Qualcomm(US:QCOM) Sou Hu Cai Jing·2025-10-28 02:36Group 1 - The U.S. stock market indices collectively rose, with the Nasdaq increasing by 1.86%, the S&P 500 by 1.23%, and the Dow Jones by 0.71%, reaching new highs [1] - Qualcomm announced the launch of AI200 and AI250 chips featuring neural processing unit (NPU) technology, leading to a significant stock price increase of over 11% [1][4] - The Nasdaq ETF managed by Jiashi reached a new scale of 96.50 billion yuan and a record high of 57.24 billion shares, with a net inflow of 17.19 billion yuan over the past 21 days [4] Group 2 - The Nasdaq ETF Jiashi has seen a 29.58% increase in net value over the past six months, with the highest single-month return recorded at 9.67% since its inception [4] - The AI wave is driving a surge in demand for computing power, with significant increases expected in the value of servers, AI chips, optical chips, storage, and PCB boards [4] - The supply-demand imbalance is expected to worsen, with the required wafer quantity for high-bandwidth memory (HBM) being approximately three times that of standard DRAM, leading to increased construction costs and longer production cycles [4]