软件ETF（515230）涨超1.9%，技术迭代与行业增长成焦点

Core Insights - The competition in the global large model sector is intensifying, driven by the iterative advancements of leading AI model manufacturers, which is expected to accelerate technological innovation and application deployment [1] - Domestic open-source models, such as Deepseek, Tongyi Qianwen, and Kimi, are narrowing the performance gap with top international closed-source models, potentially gaining a competitive edge due to higher cost-effectiveness [1] - The capital expenditure of overseas cloud computing firms is experiencing rapid growth, supporting a high level of industry prosperity [1] Industry Performance - In the first ten months of 2025, China's software industry revenue grew by 13.2% year-on-year, with information technology service revenue increasing by 14.4% and cloud computing and big data service revenue rising by 13.4%, indicating a robust growth trend in the industry [1] - The AI application sector is poised for growth driven by both technological implementation and demand in various scenarios [1] Software ETF - The Software ETF (515230) tracks the software index (H30202), focusing on software development and related services, with constituent stocks covering operating systems, application software, and cybersecurity, reflecting the overall performance of publicly listed companies in the software industry [1]