Amlogic(SH:688099) Mei Ri Jing Ji Xin Wen·2025-11-18 03:01Group 1 - The A-share market opened lower on November 18, with the three major indices declining collectively. The Kexin 50 ETF (588000) experienced a peak increase of 0.98% during the morning session, driven by semiconductor stocks, with significant gains from companies like Jingchen Co. (over 8% increase) and others like Zhongwei and Hanwha Microelectronics (over 3% increase) [1] - The Kexin 50 ETF (588000) has seen substantial capital inflow recently, with a net inflow of over 666.5 million in the last three days and over 2.143 billion in the last five days. The trading volume for the ETF exceeded 1.134 billion [1] - Semiconductor company SMIC reported a significant demand for various storage products, including NOR/NAND Flash and MCU, indicating a supply shortage in the storage industry that is expected to maintain high price levels [1] Group 2 - Changjiang Securities forecasts that the current storage cycle is being driven by increasing demand from AI, transitioning from a supply-controlled price cycle to a demand-driven industrial cycle. By 2026, the storage market is expected to see strong demand from AI, with manufacturers focusing more on server products, potentially reducing supply for consumer-grade products [2] - The Kexin 50 ETF (588000) tracks the Kexin 50 Index, with 69.3% of its holdings in the electronics sector and 5.17% in the computer sector, totaling 74.47%. This aligns well with the development of cutting-edge industries such as AI and robotics. The ETF also covers various high-tech sectors, including medical devices, software development, and photovoltaic equipment, indicating a strong long-term outlook for China's hard technology sector [2]