Core Insights - The A-share index has collectively declined, with the Shanghai Composite Index experiencing a drop of over 2% during trading, particularly in sectors such as energy metals, batteries, photovoltaic equipment, and power grid equipment [1] - China's AI software industry is accelerating its global expansion, with a report from Bain & Company and Amazon Web Services projecting the global AI software and hardware market to reach between $780 billion and $990 billion by 2027, with an average growth rate of 40% to 55% [1] - The software industry plays a crucial role in the AI value chain, providing essential technology support and application implementation in both the midstream technology layer and downstream application layer [1] Industry Analysis - Current analysis indicates that China's software companies are entering a rapid development phase driven by both supply and demand, fueled by the rapid iteration of global generative AI and cloud-native technologies, as well as the widespread demand for digital transformation across various industries [2] - The software industry in China has accumulated significant engineering practices and agile iteration capabilities during the mobile internet era, which are being transformed into scalable products and services through deep collaboration with global cloud vendors [2] - The software industry is poised for a critical leap from scale expansion to high-quality global expansion, supported by technological breakthroughs and the demand for practical applications [2] Related Products - Notable related products include the ChiNext Software ETF (159256), ChiNext 200 ETF (159573), and Artificial Intelligence ETF (515070) [2]