GEO成AI变现核心引擎！高“应用”含量软件龙头ETF（159899）、云计算ETF（159890）再获资金逆势加仓！

Group 1 - The satellite industry and semiconductor equipment continue to show strong performance, while popular sectors like GEO and AI applications are experiencing a decline [1] - The popular satellite industry ETF (159218) and semiconductor equipment ETF (561980) saw intraday gains of over 1.6% and 2.2% respectively, while software leading ETF (159899) and cloud computing ETF (159890) fell nearly 2% but received significant capital inflows of 23 million and 8 million respectively [1] - The software leading ETF (159899) has accumulated a net inflow of over 300 million in the last four trading days, and the cloud computing ETF (159890) has seen a continuous net inflow of approximately 126 million over the last five trading days [1] Group 2 - Major domestic companies are focusing on the integration of AI applications, with Alibaba's "Ant Aifu" upgrading health services and ByteDance's Volcano Engine becoming the exclusive AI cloud partner for the Spring Festival Gala [2] - The large model has evolved beyond a technical foundation to become a dominant traffic entry point in the AI era, establishing a trend of simultaneous increase in volume and price [3] - By 2026, the global GEO market is expected to reach 24 billion, with the domestic market projected to reach 11.1 billion, indicating exponential growth [4] Group 3 - The global large model market is expected to reach 206.5 billion by 2029, with a CAGR of 80.7% from 2024 to 2029, driven primarily by the large model application market [7] - The cloud computing ETF (159890) focuses on key sectors such as servers, data centers, and cloud services, combining computing infrastructure with AI applications, while the software leading ETF (159899) tracks the CSI All-Share Software Index, which includes leaders in various fields with approximately 35% AI application content [7] - Investors may consider the cloud computing ETF (159890) and software leading ETF (159899) for a comprehensive layout of computing infrastructure and AI technology value realization, capitalizing on the commercial benefits of the "application is king" era [7]