A+H“AI硬件”携手走强，“高光”159363飙升3%逼近前高，首只“港股芯片链”ETF上探逾2%，有色创收盘新高！

Core Viewpoint - The market continues to rebound with technology leading the gains, as the Shanghai Composite Index rises for four consecutive days, surpassing 3900 points, and the ChiNext Index increases by over 2% [1][23]. Market Performance - The total trading volume in the two markets increased to 1.86 trillion yuan, with over 2900 stocks rising, indicating a warming short-term sentiment [1][23]. - The leading ETF in the ChiNext, the AI ETF (159363), saw a rise of 3.05%, approaching its previous high, with a trading volume of 646 million yuan [4][27]. - The technology sector, particularly the semiconductor and AI hardware segments, experienced significant gains, with the electronic ETF (515260) rising over 2% [2][25]. Sector Highlights - The Hong Kong market's first ETF focusing on the "Hong Kong chip" industry, the Hong Kong Information Technology ETF (159131), rose by 1.58%, leading other Hong Kong ETFs [3][25]. - The precious metals sector remains strong, with the largest colored metal ETF, Huabao (159876), rising over 2% and reaching a new high, supported by a drop in U.S. inflation and expectations of interest rate cuts [3][25][37]. - The price of spot gold has reached a historic high of 4440 USD per ounce, driven by various macroeconomic factors [3][37]. Investment Opportunities - Analysts suggest that a classic "cross-year-spring" market is developing, driven by liquidity and risk appetite, favoring small-cap and technology growth sectors [3][26]. - The AI industry is seeing a surge in domestic GPU companies going public, with significant developments in AI models and technology [6][29]. - The AI ETF (159363) is highlighted as a key investment opportunity, focusing on leading companies in the optical module sector, which has shown substantial growth [30][36]. Future Outlook - Goldman Sachs indicates that the technology sector's dominance is supported by sustained profit growth, with AI benefits expected to expand across various industries by 2026 [30]. - The colored metal sector is anticipated to be a leading trend in 2026, with expectations for gold prices to challenge historical highs due to central bank purchases [11][34].