20cm速递｜科创创业ETF（588360）盘中涨超1.3%，科技有望继续打开估值上限

Group 1 - The core viewpoint is that the Science and Technology Innovation 50 Index is expected to continue unlocking valuation limits under the Kondratiev wave cycle, with policies focusing on critical industries and future industrial high points [1] - From the industry perspective, growth on the supply side is stable and sustainable, while attention is needed on the commercialization of the ToB (business-to-business) side [1] - In terms of capital expenditure, sectors such as semiconductors, optical components, PCBs, and integrated circuits possess allocation value [1] Group 2 - The mid-term key factor is whether AI can become the core driver of the new Kondratiev wave cycle, with China's advantage lying in its mature manufacturing system that provides rich application scenarios [1] - The Science and Technology Innovation ETF (588360) tracks the Science and Technology Innovation 50 Index (931643), which has a daily fluctuation of 20% and selects 50 emerging industry stocks with larger market capitalization and better liquidity from the Science and Technology Innovation Board and the Growth Enterprise Market [1] - The index covers high-tech fields such as semiconductors, new energy, and biomedicine, with a balanced industry distribution focusing on information technology, industrial sectors, and healthcare [1]