Seek .(US:SKLTY) Sou Hu Cai Jing·2026-02-27 02:46Core Viewpoint - The rise of domestic computing power chains is significantly impacting the cloud computing sector, with the cloud computing ETF (159890) experiencing notable gains and increased investor interest [1] Group 1: Market Performance - The cloud computing ETF (159890) opened with a rise of over 1% and is currently up by 0.74%, indicating strong performance among its constituent stocks [1] - Notable stocks include Tuowei Information, which hit the daily limit, and Yuntian Lifei, which surged by 13%, while several others like Wangsu Science and Technology and Runhe Software rose by over 6% [1] - The ETF has seen a net inflow of over 66 million CNY during the trading session, with a cumulative net subscription of approximately 58.9 million CNY over the past five days, breaking previous scale records [1] Group 2: Industry Developments - DeepSeek is set to release its V4 model, which prioritizes compatibility with domestic chips, marking a shift in the industry towards domestic computing power solutions [3] - This move is expected to enhance the domestic computing power ecosystem, transitioning from mere usability to large-scale commercial application, thereby addressing the previous limitations of domestic chips [3] Group 3: Demand Insights - A report from CITIC Securities indicates a significant surge in the token usage of domestic large models, reflecting an exponential growth in AI inference demand [4] - The report highlights that the top three large models in terms of token usage are all domestic, showcasing the competitive edge of domestic computing power due to cost advantages and an improving ecosystem [4] - Additionally, the computing power market is experiencing price increases, indicating supply bottlenecks and suggesting ongoing benefits for the computing power industry [4] Group 4: ETF Composition - The cloud computing ETF (159890) tracks the CSI Cloud Computing and Big Data Theme Index, with a focus on both AI computing power (41%) and AI applications (32%) [5] - The top ten holdings include leading companies such as iFLYTEK, Kingsoft Office, and Inspur Information, positioning the ETF to benefit from the AI infrastructure wave [5][6] - The current trend led by DeepSeek in reshaping the domestic computing power ecosystem is expected to drive the industry from passive adaptation to active definition, presenting investment opportunities in the synergy between domestic computing power and AI applications [6]