游戏行业处于技术驱动与政策回暖双重利好阶段，游戏ETF（159869）跌幅持续收窄

Core Insights - The A-share gaming sector is experiencing fluctuations, with the gaming ETF (159869) initially dropping nearly 4% but later narrowing the decline to around 2%, indicating a potential low-position investment opportunity [1] - As of October 29, the gaming ETF (159869) has a product scale of 11.259 billion yuan, facilitating investors' access to leading A-share gaming companies [1] - The release of the first gameplay trailer for the domestic action-adventure game "Changsheng: Baiye Wuming" by Shiyi Games highlights the industry's focus on quality content and innovation [1] Industry Trends - The gaming industry is showing multiple positive signals, benefiting from a new product cycle, as evidenced by the strong demand for quality content, with Bilibili's game "Escape from Duckkov" selling over 1 million copies in its first week [1] - Continuous breakthroughs in AI technology are evident, with collaborations such as the MoGA long video generation model by the University of Science and Technology of China and ByteDance, which supports multi-angle video generation [1] - The launch of the 3D generation model Seed3D1.0 by ByteDance and the $15 billion AI infrastructure project initiated by OpenAI and Oracle further strengthen the industry's innovation capabilities [1] - Overall, the gaming sector is positioned in a dual-benefit phase driven by technological advancements and favorable policy changes [1][2]