明年芯片或仍是最亮眼板块之一，大摩“首选榜单”：英伟达、博通和Astera Labs位列前三

Group 1 - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index rose by 0.03%, with notable increases in stocks such as Anji Technology (up 2.88%) and Chipone Technology (up 2.44%) [1] - The Sci-Tech Semiconductor ETF (588170) saw a trading volume of 2.82 billion yuan with a turnover rate of 7.65%, indicating strong liquidity [1] - Morgan Stanley's latest report highlights a robust long-term bullish outlook for semiconductor stocks, driven by unprecedented AI infrastructure demand and strong inventory destocking in traditional analog chips and MCUs [1] Group 2 - Guojin Securities emphasizes that semiconductor equipment is foundational to the semiconductor industry chain, with significant growth potential in domestic substitution due to storage expansion and self-sufficiency [2] - According to SEMI data, the domestic semiconductor equipment market is expected to maintain a 33.2% share, remaining the largest single market globally in the first half of 2025 [2] - The domestic semiconductor equipment industry is poised for rapid growth, supported by advancements in AI-driven storage technologies and major domestic storage manufacturers' expansion projects [2] Group 3 - The Semiconductor Materials ETF (562590) and its associated funds focus on the upstream semiconductor sector, with a significant allocation to semiconductor equipment (61%) and materials (21%) [3]