AI算力缺电已成共识，电网设备ETF（159326）中长期逻辑坚实，关注短期回调布局机会

Core Viewpoint - The recent pullback in the A-share market, particularly in the electric grid equipment sector, presents a potential investment opportunity despite a temporary decline in the electric grid equipment ETF (159326) [1] Group 1: Market Performance - The electric grid equipment ETF (159326) experienced a decline of 1.29% with a trading volume of 76.03 million yuan as of 10:11 AM [1] - The ETF has seen a maximum drawdown of over 8% in the last 7 trading days, indicating a phase of adjustment [1] Group 2: Industry Dynamics - Microsoft has identified a "global electricity supply crisis" as a bottleneck for the AI industry's development, transforming electric grid equipment from traditional infrastructure to a core asset of the digital economy [1] - The demand for AI computing power and the necessity for grid upgrades provide strong support for the long-term development of the electric grid equipment sector [1] Group 3: Policy and Future Outlook - According to a report by CITIC Securities, the "14th Five-Year Plan" emphasizes the importance of a new energy system, focusing on long-term development priorities such as consumption, resilience, and electrification in power system construction [1] - The report suggests that policies are reinforcing medium to long-term opportunities in ultra-high voltage, flexible direct current transmission, and smart grid sectors [1] - In the short term, the demand for transmission and transformation equipment is expected to resonate positively, with structural demand continuing to emerge, indicating a potential turnaround in the ultra-high voltage and smart grid segments [1]