国产大模型再次进化，关注人工智能ETF(159819)、科创人工智能ETF(588730)等产品投资机会

Group 1 - The core viewpoint of the news highlights a collective pullback in the artificial intelligence (AI) industry chain, with the CSI Artificial Intelligence Theme Index down by 1.4% and the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index down by 1.7% as of 10:55 AM [1] - Despite the market pullback, there was a significant inflow of funds into AI-related ETFs, with the AI ETF (159819) seeing over 20 million units net subscribed during the session [1] - The release of the K2 Thinking model by Moonlight Dark Side demonstrates advanced reasoning and tool-calling capabilities, surpassing overseas models in multiple benchmark tests, which could stimulate demand for training and reasoning clusters in the A-share market [1] Group 2 - Major overseas cloud service providers, including Amazon, Meta, Alphabet, and Microsoft, reported a total capital expenditure of $97.2 billion last quarter, reflecting a 65% year-on-year increase, and are expected to continue increasing investments in AI infrastructure through 2026 [1] - The balanced distribution of the CSI Artificial Intelligence Theme Index covers leading companies across various segments of the AI industry chain, while the SSE Sci-Tech Innovation Board AI Index focuses on larger market cap stocks in the AI sector, particularly in foundational chips and AI applications [2] - The AI ETF (159819) and the Sci-Tech Innovation AI ETF (588730) track the aforementioned indices, providing investors with a streamlined way to invest in leading companies within the AI industry chain [2]