年末分析：AI下一个爆点在哪儿？

Core Insights - The article highlights the rapid growth and user engagement of AI applications, particularly ByteDance's Doubao and Alibaba's AI health assistant, which have shown impressive metrics in daily usage and active users respectively [1][2]. Industry Trends - AI has become integrated into various sectors, evolving from a focus on computational power to a phase where the emphasis is on creating profitable business models [3][4]. - Institutions agree that 2026 will be a pivotal year for AI to start generating significant profits, with a shift from infrastructure to scalable commercial applications [5][6]. Investment Opportunities - Analysts from Dongxing Securities note a "three-dimensional resonance" in AI investment driven by policy support, technological advancements, and real demand, particularly highlighted by the surge in Doubao's usage [5][21]. - The growth of AI is expected to continue, with a focus on companies that can effectively implement technology to enhance efficiency across industries [6][21]. ETF Recommendations - The article suggests two ETFs for investors: the ChiNext AI ETF (159363) and the Sci-Tech Innovation AI ETF (589520), which provide diversified exposure to the AI sector [7][20]. - The ChiNext AI ETF focuses on a broad range of AI-related industries, with a significant portion in AI computing power, while the Sci-Tech Innovation AI ETF emphasizes domestic chip manufacturers [7][23]. Performance Metrics - As of December 23, the ChiNext AI ETF has seen a cumulative net value increase of 93.48% over the past year, significantly outperforming its peers [11][26]. - The Sci-Tech Innovation AI ETF has also shown strong performance, with a net value increase of 36.73% over the past six months and 50.27% in the third quarter [11][26]. Fund Characteristics - The ChiNext AI ETF is the largest in its category, providing good liquidity, while the Sci-Tech Innovation AI ETF has a strong focus on domestic chip technology, aligning with national strategic goals [14][29].