Mei Ri Jing Ji Xin Wen·2025-11-25 06:06Core Viewpoint - The gaming sector is experiencing a strong rebound, with the gaming ETF (159869) rising nearly 5%, and all constituent stocks showing positive performance, indicating a robust recovery in the industry [1] Group 1: Market Performance - The gaming ETF (159869) has seen a trading volume approaching 1.35 billion yuan, reflecting active trading [1] - As of November 24, the product scale of the gaming ETF reached 11.16 billion yuan, facilitating investors' access to leading A-share gaming companies [1] Group 2: Industry Outlook - Longcheng Securities believes that the continuous upgrade of multimodal large model capabilities is expected to accelerate the commercialization of AI, particularly in gaming [1] - Guoyuan Securities is optimistic about themes such as AI applications and cultural exports, with a focus on the gaming sub-sector [1] - Pacific Securities anticipates that improvements in multimodal generation capabilities will lead to accelerated growth in AI applications within the gaming sector [1] Group 3: Financial Trends - The gaming industry's revenue and profit growth rates have shown a consistent upward trend on a year-over-year basis [1] - Guojin Securities notes that the acceleration of profit release in the gaming industry is driven by increasing consumer demand and the continuous release of blockbuster new products, suggesting potential for future valuation adjustments [1] Group 4: Investment Opportunities - The gaming sector is catalyzed by multiple factors including AI, content, and changes in commercialization models, presenting investment opportunities in the gaming ETF (159869), which tracks the CSI Animation and Gaming Index [1]