Mei Ri Jing Ji Xin Wen·2025-12-02 03:23Group 1 - The A-share market opened lower on December 2, with the Kweichow Moutai ETF (588000) slightly down by 0.78% in early trading. Notable stocks included Transsion Holdings, which rose by 4.46%, and Shengyi Technology and Baiwei Storage, both up over 2% [1] - The Kweichow Moutai ETF (588000) has seen significant capital inflow recently, with a net inflow of 950 million over the past ten days and 1.361 billion over the past twenty days. The trading volume reached 761 million [1] - Morgan Stanley reported that the uncertainty surrounding Google's self-developed AI chip TPU supply chain is dissipating, with expectations for explosive growth in production over the next two years. The forecast for TPU production in 2027 has been raised from approximately 3 million units to about 5 million units, an increase of around 67% [1] Group 2 - According to Zhongtai Securities, Google is strengthening its AI moat through a technology closed loop involving TPU, OCS, and Gemini, with ongoing capital expenditure growth. The increase in TPU shipments and OCS penetration rates is expected to benefit companies like Zhongji Xuchuang and Xinyi Sheng in the optical module sector [2] - The Kweichow Moutai ETF (588000) tracks the Kweichow Moutai 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 artificial intelligence and robotics [2] - The ETF also covers multiple sub-sectors, including semiconductors, medical devices, software development, and photovoltaic equipment, indicating a high level of hard technology content. Investors optimistic about the long-term development prospects of China's hard technology are encouraged to continue monitoring [2]