Core Viewpoint - The artificial intelligence (AI) sector is showing strong performance, with the China Securities Artificial Intelligence Industry Index (931071) and related ETFs reflecting positive trends in the market [1][4]. Group 1: Market Performance - As of July 3, 2025, the China Securities Artificial Intelligence Industry Index (931071) increased by 0.70%, with notable gains from stocks such as Xinyisheng (300502) up 2.95% and Shitou Technology (688169) up 2.52% [1]. - The AI ETF (515980) also saw an increase of 0.59%, indicating a positive sentiment in the AI investment space [1]. Group 2: Liquidity and Scale - The AI ETF recorded a turnover of 1.24% during the trading session, with a transaction volume of 43.44 million yuan, and an average daily transaction volume of 172 million yuan over the past week [3]. - The latest scale of the AI ETF reached 3.491 billion yuan, with leveraged funds continuing to invest, as evidenced by a net financing purchase of 16.65 million yuan on the previous trading day [3]. Group 3: Index Composition and Weighting - The China Securities Artificial Intelligence Industry Index is constructed from 50 representative listed companies based on their AI business proportion, growth level, and market capitalization, with the top ten weighted stocks accounting for 52.07% of the index [3]. - The top ten stocks in the index include companies like Zhongke Shuguang (603019) and Keda Xunfei (002230), with varying weightings that reflect their market significance [6]. Group 4: Investment Outlook - Fund manager Gao Zhe suggests that the current A-share market is in a volatile phase, but the AI sector remains a key area of growth, especially as the second quarter earnings reports approach [4]. - The AI industry is viewed as a high-certainty growth area, making it a focal point for investors seeking opportunities amidst market fluctuations [4].

Group 1 - The core viewpoint of the article emphasizes that the artificial intelligence (AI) industry index has high returns but also high risks, with a cumulative return of 45.0% since 2015 and an annualized return of 3.8%, outperforming major broad-based indices [1][2][7] - The AI industry index has a higher volatility compared to broad-based indices, with an annualized volatility of 38.8% [2][3] - The introduction of DeepSeek is expected to shift companies in the AI industry from speculative trading to performance-driven phases, potentially enhancing the growth of technology stocks [1][4][17] Group 2 - The AI industry index has three main advantages: 1. Purity: It selects stocks based on the proportion of AI revenue, ensuring that companies with a higher focus on AI have greater weight in the index [8] 2. Growth: The index adjusts market capitalization based on growth indicators, focusing on companies with actual performance and better marginal prosperity trends [9] 3. Comprehensiveness: The index spans various sectors, balancing weights between computing (55%) and application (45%) to capture opportunities in both areas [10][11] Group 3 - Recent changes in China's monetary policy and fiscal measures are expected to enhance the attractiveness of Chinese assets in the global market, with a potential reversal of the trend of capital outflows [14][16] - The launch of DeepSeek is anticipated to support the AI industry, leading to a widening performance gap between growth and value stocks, similar to past technological shifts [17][18] Group 4 - The Huafu CSI Artificial Intelligence Industry ETF (code: 515980) is the first ETF tracking the AI industry index, allowing investors to easily access the entire AI industry chain in A-shares [20][21] - The ETF aims to maintain a low tracking error relative to the index, with a target daily tracking deviation of no more than 0.20% [22]