google, and Alibaba are investing in data centers, indicating a robust growth trajectory for the AI industry [1] - The Ministry of Industry and Information Technology announced a special action for "millisecond computing" on October 16, 2025, further supporting the AI sector [1] - First Shanghai highlights the high growth potential of AI-driven computing demand, with a breakthrough expected in domestic computing capacity by 2026 [2] Group 3: Investment Recommendations - Investors are advised to select high-quality stocks with strong performance capabilities as the third-quarter reports approach, while being mindful of short-term volatility risks due to capital expenditure changes and technological shifts [2] - The cloud computing 50 ETF (516630) tracks an index with a high AI computing content, covering popular concepts like optical modules, computing leasing, and AI servers [2] - The ongoing US-China tensions do not alter the positive trend in the AI industry, suggesting a focus on core companies within the domestic computing industry chain [2]