Nvidia(US:NVDA) Xin Lang Ji Jin·2025-10-28 02:24Group 1: AI Industry Developments - The domestic AI industry chain is experiencing strong performance, with the AI ETF (589520) showing a 0.32% intraday high and currently up 0.16%, indicating strong buying interest [1] - Key stocks in the ETF include Kingsoft Office, which rose over 6%, and other companies like Hehe Information, Star Ring Technology, and Foxit Software, which saw gains exceeding 4% [1] - The stock price of Cambricon has surpassed 1510 yuan, making it the new "king of A-shares" after exceeding the price of Kweichow Moutai [1] Group 2: Competitive Landscape - Qualcomm has launched AI chips, intensifying competition with Nvidia in the data center market, highlighting the increasing demand for AI chip resources among tech giants [3] - Chinese tech companies are more urgently seeking to reduce reliance on external computing power, with the domestic AI chip market expected to grow and optimize further [3] - The capital expenditure from major overseas companies, including Nvidia's $100 billion investment in OpenAI, indicates a complex capital cycle forming a closed loop in the computing power industry [3] Group 3: Policy and Strategic Focus - Recent high-level meetings have emphasized the importance of technological self-reliance, with plans to recreate a high-tech industry in China over the next decade [4] - The National Development and Reform Commission has highlighted the need for efficient supply of computing power, algorithms, and data as part of the AI+ initiative [4] - The focus on high-quality development and technological independence is seen as crucial in the context of the ongoing US-China competition [4] Group 4: Investment Highlights - The AI ETF (589520) and its connected funds are positioned to benefit from policy support and the rapid development of AI technologies, with a focus on companies leading in specific segments [5] - The ETF offers a low-threshold investment opportunity with a 20% price fluctuation limit, enhancing efficiency during market surges [5] - Since its low point on April 8, the AI ETF has increased by 66.71%, outperforming other indices like the Sci-Tech Innovation Board Index and the Sci-Tech 50 Index [6]