ETF日报| 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！

Market Overview - 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 increasing by over 2% [1] - 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] ETF Performance - The leading ETF in the ChiNext, the AI-focused ETF (159363), saw a rise of 3.05%, approaching its previous high, with significant trading volume of 646 million yuan [4] - The technology ETF (515000) and the electronic ETF (515260) also experienced gains of 2.99% and over 2%, respectively, reflecting strong performance in the semiconductor industry [2][4] Sector Analysis - The Hong Kong market's first ETF focusing on the "Hong Kong chip" industry (159131) rose by 1.58%, driven by strong performances in semiconductor and electronic sectors [3][15] - The precious metals sector remains strong, with the largest ETF in this category (159876) rising by 2.37%, reaching a new closing high, supported by a historical increase in gold prices, which surpassed 4440 USD per ounce [3][12] Investment Outlook - 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] - Institutions recommend gradually positioning in Hong Kong stocks, particularly in technology, as they present high investment value [3] AI and Semiconductor Developments - The AI industry is experiencing a surge, with domestic GPU companies like Moore Threads and Muxi Co. going public, and significant advancements in AI models being reported [6][19] - The light module sector is witnessing a "volume and price increase" development, with global cloud vendors increasing capital expenditures, indicating strong demand for computing power [6] Gold and Industrial Metals - The gold price is expected to challenge historical highs, with central bank purchases supporting the upward trend [12] - Industrial metals like copper and aluminum are also projected to see price increases due to low inventory levels and anticipated economic recovery in China [11][12] ETF Comparison - The AI-focused ETF (159363) has a scale exceeding 3.6 billion yuan, ranking first among seven ETFs tracking the ChiNext AI index, indicating strong investor interest [7] - The Hong Kong information technology ETF (159131) has a price-to-earnings ratio of 33.23, suggesting it is undervalued compared to other major technology indices [19][21]