算力硬件强势领涨，资金抢筹低费率创业板人工智能ETF华夏（159381）

Group 1 - The AI computing industry chain is strengthening, with active concepts including Moore Threads, GPUs, optical chips, and optical module CPOs [1] - The lowest fee artificial intelligence ETF in the ChiNext market, Huaxia (159381), rose by 0.96%, with leading stocks such as Tianfu Communication, Jingjia Micro, Changxin Bochuang, and Tongniu Information [1] - There is a strong enthusiasm for funding in the AI core track, with Huaxia ETF accumulating 97.6 million yuan in the last 5 days, 129 million yuan in the last 10 days, and 169 million yuan in the last 20 days [1] Group 2 - Deutsche Bank's report states that investment in AI mega-cap companies is central to U.S. growth and stock market performance, as well as a key driver of demand in Asia [1] - The report highlights that rising dynamic random-access memory prices, stronger order conditions from major tech manufacturers, and accelerated exports from tech-intensive economies like Singapore and Malaysia indicate that this narrative will remain supportive in the coming quarters, despite potential volatility [1] - The ultimate winners and losers in the AI sector may not be clear until after 2026 [1] Group 3 - HSBC emphasizes that 74% of companies are achieving positive returns from generative AI, contradicting previous claims that 95% of companies did not receive any investment returns [2] - The analysis by HSBC suggests that the widely cited MIT NANDA report from July was based on insufficient data and exaggerated concerns about an AI bubble [2] - The ongoing research by Wharton School and GBK is providing more reliable evidence that AI investments are delivering tangible productivity and performance improvements for many businesses [2]