“芯光”照亮前路，科技自立自强——算力板块大涨点评

Core Viewpoint - The market experienced a significant rebound, with the Shanghai Composite Index reaching a new high for the year, driven by strong performances in the computing power sector and various ETFs related to technology and artificial intelligence [1][4]. Market Performance - The Shanghai Composite Index rose by 0.71%, the Shenzhen Component Index increased by 2.02%, and the ChiNext Index surged by 3.57% [1]. - The total trading volume in the Shanghai and Shenzhen markets was 1.97 trillion yuan, an increase of 330.3 billion yuan compared to the previous trading day [1]. Sector Analysis - The computing power sector saw substantial gains, with overseas and domestic computing power stocks performing strongly. Key ETFs such as the Communication ETF and the ChiNext Artificial Intelligence ETF rose over 5% [1][2]. - Specific ETFs that performed well include: - Communication ETF: +5.79% - ChiNext Artificial Intelligence ETF: +5.79% - Sci-Tech Chip ETF: +5.60% - Integrated Circuit ETF: +5.44% [2]. Policy and Economic Outlook - The "15th Five-Year Plan" emphasizes high-quality development, technological self-reliance, and the establishment of a modern industrial system focused on the real economy [3]. - The plan aims to accelerate the development of strategic emerging industries such as new energy, aerospace, and quantum technology, potentially creating several trillion-yuan markets [3]. Future Market Trends - The AI sector is expected to undergo a medium-scale industrial revolution, with a focus on the computing power narrative. Anticipated earnings reports from key players and upcoming product launches, such as Google's Gemini3 series, are expected to catalyze market activity [4][5]. - The domestic semiconductor industry is poised for growth, supported by government policies aimed at enhancing technological self-reliance, especially in light of U.S. sanctions [4][5]. Investment Recommendations - The computing power industry is seen as a core driver of the A-share bull market, with recommendations to invest in both overseas and domestic computing power ETFs. Notable ETFs include: - Communication ETF (515880) - ChiNext Artificial Intelligence ETF (159388) - Sci-Tech Chip ETF (589100) - Semiconductor Equipment ETF (159516) [5].