中美AI技术差距在缩小？云计算ETF汇添富(159273)放量涨超2%创历史新高！从“算力竞赛”到“应用落地”，聚焦下半场AI行情！

Core Viewpoint - The AI computing sector is experiencing strong momentum, with the cloud computing ETF Huatai (159273) seeing a significant increase of over 2%, reaching a historical high in trading volume of nearly 500 million yuan [1][4]. Group 1: Market Performance - The cloud computing ETF Huatai (159273) has seen most of its weighted index stocks perform positively, with notable increases such as Runze Technology rising over 7% and Hengsheng Electronics increasing over 5% [4]. - Alibaba's stock (9988) has a weight of 9.37% in the ETF and has risen by 3.94%, with a market capitalization of 315.11 billion yuan [5]. Group 2: Industry Insights - Jefferies highlights that Chinese AI stocks have further upside potential due to increased capital expenditure, improved AI model performance, and favorable policy signals, with the monetization maturity of China's AI industry still lagging behind that of the U.S. [3]. - The performance gap between leading AI models in China and the U.S. has narrowed from 8% to approximately 6%, attributed to new products like Zhiyu's GLM-4.7 model [3]. - The IDC market is undergoing a supply-demand shift driven by marginal improvements in chip supply and an explosion in demand for domestic AI applications [9]. Group 3: Future Trends - The AI industry is transitioning from a "computing power competition" phase to one focused on "application landing," indicating a maturation of business models in the AI sector [6]. - The market is expected to see a resurgence in IDC orders and performance as major companies like ByteDance restart data center bidding due to improved chip supply conditions [9][10]. - The domestic AI model's continuous iteration is creating real and sustained demand for computing power, which is expected to drive the construction and bidding for IDC infrastructure [10].