Group 1: Market Performance - The ChiNext AI ETF (Southern, 159382) increased by 1.33% with a transaction volume of 18.4353 million yuan as of November 24, 2025 [1] - The ChiNext AI Index rose by 1.41%, with significant gains from constituent stocks such as Guangku Technology (+14.30%), BlueFocus (+6.14%), and Changxin Bochuang (+5.27%) [1] - Over the past week, the ChiNext AI ETF saw a scale increase of 365 million yuan, reaching a new high of 2.085 billion shares [1] Group 2: Fund Flows - The latest net inflow for the ChiNext AI ETF was 130 million yuan, with net inflows recorded on 4 out of the last 5 trading days, totaling 1.396 billion yuan [1] Group 3: AI Industry Developments - Google's new multimodal AI model, Gemini 3 Pro Image, was released, enhancing transparency in AI content generation with improved digital watermark verification [2] - The release of Gemini 3 signifies a shift in focus from underlying computing power to high-frequency application deployment in the AI sector [2] - Nvidia's strong performance indicates that the implementation of AI applications is driving explosive growth in the industry chain, providing long-term support for AI investments [2][3] Group 4: PCB Industry Opportunities - Citic Securities highlighted that the AI industry is in an accelerated growth phase, with PCB as a key upgrade segment for AI chips, recommending focus on leading firms in the AI PCB sector [3] - The top ten weighted stocks in the ChiNext AI Index include companies like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, reflecting the performance of AI-related listed companies [3]