周五（2月6日），A股缩量盘整，创业板人工智能午后翻绿收跌，算力、AI应用双双走低。成份股大面 积飘绿，AI应用龙头昆仑万维领跌超7%，光模块龙头新易盛下跌5%，中际旭创下跌4%；IDC算力租赁 方向相对活跃，铜牛信息、奥飞数据盘中均拉升超5%。 AI应用上，商业模式正从向规模化落地演进。长江证券表示，2026年随着AI产业生态的逐渐完善， Agent商业化有望全面加速，目前Agent还处于早期阶段，供给主要集中在头部大模型厂商叠加AI高昂的 使用成本，2C入口与2B侧规则化明确的高价值场景有望率先迎来规模化落地。* 当AI发展正从算力建设转向应用落地，一键布局"算力+AI应用"的创业板人工智能ETF（159363）及场 外联接（A类023407、C类023408），更直接受益于AI技术商业化爆发的增长红利。从赛道看，创业板 人工智能约六成仓位布局算力（光模块龙头+IDC龙头），约四成仓位布局AI应用，不止是"算力"核 心，也是真正的"AI应用"代表。 数据来源：沪深交易所等。 热门ETF方面，双线布局"算力+AI应用"的创业板人工智能ETF（159363）场内收跌1.95%，日线三连 跌，单日缩量成交5.6 ...

Group 1 - The ChiNext Index rose over 1.5% on August 29, with the lithium battery sector continuing its strong performance, while sectors like GPU, servers, IDC computing leasing, and CPO optical modules faced significant declines [1] - The recent hot topic, the Sci-Tech Innovation 50 ETF (159783), saw a drop of over 0.5%, with mixed performance among its constituent stocks, including significant declines in companies like Cambricon, Shanghai Semei, Loongson Technology, and others, while companies like Siengda Intelligent, CATL, and others saw notable gains [1] - Huatai Securities indicated that A-shares remain relatively undervalued globally, suggesting potential for significant appreciation based on metrics like market capitalization to GDP ratio [1] Group 2 - Huabao Securities reported that current market sentiment remains high, with an influx of new capital continuing, supporting the "deposit migration" logic, and the profit-making effect is expanding [2] - It is expected that A-shares will continue a trend of oscillating upward unless there is policy intervention, with a recommendation to maintain a balanced allocation focusing on mid to large-cap and leading companies [2] - The report emphasizes a positive outlook on technology growth styles amidst increasing economic uncertainty, suggesting attention to sectors like technology, new energy, cyclical (including military and rare earth), pharmaceuticals, and high-dividend stocks for rotation and rebound opportunities [2]

Group 1 - The A-share market opened lower on April 29, with active sectors including construction decoration, beauty care, and banking, while TMT sectors like computers and electronics continued to adjust [1] - The AI ETF Huaxia (159381) on the ChiNext fell by 0.24%, but its constituent stock Bochuang Technology surged over 17%, indicating a mixed performance within the sector [1] - The global first commercial intelligent computing supernode was recently launched in the Guangdong-Hong Kong-Macao Greater Bay Area, suggesting a potential continuation of the partial recovery trend in the computing industry chain [1] Group 2 - After previous adjustments, the artificial intelligence sector has seen a significant decrease in crowding, with funds actively entering the market, as evidenced by the Huaxia AI ETF attracting a total of 11.4634 million yuan over the last five trading days [2] - The Huaxia AI ETF tracks the ChiNext AI index, with a daily fluctuation range of ±20%, and the median total market capitalization of its constituent stocks is only 15.4 billion yuan, indicating a focus on small and mid-cap stocks [2] - The ETF covers leading companies across various sub-sectors, including IDC computing leasing, optical modules, cloud computing, and domestic software [2]