Nvidia(US:NVDA) Xin Lang Cai Jing·2026-03-17 13:27Group 1 - The A-share market saw all three major indices close in the red, with the focus on the domestic AI industry chain, the Sci-Tech Innovation Artificial Intelligence ETF (589520) experiencing a price drop of 2.57%, yet funds showed a "buy the dip" attitude, accumulating 36.6 million yuan over the past five trading days, indicating optimism for the domestic AI sector's future performance [1][8] - In terms of constituent stocks, Anlu Technology led with a gain of over 2%, while Stone Technology and Fudan Microelectronics closed in the green, but 27 other stocks fell, with Xinghuan Technology-U hitting a 20% limit down, and Lingyun Optics, Sikan Technology, and Yaxin Security dropping over 5%, negatively impacting index performance [1][8] Group 2 - At the policy level, AI has become a frequently mentioned term in this year's significant meetings, being included in the government work report for three consecutive years, with seven mentions this year. By 2025, China's core AI industry is expected to exceed 1.2 trillion yuan, with projections of growth to over 10 trillion yuan by the end of the 14th Five-Year Plan [3][10] - The annual GTC conference by NVIDIA highlighted that its new AI acceleration chip architecture, Blackwell, and the next-generation Rubin product are expected to generate at least 1 trillion dollars in revenue by the end of 2027, doubling last year's forecast, emphasizing the rapid expansion of AI infrastructure investment [3][10] - The demand for computing power is surging, leading to a concept of "Token inflation," with platforms like Alibaba Cloud and Volcano Engine seeing a rapid increase in API call volumes. This strong supply-demand dynamic is expected to push the computing power industry into a "full-chain inflation" cycle by 2026, with industry prosperity spilling over from core chips to data centers, cloud services, and supporting power equipment [3][10] - Dongxing Securities believes the AI industry is currently in a phase of resonance across policy, technology, and demand, with domestic chip and cloud computing leaders gradually validating their performance, and continued capital expenditure from major companies enhancing industry development certainty, indicating further upside potential for industry prosperity [3][10] Group 3 - The Sci-Tech Innovation Artificial Intelligence ETF (589520) and its linked funds focus on the domestic AI industry chain, including leading domestic GPU companies (e.g., Cambricon), ASIC leaders (e.g., Chipone), and AI application leaders (e.g., Kingsoft Office). The semiconductor sector accounts for nearly half of the ETF's weight, indicating strong offensive potential, while the software sector accounts for over 30%, likely benefiting from the AI application rebound [3][10] - This ETF serves as a financing and margin trading target, providing an efficient tool for investing in domestic computing power [3][10]