截至2025年8月25日 13点19，上证科创板半导体材料设备主题指数下跌1.82%。成分股方面涨跌互 现，盛美上海领涨6.79%，中船特气上涨2.44%，晶升股份上涨2.38%；新益昌领跌5.93%，芯源微下跌 5.49%，京仪装备下跌5.30%。科创半导体ETF（588170）下跌1.97%，最新报价1.2元。拉长时间看，截 至2025年8月22日，科创半导体ETF（588170）近1周累计上涨11.21%，流动性方面，科创半导体ETF （588170）盘中换手28.7%，成交1.18亿元，市场交投活跃。拉长时间看，截至8月22日，科创半导体 ETF（588170）近1周日均成交1.16亿元。份额方面，科创半导体ETF（588170）近3月份额增长6600.00 万份，实现显著增长。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面上，从2025中国算力大会 ...

Group 1 - The Core Point: The 科创创业50ETF fund (588660) experienced a significant increase, with a nearly 3% rise and a trading volume of 12.67 million yuan, reflecting strong performance in the underlying 中证科创创业50 index, which rose by 2.29% [1] - The fund has shown a cumulative increase of 12.61% over the past week, ranking first among comparable funds [1] - The 2025 China Computing Power Conference highlighted the growth in computing power infrastructure, with the number of operational computing centers reaching 10.85 million and intelligent computing power scaling up to 788 EFLOPS as of June 2025 [1] Group 2 - Goldman Sachs raised the target price for 寒武纪 by 50% to 1,835 yuan, citing increased capital expenditure in cloud computing and diversified chip platforms as key reasons [2] - The net profit forecasts for 寒武纪 for 2025-2027 were increased by 59%, 28%, and 29% respectively, reflecting higher AI chip shipment volumes [2] - 中信建投证券 noted that market sentiment is warming, with a potential for a slow bull market, while emphasizing the importance of finding low-position new directions in thriving sectors [2] Group 3 - The 科创创业50ETF fund closely tracks the 中证科创创业50 index, which selects 50 large-cap emerging industry companies from the 科创板 and 创业板 to reflect the overall performance of these sectors [3]

Group 1 - The core viewpoint of the news highlights the significant growth in the computing power sector, with the cloud computing ETF Huatai-PineBridge (159273) experiencing a nearly 5% increase and a trading volume of 40 million yuan [1] - The computing power platform in China is accelerating its construction, with 10 provinces already connected to the computing power sub-platforms, aiming to improve the quality of intelligent computing supply to meet the needs of emerging industries [3] - The intelligent computing power is widely applied in various fields, including generative models, autonomous driving, embodied intelligence, smart cities, and industrial manufacturing, with over 23,000 innovative computing projects collected through competitions [3] Group 2 - The majority of the index component stocks of the cloud computing ETF Huatai-PineBridge (159273) saw positive performance, with notable stocks like Zhongke Shuguang and Huasheng Tiancai hitting the daily limit, and Data Port and Zhongji Xuchuang rising over 8% [4] - The estimated weight and performance of key stocks within the ETF include New Yisheng at 4.66%, Zhongji Jiachuan at 7.74%, and Tencent Holdings at 2.42% [5] - The DeepSeek V3.1 upgrade is expected to inject new momentum into domestic computing power, with a focus on AI computing chains and the continuous growth of the AI application market [6][7] Group 3 - The release of DeepSeek V3.1 emphasizes the importance of domestic computing power, liquid cooling, and optical communication in the AI industry chain, with recommended stocks including Zhongji Xuchuang and New Yisheng [9] - The cloud computing ETF Huatai-PineBridge (159273) is positioned to capture opportunities in the AI-driven computing power market, covering a wide range of sectors including hardware, cloud computing services, and IT services [9]

Group 1 - The core viewpoint is that China's computing power platforms are accelerating construction, with 10 provinces officially connected to the computing power sub-platforms, and the total computing power scale in China is growing at an annual rate of approximately 30% [1] - By 2025, China's intelligent computing power scale is expected to exceed 40% growth, with projections indicating that the intelligent computing power scale will reach 1,037.3 EFLOPS by 2025 and 2,781.9 EFLOPS by 2028 [1] - The market for intelligent computing centers in China is anticipated to reach 288.6 billion yuan by 2028, driven by the shift from training to inference in AI large model applications [1] Group 2 - As of August 25, 2025, the CSI Artificial Intelligence Theme Index has surged by 3.73%, with significant gains in constituent stocks such as Zhongke Shuguang (up 10.00%) and Cambrian (up 9.48%) [2] - The AI Artificial Intelligence ETF has also shown strong performance, with a recent price of 1.94 yuan and a cumulative increase of 14.22% over the past week [2] - The top ten weighted stocks in the CSI Artificial Intelligence Theme Index account for 55.52% of the index, indicating a concentrated investment in key players within the AI sector [2]

Market Overview - The AI industry chain experienced a significant surge on August 22, with the electronic, communication, and computer sectors leading the market. The Huaxia AI ETF (589010) closed up 7.99%, with a 5-day increase of 17.18% and a 20-day increase of 26.19%, showcasing the high elasticity and strong growth potential of the AI sector in a bullish market [1] - All 30 component stocks in the Huaxia AI ETF closed in the green, with the largest weight stock, Hanwu Record, hitting a 20% limit up, surpassing a market capitalization of 500 billion. Other notable performers included Yuntian Lifei with a 20% increase, and Tianzhun Technology rising by 11.44% [1] - The Robot ETF (562500) rose by 2.44%, with Yuntian Lifei leading the gains at 20% and Tianzhun Technology increasing by 11.44%. The total trading volume reached 1.845 billion, with a turnover rate of 10.82%, indicating a vibrant market with increasing attention [1] Key News Highlights - NVIDIA's robot account teased an upcoming event on August 25, 2025, with a promotional video hinting at new developments in robotics, suggesting a significant product launch [2] - The "2025 China Computing Power Conference" reported that China's computing power platforms are accelerating construction, with 10 provinces already connected. The intelligent computing power is expected to grow over 40% by 2025, with applications in various fields including generative models and smart cities [2] - Kuaishou Technology reported record highs in traffic and profitability for Q2 2025, with revenue increasing by 13.1% to 35 billion and adjusted net profit rising by 20.1% to 5.6 billion. The company's AI product, Keling AI, generated over 250 million in revenue for the quarter, with expectations to double its annual revenue target [2] Institutional Insights - CITIC Securities noted that the domestic C-end AI market is dominated by large enterprises, with faster commercialization seen in overseas companies. Domestic giants are focusing on multi-modal, agent-based, and AI programming applications, often adopting free models to capture market share [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 10 billion, offering the best liquidity and comprehensive coverage of the Chinese robotics industry, facilitating investor access to the sector [4] - The Huaxia AI ETF (589010) is characterized by its 20% price fluctuation limit and small to mid-cap elasticity, aiming to capture significant moments in the AI industry [4]

Domestic Economic Indicators - In the week of August 25 to August 31, key domestic economic data such as July's industrial enterprise profits and August's PMI will be released [1] - The cumulative installed power generation capacity in China reached 3.67 billion kilowatts by the end of July, marking an 18.2% year-on-year increase [5] Stock Market Developments - This week, A-shares will see the unlocking of nearly 92.4 billion yuan worth of restricted shares, with 37 stocks facing unlocks totaling 5.068 billion shares [3] - The top three companies by unlock market value are Xugong Machinery (31.9 billion yuan), Dazhu CNC (31.6 billion yuan), and Rongbai Technology (5.7 billion yuan) [3] International Economic Events - The European Central Bank will release the minutes from its July monetary policy meeting, and the U.S. will publish the July PCE price index [1] - The U.S. Federal Reserve Chairman Jerome Powell indicated an openness to interest rate cuts, suggesting potential adjustments in monetary policy due to economic conditions [10] Industry-Specific Developments - The 2025 China International Big Data Industry Expo will take place from August 28 to 30, highlighting advancements in the big data sector [1] - The 2025 China Charging Facility Industry Operation Service Development Conference is also scheduled, indicating ongoing developments in the energy sector [1] Regulatory Changes - The China Securities Regulatory Commission has modified the classification and evaluation regulations for securities companies, effective from August 22, to promote high-quality development and enhance risk management [7]

Market Overview - The international market experienced fluctuations last week, with the U.S. stock market showing mixed results. The Dow Jones increased by 1.53%, while the Nasdaq decreased by 0.58%. The S&P 500 rose by 0.27% [2] - European stock indices all rose, with the UK FTSE 100 up by 2.00%, Germany's DAX 30 up by 0.02%, and France's CAC 40 up by 0.58% [2] Economic Indicators - The upcoming U.S. Personal Consumption Expenditures (PCE) for July is a key economic indicator that will influence the Federal Reserve's future interest rate decisions [2] - In Europe, consumer confidence surveys will provide insights into the economic conditions following U.S. trade tariffs, along with inflation data from multiple countries in August [2] - In Asia, central bank meetings in South Korea and the Philippines are anticipated, with ongoing attention to the prospects of negotiations between Russia and Ukraine [2] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell expressed concerns about a weak job market and opened the door for potential interest rate cuts next month. The market anticipates a 89% chance of a rate cut in September [3] - Investors are looking for upcoming data to confirm these expectations, particularly regarding the impact of tariffs on inflation and the extent of the U.S. economic slowdown [3] - The core PCE data to be released next week is expected to be closely monitored, as strong data may necessitate the Fed to justify rate cuts with weak employment data [3] Additional Economic Data - Other data expected to provide insights into the U.S. economy includes July durable goods orders, August consumer confidence surveys, and weekly jobless claims [4] - HSBC economists predict that the second quarter GDP growth rate will be revised up from 3.0% to 3.2%, although they expect consumer confidence in August to remain low [4] Commodity Prices - International oil prices saw their first weekly increase in three weeks, with WTI crude oil rising by 2.71% to $63.66 per barrel and Brent crude oil increasing by 2.85% to $67.73 per barrel [5] - Gold prices stabilized and rebounded, with COMEX gold futures for August delivery rising by 1.15% to $3374.40 per ounce, driven by increased expectations for a rate cut [7] Corporate Earnings - Notable companies reporting earnings this week include Nvidia, CrowdStrike, Snowflake, and Micron Technology, along with Chinese companies Alibaba and Pinduoduo [4]

Group 1: Industry Developments - The Ministry of Industry and Information Technology emphasizes orderly guidance for computing power facility construction and aims to enhance the quality of computing power resource supply [1] - The 2025 China Computing Power Conference highlights that China's computing power platform is accelerating construction, with 10 provinces already connected to computing power sub-platforms [2] - The report indicates that the scale of intelligent computing power in China is expected to grow by over 40% by 2025 [2] Group 2: Education Initiatives - Hangzhou's primary and secondary schools will implement AI general education courses, requiring at least 10 class hours per academic year [3] Group 3: Investment Insights - A report from MIT warns that 95% of generative AI investments yield little to no return, with half of the projects failing and only 5% achieving commercialization [3] - Goldman Sachs reports that hedge funds have net bought Chinese stocks at the fastest pace in seven weeks, indicating a shift in investment strategy towards the stock market [6] Group 4: Corporate Announcements - Huawei announces a global product launch event in Paris on September 19, where it will unveil the new HUAWEI WATCH GT 6 series and other products [5] - SpaceX has postponed the tenth test flight of its "Starship" to address ground system issues [8]

从2025中国算力大会上了解到，中国算力平台正加快建设。目前，已有山西、辽宁、上海、江苏等10个 省区市的算力分平台正式接入。通过算力应用大赛累计征集的创新算力项目已经超过2.3万个，在工 业、金融、医疗、能源等领域实现了规模化复制推广。预计2025年，我国智能算力规模增长将超过 40%。 华工科技光模块年产能超过3000万只，为全球最大的光模块生产厂商之一，已成功开发出400G、 200G、100G全系列产品。 据智通财经主题库显示，相关上市公司中： 光迅科技800G产品已有部分客户在用，公司1.6T光模块产品已开发完成，产品已在OFC2023 DEMO， 目前正在推进送样测试工作。公司推出了可用于算力中心网络的全光交换机产品。 根据中国智算中心产业发展白皮书（2024年），AI大模型应用场景不断丰富，商用进程加快，智算中 心市场增长动力逐渐由训练切换至推理，预计2028年中国智算中心市场规模有望达到2886亿元。IDC与 浪潮信息联合发布的《2025年中国人工智能计算力发展评估报告》，2025年中国智能算力规模将达到 1037.3EFLOPS，预计到2028年将达到2781.9EFLOPS。甬兴证券研报认 ...

Group 1 - The recruitment system of Pang Donglai crashed due to overwhelming applications, with all positions receiving sufficient valid resumes by 10:45 AM on August 23 [3] - Dalian University of Technology has halted salary payments for all staff, with total execution amounts exceeding 3.5 billion yuan, due to account freezes by the court [5][8] - Meta has launched a new audio translation feature for Reels, utilizing AI for multilingual dubbing, which significantly reduces video production costs [18] Group 2 - Keurig Dr Pepper is nearing a deal to acquire European coffee company JDE Peet for approximately 18 billion USD, with plans to separate beverage and coffee businesses post-merger [23] - Spotify announced a price increase alongside the launch of new services, aiming to attract 1 billion users [23] - Four-dimensional Map has entered the final stages of acquiring intelligent driving company JianZhi Robotics, as part of its strategy to expand into smart driving [24] Group 3 - The Chinese intelligent computing power scale is expected to grow by over 40% by 2025, driven by rapid advancements in artificial intelligence [31][32] - The pet food market in China is projected to exceed 175.5 billion yuan by 2025, with post-90s individuals being the primary pet owners [32] - The summer box office for 2025 has already surpassed 11 billion yuan, with several films leading the ticket sales [36]