国产GPU“独角兽”沐曦股份IPO，AI芯片替代加速

Group 1 - The core viewpoint of the news highlights the performance of the ChiNext 50 ETF (588000), which experienced fluctuations with a maximum decline of over 1.22% in early trading on December 1. Notably, stocks such as Shengyi Electronics and Hu Silicon Industry rose over 3%, while JinkoSolar, Transsion Holdings, and Teabo Bio rose over 2%. The trading volume reached 1.011 billion yuan [1] - The upcoming IPO of domestic GPU "unicorn" Muxi Co., Ltd. on December 5 aims to raise 3.904 billion yuan for the development and industrialization of new high-performance general-purpose GPUs. This event is seen as a significant step for domestic high-end chips in terms of capital and marketization [1] - Guotai Junan believes that Muxi Co., Ltd. and Moore Threads are adhering to advanced process and domestic technology paths, which may enhance upstream domestic supply chain core technology advancements. The continuous iteration of advanced process technology in China is expected to lead to a gradual shift of AI chips towards domestic wafer foundries, with full domestic production in packaging and testing [1] Group 2 - The ChiNext 50 ETF (588000) tracks the ChiNext 50 Index, with 69.3% of its holdings in the electronics sector and 5.17% in the computer sector, totaling 74.47%. This aligns closely with the development directions of cutting-edge industries such as artificial intelligence and robotics [2] - The ETF also covers multiple sub-sectors, including semiconductors, medical devices, software development, and photovoltaic equipment, indicating a high content of hard technology. Investors optimistic about the long-term development prospects of China's hard technology are encouraged to continue monitoring this sector [2]