Investment Rating - The report maintains an "Outperform" rating for the industry [4] Core Insights - The AI industry is experiencing continuous growth, driven by the 2025 World Artificial Intelligence Conference (WAIC) and the upcoming releases of GPT-5 and DeepSeek-R2 models. Key breakthroughs are expected in edge computing and agent applications, enhancing the performance of related ETFs [3][11] - The report recommends focusing on AI ETFs, highlighting their strong growth potential and favorable valuation relative to their growth prospects. The report suggests specific ETFs such as Huafu CSI Artificial Intelligence Industry ETF (515980) and E Fund CSI Artificial Intelligence ETF (159819) [3][11] Summary by Sections Market Review - Recent performance shows that cloud computing ETFs and AI ETFs have led the sector, with notable increases: cloud computing ETF (517390) up 11.43%, AI ETF (515980) up 9.63%, while gaming ETFs have seen declines [11][23] - The market is experiencing a significant divergence in performance, with AI and cloud computing benefiting from recent events, while gaming and fintech sectors are under pressure due to profit-taking and market preference shifts [11][23] Industry Dynamics - In July, 134 games were approved for release, with the game "Kingshot" achieving significant revenue growth, indicating a robust gaming market [2][23] - The summer box office has surpassed 5.2 billion, with the film "Nanjing Photo Studio" achieving both critical and commercial success, reflecting a strong performance in the film industry [2][23] Investment Recommendations - The report emphasizes the importance of AI ETFs, citing the accelerating application deployment and technological advancements as key drivers for growth. The report lists several recommended ETFs for investment [3][11]

此外，英伟达公司创始人兼首席执行官黄仁勋，今天在接受总台央视记者采访时宣布：美国已批准H20 芯片销往中国。这直接利好光通信（包括光模块、CPO）以及相关的AI应用侧。 有券商表示，受益于AI需求驱动和国内外互联网厂商资本开支增长，服务器、连接器等龙头公司业绩 亮眼。国内大模型迭代、落地应用有望加速。建议关注国内AI发展带动的服务器、IDC、交换机、连接 器等板块，以及海外AI发展带动的服务器、光模块等板块。 随着互联网巨头相继布局云计算，以及传统金融机构围绕新型技术的新一轮IT改革，加速了云计算在金 融行业的应用实践。越来越多金融企业开始应用云来承载应用和处理高并发业务，云计算技术正加快与 金融行业发展融合。2025年开始，DeepSeek等开源模型的入场为金融云市场发展的竞争格局引入了新 的变化和商机，中国金融云蓄势待发，有望迎来新一轮的"基础设施重构+智能应用爆发"的双增长。 对于场外投资者，还可以通过云计算ETF沪港深联接基金（A类019171；C类019170）、计算机ETF （159998）联接基金（A类001629；C类001630）参与科技赛道的上行机遇。 （文章来源：每日经济新闻） 今日，科 ...

以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 规模方面，云计算ETF沪港深近3月规模增长322.37万元，实现显著增长，新增规模位居可比基金第一。 消息面上，7月11日，工业和信息化部发布信息化和工业化融合2025年工作要点，含五方面17项内容。其中提到，编制制造业企业人工智能应用指南，加强 人工智能技术在工业领域的深度融合应用。实施"人工智能+制造"行动，支持企业在重点场景应用通用大模型、行业大模型和智能体。 截至2025年7月15日 09:42，云计算ETF沪港深(517390)上涨4.02%，跟踪指数中证沪港深云计算产业指数(931470)强势上涨4.05%，成分股新易盛(300502)上涨 20.00%，中际旭创(300308)上涨14.14%，奥飞数据(300738)上涨6.04%，科华数据(002335)，润泽科技(300442)等个股跟涨。 7月14日，国内光模块龙头——新易盛晚间发布业绩预告，预计2025年上半年归属于上市公司股东的净利润37亿元~42亿元，同比增长327.68%~385.47%；业 绩变动主要原因是，报告期内公司受益于人工智能相关算力投资持续增长，产 ...

- The report does not contain any quantitative models or factors related to construction, testing, or evaluation

Group 1 - The A-share market experienced a rebound on June 5, with the ChiNext Index leading the gains, particularly in computing power concept stocks [1] - The Hang Seng Technology Index rose by 1.69% as of the report, while the CSI Cloud Computing Industry Index increased by 2.8% [1] - Notable performers included UCloud Technology, which surged over 12%, and Kehua Data, which hit the daily limit [1] Group 2 - The Cloud Computing ETF (517390) closed up 2.97% with a trading volume exceeding 18.67 million yuan and a turnover rate of 5.91% [2] - Year-to-date, the ETF has gained 10.35%, ranking first among similar products, with a share change rate of 498.83% [2] - The ETF closely tracks the CSI Cloud Computing Industry Index and invests in internet companies in Hong Kong, computing power firms in A-shares, and leading computer companies in A-shares [2] Group 3 - Xiangcai Securities anticipates a continued recovery in consumer electronics from 2025, driven by advancements in AI technology that sustain high demand for AI infrastructure [3] - The implementation of AI technology at the terminal level is expected to drive upgrades in end-side hardware, enhancing the market for components like SOCs and thermal materials [3]

Core Viewpoint - Major public fund institutions are increasingly renaming their ETFs to enhance brand differentiation and improve investor recognition of product characteristics [1][4]. Group 1: ETF Renaming - Tianhong Fund announced that starting from May 12, 2025, it will change the trading names of several ETFs, including its large-scale CSI 300 ETF and specialized ETFs like the Internet of Things ETF and Cloud Computing ETF [1]. - The renaming strategy aims to clarify the underlying asset categories and improve the investment experience by aligning with investor search habits [1][2]. Group 2: Industry Trends - The trend of renaming ETFs is not isolated to Tianhong Fund; other major players like E Fund, Southern Fund, and Huaxia have also adjusted their ETF trading names recently [3]. - This shift indicates that the competition in the ETF market has entered a new phase, with firms focusing on brand identity rather than just competing for core product names [4].