Venture(US:VEMLY) Jin Rong Jie·2026-01-13 01:30Core Insights - The GEO concept, a significant emerging branch of AI applications, is gaining increasing market attention, with Elon Musk announcing the open-sourcing of the latest content recommendation algorithm on platform X, signaling an intention to enter the GEO field [1] - The secondary market saw a surge in GEO concept stocks, with companies like Yidian Tianxia, Zhongwen Online, and Tianlong Group experiencing a 20% limit-up, while the AI application and computing power-focused ChiNext AI ETF (159363) rose by 7.85%, reaching a new high with over 1 billion yuan in trading volume [1] Market Performance - The current price of the ChiNext AI ETF (159363) is 1.127 yuan, approaching the pre-ex-dividend closing price of 1.191 yuan, indicating a potential "filling rights" market trend, reflecting high industry sentiment [3] - The ChiNext AI index has risen over 12% since the beginning of the year, significantly outperforming the communication equipment index, highlighting a divergence in performance driven by core configuration differences [3] Investment Themes - As of December 2025, approximately 60% of the ChiNext AI sector's positions are allocated to computing power, while 40% are focused on AI applications, representing a core focus on both computing power and effective AI application capture [3] - Recent reports indicate that AI applications are on the verge of an explosion, with advancements in LLM reasoning capabilities and multimodal abilities, alongside reduced training costs, accelerating commercialization progress in both domestic and international markets [5] - The market is entering a new phase of AI investment, emphasizing application over infrastructure, with the ChiNext AI ETF (159363) and its associated funds positioned to benefit directly from the commercial explosion of AI technologies [5]