Nvidia(US:NVDA) Sou Hu Cai Jing·2025-11-24 06:31Core Viewpoint - The recent IPO of Moer Thread has significantly boosted the semiconductor equipment and materials sector, reflecting strong market confidence in domestic high-tech enterprises and the potential for upstream demand growth [2][3]. Group 1: Market Reaction - The semiconductor equipment ETF (561980) surged by 1.78%, with major constituents like Shengong Co. rising by 8.50%, and others such as North Huachuang and Tianyue Advanced increasing by over 5% [1]. - The IPO price of Moer Thread is set at 114.28 yuan per share, making it one of the most expensive new stocks this year, and it is being compared to "China's version of Nvidia" [1]. Group 2: Factors Driving the Sector - Moer Thread's IPO achieved the fastest approval time in 88 days this year, showcasing strong support from the capital market for hard-tech companies, which has enhanced confidence in the semiconductor sector, particularly in critical upstream areas [2]. - The establishment of a domestic computing power cluster, with Moer Thread's listing being part of a broader trend that includes other domestic chip companies like Muxi and Suiyuan, is expected to drive demand for upstream semiconductor equipment and materials [2]. Group 3: Investment Opportunities - The semiconductor equipment ETF (561980) tracks the CSI Semiconductor Index, with approximately 72% of its composition in semiconductor equipment and materials, indicating a high concentration in this sector [2]. - The ETF has attracted 377 million yuan in inflows over the past seven trading days, with its fund size increasing by 108.8% this year, suggesting strong investor interest [2].