软件ETF（515230）涨超0.6%，技术迭代与商业化落地成行业焦点

Core Insights - The competition in the global large model field is intensifying, with domestic and international leading model manufacturers continuously iterating their AI large model products, accelerating 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 advantage due to higher cost-effectiveness [1] - The capital expenditure of overseas cloud computing companies is maintaining rapid growth, supporting a high level of industry prosperity [1] - Large model manufacturers are accelerating the innovation of C-end applications and market penetration, exemplified by Alibaba's Qianwen APP, which aims to create a future AI lifestyle entry point [1] - From January to October 2025, China's software industry revenue grew by 13.2% year-on-year, with total profits increasing by 7.7%. Specifically, information technology service revenue rose by 14.4%, and cloud computing and big data service revenue increased by 13.4%, indicating sustained high industry prosperity [1] Industry Overview - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in software development, sales, and services, covering representative enterprises in operating systems, application software, and cybersecurity [1] - The index reflects the overall performance of listed companies in the software industry, showcasing significant growth potential and a technology-driven nature, effectively representing market trends and development dynamics in the software sector [1]