ETF甄选 | 黄金再创历史新高，芯片半导体、5G通信、黄金股等相关ETF表现亮眼

Market Performance - The market experienced a rally on December 22, 2025, with all three major indices closing higher: Shanghai Composite Index up 0.69%, Shenzhen Component Index up 1.47%, and ChiNext Index up 2.23% [1] Sector Performance - Precious metals, electronic chemicals, and motors were among the top-performing sectors, while pharmaceutical commerce, education, and communication services lagged behind [1] Fund Flows - Major capital inflows were observed in sectors such as communication equipment, electronic components, and consumer electronics [1] ETF Performance - ETFs related to semiconductor, 5G communication, and gold stocks performed well, likely driven by relevant news [2] GPU Market Insights - Moore Threads launched a new GPU architecture, enhancing computing power density by 50% and energy efficiency by 10 times, indicating a rapid expansion in GPU demand driven by the AI era [2] - The global GPU market is projected to exceed 1 trillion yuan in 2024, with a CAGR of 24.5% from 2025 to 2029, while China's market is expected to grow from 142.5 billion yuan in 2024 to 1.3368 trillion yuan by 2029, with a CAGR of 53.7% [2] AI Computing Power - Continued upgrades in AI large models are expected to sustain strong demand for computing power, with domestic storage and advanced process capacity expansion anticipated to accelerate [3] - Companies with strong positions in storage equipment are likely to benefit from rising prices and increasing orders [3] Gold Market Outlook - Gold prices reached a new historical high of $4,448.6 on December 22, driven by interest rate cuts and escalating regional conflicts [3] - Long-term bullish sentiment on gold prices is supported by ongoing global monetary and debt concerns, with U.S. debt surpassing $38 trillion [3] - Increased profitability expectations for gold resource stocks are noted, with current valuations considered low, presenting investment opportunities [3][4]