1月21日，A股硬科技板块成为主线，GPU、先进封装、半导体等赛道涨幅居前。科创50ETF富国 （588940）一度上涨4.07%，截至发稿的最新涨幅达3.15%。标的指数成分股中，龙芯中科20CM涨停， 资金热情高涨。 研究机构指出，半导体行业库存周期已进入健康状态，叠加AI创新周期，板块有望迎来"戴维斯双击"。 在此背景下，科创50ETF富国（588940）作为紧密跟踪上证科创板50成份指数的投资工具，聚焦半导 体、AI、高端制造等硬科技龙头，其中半导体行业权重占比较高，有望显著受益于本轮半导体景气周 期，场外投资者可通过科创50ETF富国联接（A类023055/C类023056）进行便捷布局。 （文章来源：每日经济新闻） 本轮半导体产业链走强的核心驱动力，来自全球AI需求爆发和行业基本面的实质性改善。行业数据显 示，2025年内全球半导体行业呈现结构性增长，公司产能利用率提升，营业收入增幅上升，特别是中高 端产品营业收入明显增加，半导体产业链投资收益也增厚了业绩。同时，在政策扶持与市场需求双重驱 动下，国内厂商的市场份额稳步提升。 ...

Core Viewpoint - Intel and AMD have raised server CPU prices by 10% to 15% due to supply-demand imbalance, positively impacting the computing chip sector and leading to a surge in related ETFs [1] Group 1: Market Impact - The integrated circuit ETF (159546) increased by 5.23%, the chip ETF (512760) rose by 4.23%, and other related ETFs also saw significant gains [2] - The demand for data center server CPUs is expanding, driven by the rise of generative AI and the need for cloud vendors to upgrade their server architectures [3][4] Group 2: AI and Semiconductor Growth - The global semiconductor market is expected to reach a historical high of $700.9 billion in 2025, with a projected growth of 11% year-on-year [5] - AI is identified as the core growth engine for the semiconductor industry, with AI-related semiconductor revenue expected to increase from less than 10% to 48% by 2030 [6] Group 3: Domestic CPU Development - Domestic next-generation server CPUs are being successfully deployed in various sectors, with improvements in performance and software compatibility [4] - The market share of domestic server CPUs is anticipated to grow due to increasing demand and supportive policies [4]

今日（1月21日）科创板大涨，创业板亦有亮眼表现，覆盖科创板+创业板高成长龙头的硬科技宽基——双创龙头ETF（588330）场内价格盘中涨超3.1%， 现涨2.51%。 | 序号 | 名称 | 涨跌幅 | 两日图 | 申万一级行业 | 由万 级行业 | 由万三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 成本中科 | 20.00% | | | 未言体 | 数字芯片设计 | 713亿 | 21.53亿 | | 2 | 漏起科技 | 13.96% | | | 半导体 | 数字芯片设计 | 1868亿 | 118.41亿 | | 3 | 海光信息 | 13.63% | | | 未言体 | 数字芯片设计 | 6714亿 | 153.75亿 | | 4 | 三环集团 | 6.32% | | | 元件 | 被动力性 | 1022亿 | 11.95亿 | | 5 | 芯原股份 | 5.71% | | | 半导体 | 数字芯片设计 | 1035亿 | 41.21亿 | | 6 | 去邦股份 | 5.64% | | | ...

Group 1: Market Activity - The storage chip sector is active, with Longxin Zhongke hitting a 20% limit up at the opening, and Haiguang Information rising by 13%, driving the integrated circuit ETF up over 5% and more than 18% year-to-date [1] - The integrated circuit ETF tracks the CSI All-Share Integrated Circuit Index, serving as a convenient tool for investing in leading companies across the entire chip industry chain [2] Group 2: Supply and Demand Dynamics - Samsung Electronics and SK Hynix are reportedly continuing to cut NAND flash production, which may exacerbate supply shortages, with Samsung's NAND wafer production expected to drop from 4.9 million last year to 4.68 million this year [3] - Micron Technology has indicated that the shortage of memory chips is worsening, driven by surging demand for high-end semiconductors required for artificial intelligence infrastructure [3] - The global 8-inch wafer supply is entering a period of imbalance, with a projected 2.4% reduction in total global 8-inch foundry capacity by 2026 due to strategic production cuts by major players [3] Group 3: Financial Performance and Projections - TSMC's earnings exceeded expectations, leading to an increase in its 2026 capital expenditure forecast to between $52 billion and $56 billion, up from $40.9 billion in 2025 [4] - TSMC anticipates a year-over-year revenue growth of 35.7% to 40% for the current quarter, with net profit reaching approximately $16 billion, driven by strong demand for AI high-performance chips [4] - Gartner projects that global AI spending will reach $2.53 trillion by 2026 and climb to $3.33 trillion by 2027, indicating a significant increase in demand for computing power and related components [4] Group 4: Industry Growth Drivers - Zhejiang Securities believes that the urgent demand for memory bandwidth and capacity driven by AI training and inference is propelling the storage industry into a new growth cycle, with both volume and price increasing [5] - The widespread application of AI, particularly in data-intensive fields such as deep learning and natural language processing, is leading to a noticeable increase in storage demand [5] - The integration of generative AI in end-user devices is expected to drive significant upgrades in storage capacity within the smartphone industry [5]

Core Viewpoint - The A-share market showed positive momentum with the ChiNext 50 Index increasing by 4%, driven by strong performance in the storage chip sector and significant trading volume in the ChiNext 50 ETF [1] Group 1: Market Performance - The ChiNext 50 Index opened lower but turned positive, with a maximum increase of 4.29% for the ChiNext 50 ETF (588000) [1] - The trading volume for the ChiNext 50 ETF reached 4.643 billion yuan [1] Group 2: Sector Highlights - The storage chip sector was particularly active, with Longxin Zhongke hitting the daily limit, Haiguang Information rising by 16.05%, and other companies like Lanke Technology and Zhongkong Technology also showing significant gains [1] - The electronic industry constitutes 70.35% of the holdings in the ChiNext 50 Index, aligning well with the development of advanced sectors such as artificial intelligence and robotics [1] Group 3: Future Outlook - Open Source Securities anticipates that TSMC's increased capital expenditure will boost expectations for advanced process capacity expansion [1] - High-end advanced packaging, essential for AI chips, is expected to see significant demand growth as manufacturing capacity is released [1] - Investors optimistic about China's hard technology development are encouraged to continue monitoring the sector [1]

科创50ETF（588000）追踪科创50指数，指数持仓电子行业超70%，与当前人工智能、机器人等前沿产 业的发展方向高度契合。同时涉及半导体、医疗器械、软件开发、光伏设备等多个细分领域，硬科技含 量高，看好中国硬科技长期发展前景的投资者建议持续关注。 相关ETF:科创50ETF（588000） 1月21日，A股三大指数延续上行走势，科创50ETF（588000）强势企稳，截至发文，涨幅达3.84%，成 交额超60亿元，交投活跃度显著提升。盘面上，龙芯中科涨停，海光信息上涨13.39%，创历史新高； 澜起科技涨幅扩大至11.98%，中控技术上涨9.38%，恒玄科技上涨6.96%。 消息面上，隔夜美股存储板块集体走强，闪迪涨超9%，再创历史新高。花旗集团将闪迪目标股价从280 美元上调至490美元，将希捷科技目标股价从320美元上调至385美元，看好存储行业供需格局改善与价 格上行周期。Counterpoint Research最新报告显示全球存储行情已超2018年高点，预计2026年Q1价格再 涨40%—50%，Q2续涨约20%，卖方市场格局强化。 展望后市，中信建投认为，受AI需求爆发、供给侧收缩等多重因素 ...

Core Viewpoint - The technology sector, particularly in AI and semiconductors, is experiencing significant growth, as evidenced by the performance of the ChiNext and STAR Market, with the Double Innovation Leader ETF (588330) showing a notable increase in value [1][7]. Group 1: Market Performance - The Double Innovation Leader ETF (588330) saw an intraday price increase of over 3.1%, currently up by 2.51% [1][7]. - The top-performing stocks in the semiconductor sector include Longxin Zhongke, which surged by 20%, and other companies like Lanke Technology and Haiguang Information, which rose by over 13% [2][11]. Group 2: AI Sector Developments - TSMC reported financial results that exceeded market expectations and provided a strong revenue guidance for 2026, indicating sustained growth in the AI sector [3][9]. - Micron Technology noted a continued shortage of memory chips due to surging demand for AI infrastructure, highlighting the importance of advanced packaging technology [3][9]. - Nvidia announced that its GB300 AI servers will begin large-scale deliveries in the second quarter of 2026 [3][9]. - OpenAI has invested $10 billion in AI chip manufacturer Cerebras to procure up to 750 megawatts of computing power over three years [3][9]. Group 3: Domestic Policy and Market Trends - The Ministry of Industry and Information Technology in China is promoting high-quality development in the AI industry through the implementation of the "AI + Manufacturing" initiative [3][9]. - China Galaxy Securities predicts a recovery in domestic AIDC bidding starting in Q4 2025, with major internet companies accelerating data center layouts in 2026 [3][10]. - Xinda Securities suggests that as AI demand continues to rise, order volumes and utilization rates in the semiconductor sector are expected to increase [3][10]. Group 4: ETF Characteristics - The Double Innovation Leader ETF (588330) is designed for diversified investment in strategic emerging industries, including new energy, semiconductors, and medical devices [12]. - The ETF has shown a year-to-date increase of 60.86%, outperforming major indices such as the ChiNext 50 and the ChiNext Index [12][13]. - The ETF offers a lower investment threshold, allowing investors to start with less than 100 yuan, making it an accessible option for capturing technology market trends [12].

Core Viewpoint - The semiconductor sector is experiencing significant growth, with the Chip 50 ETF (516920) seeing a surge of over 4% and attracting substantial capital inflow, indicating strong market interest in semiconductor investments [1][3]. Group 1: Market Performance - The Chip 50 ETF (516920) recorded a trading volume of 80 million yuan, with a total capital inflow of over 38 million yuan in the last two days [1]. - Key stocks within the Chip 50 ETF showed positive performance, with notable increases such as Haiguang Information rising over 16% and Lanke Technology increasing over 11% [3]. Group 2: Supply and Demand Dynamics - Intel and AMD plan to raise server CPU prices by 10%-15% to address supply-demand imbalances and ensure stable future supply, with their server CPU capacity for 2026 already largely pre-sold [3]. - The global demand for storage is structurally increasing, driven by the growth of artificial intelligence, which is significantly underappreciated by the market [3]. Group 3: CPU Importance in AI Era - The importance of CPUs is expected to rise in the AI era, as new computing scenarios demand higher processing speed and accuracy, making CPU innovation a key focus for the computing industry [4][5]. - High-end AI servers typically follow a configuration of "2 high-end CPUs for every 8 GPUs," highlighting the CPU's critical role in system stability and performance [5]. Group 4: Market Trends and Projections - The general server market is recovering, with a projected over 9% year-on-year growth in global server shipments, driven by data center upgrades and the replacement of existing server CPUs [6]. - Cloud vendors are expected to increase capital expenditures to meet AI demand, with global AI server shipments projected to grow over 20% year-on-year by 2026, accounting for 17% of total server shipments [7].

有色金属、新能源、油气开采等板块也上涨。截至上午收盘，上证指数上涨0.16%，深证成指上涨 0.76%，创业板指上涨0.85%。 科技股反弹 今天上午，科技股反弹，半导体产业链、算力产业链、消费电子等板块上涨。新易盛、通富微电、 澜起科技、中芯国际、中科曙光等龙头股上涨，且成交额居前。 | V | 半导体 | | | | --- | --- | --- | --- | | | 14245.55 1.70% | | | | 成分股 基金 | 简况(F10) | 资金 | 板块分 | | 名称代码 | 最新 | 涨幅 ◆ | 流通市值 | | 龙芯中科 | 177.72 | 20.00% | 713亿 | | 融 688047 | | | | | 首板涨停 最终涨停 09:38 | | | | | 束龄股份 | 26.27 | 12.70% | 67.91Z | | 融 920139 | | | | | 海光信息 | 285.74 | 12.40% | 6642 Z | | 融 688041 | | | | | 杰华特 | 52.12 | 11.97% | 235亿 | | 融 688141 | | | | | ...

大家好！来一起关注上午的市场行情和最新资讯~ 1月21日上午，亚太市场普遍低迷，A股市场走出独立行情，但午前涨幅略有回落。 【导读】A股走出独立行情，科创50指数半日涨近3%；电子板块狂掀涨停潮；利欧股份千万 手卖单压顶，封死跌停 中国基金报记者 晨曦 全市场半日成交额为16459亿元，较上日同期有所缩量；全市场超2900只个股上涨。 盘面上，上午电子、有色金属、通信、计算机等板块走高，GPU、锂矿、先进封装、黄金珠 宝等概念股活跃；煤炭、食品饮料、商贸零售等板块回调。 截至午间收盘，中熔电气、龙芯中科20cm涨停，科翔股份、海光信息等多股涨超10%；大港 股份、可立克、通富微电等十余股集体涨停。 | 序号 代码 | | 名称 | 现价 | 涨跌 | 涨跌幅 ~ | | --- | --- | --- | --- | --- | --- | | 1 | 688047 | 龙芯中科 | 177.72 | 29.62 | 20.00% | | 2 | 301031 | 中熔电气 | 143.40 | 23.90 | 20.00% | | 3 | 300903 | 科翔股份 | 24.84 | 3.05 | 14. ...