Ingenic(SZ:300223) Xin Lang Ji Jin·2025-11-10 02:53Core Insights - The AI sector continues to experience a pullback, with the ChiNext AI index dropping over 2%, particularly affecting companies heavily invested in optical modules and computing hardware [1] - Despite the downturn, storage chip leader Beijing Junzheng saw a surge of over 10%, indicating a divergence in performance within the sector [1] - The first ChiNext AI ETF (159363) faced a decline of over 2%, with a trading volume exceeding 350 million CNY, reflecting ongoing market volatility [1] Market Performance - Major optical module companies like Xinyisheng and Zhongji Xuchuang experienced declines of over 5% and 4% respectively, while Tianfu Communication fell by over 2% [1] - In contrast, companies involved in AI applications, such as BlueFocus and Zhongwen Online, saw increases of over 4% [1] - The ChiNext AI ETF reported a net subscription of 34.6 million shares despite its price drop, indicating continued investor interest [1] Storage Chip Market - SanDisk, a leading flash memory company, announced a significant price increase of up to 50% for NAND flash contracts, driven by tight supply conditions due to surging demand from AI data centers and wafer supply constraints [2] - This marks SanDisk's third price hike in 2023, following earlier increases of 10% in April and September, which prompted other major players like Micron to follow suit [2] Future Outlook - Tianfeng Securities remains optimistic about the computing power industry, suggesting that 2025 could be a pivotal year for AI infrastructure and applications in China [3] - The firm encourages ongoing monitoring of AI industry dynamics and investment opportunities [3] - The first ChiNext AI ETF (159363) is highlighted as a key investment vehicle, with over 54% of its holdings in optical module leaders, and a significant portion allocated to AI applications [4] Investment Trends - The ChiNext AI ETF has a total scale exceeding 3.5 billion CNY, with an average daily trading volume of over 700 million CNY, positioning it as a leader among similar ETFs tracking the ChiNext AI index [4] - The ETF's strategy focuses on capturing AI thematic trends, with over 70% of its portfolio allocated to computing power and more than 20% to AI applications [4]