8月27日，AI产业链再度爆发，盘面上光芯片、光模块CPO、半导体等算力概念领涨市场，截至13：17，AI算力含量近50%的创业板人工智能指数 涨超5%，截至13：18，同类费率最低的创业板人工智能ETF华夏(159381)涨5.69%，盘中价格再创新高！截至发文，该ETF成交额超2亿元，并且 获得资金实时净申购超2000万份。 消息面上，近日国内AI算力芯片龙头寒武纪、光模块龙头中际旭创（300308）发布半年报，利润同比大增，验证AI算力高景气。报告期内，中际 旭创公司实现营业收入147.89亿元，同比增长36.95%；归属于上市公司股东的净利润39.95亿元，同比增长69.4%；寒武纪方面，营业总收入28.81 亿元，同比去年增长4347.82%，归母净利润为10.38亿元，同比去年增长295.82%，基本EPS为2.50元，平均ROE为17.05%。 有分析认为，为了满足AI应用兴起带来的推理和训练需求，海外云服务厂商持续加大AI基础设施建设，整体资本开支呈现快速增长的趋势。国内 互联网厂商对AI基础设施的资本开支同样在大幅增长。同时，国内政策层面对算力产业链不断加码，也助推数字经济蓬勃发展。 创业板 ...

从中长期视野来看，算力作为人工智能的上游资源端，不管AI大模型能不能跑出来，所需要的算力消 耗都不会少。目前AI仍处于发展的及早期，AI算力仍然有很大的增长空间。三年前，训练一个千亿参 数的大模型需要烧掉数千万美元，如今，这个数额将会更加庞大。《人工智能趋势报告 2025》显示， 前沿 AI 模型的训练成本在8年内增长了约2400倍，单个模型训练成本可能在 2025 年将达到10亿美元， 未来有可能突破100亿美元。 创业板人工智能ETF华夏（159381）：跟踪创业板人工智能指数（970070.CNI），精准布局AI产业链龙 头，聚焦高景气AI算力（光模块CPO权重占比超40%）+AI中游软件+应用，高效地捕捉AI主题行情， 目前该ETF场内综合费率仅0.20%，位居同类最低。值得注意的是，今年以来，其跟踪的创业板人工智 能年内累计上涨超60%，显著跑赢CS人工智、科创AI等同类AI指数。 8月27日早盘，A股人工智能产业链强势爆发，截至10：27，创业板人工智能ETF华夏（159381）涨超 4.5%，持仓股中科创达涨超18%，新易盛涨超10%，长芯博创、天孚通信等涨超6%。截止发文，该ETF 盘中成交额 ...

摩根大通表示，鉴于杠杆率和估值仍处于适度水平，料中国股市上涨动能将持续，并估计潜在的资产轮动可能会为股市注入额外的14万亿元人民币流动 性。 值得关注的产品，及截至发稿涨跌幅： AI全产业链：人工智能AIETF(515070)，+4.61%，覆盖AI芯片（寒武纪 - U）、算力基础设施（中科曙光(603019)、新易盛(300502)、中际旭创 (300308)）、算法应用（科大讯飞(002230)）等全产业链环节。 人工智能指数中CPO含量最高且费率最低：创业板人工智能ETF华夏(159381)，+3.97%，权重股包含新易盛(光模块)、中际旭创(光模块)、天孚通信 (300394)(光器件)、润泽科技(IDC/云计算)等。 价值+成长新一代核心宽基：A500ETF基金(512050)，+1.41%，覆盖全部35个中证二级行业的市值较大、流动性较好的500只成分股，包含了贵州茅台 (600519)、宁德时代(300750)、中国平安(601318)等各行业的龙头企业。 格隆汇8月22日｜大金融、大科技联手抬升，上证指数午盘后突破3800点，续创近十年新高！科创50大涨5.25%创近三年半新高。 盘面上，半导 ...

Group 1 - The Shanghai Composite Index broke through 3600 points and showed strength again today, with the Wind All A Index surpassing the previous high of 9.24, indicating a positive trend in the A-share market [1] - The WAIC 2025 will open on July 26, showcasing over 3000 cutting-edge exhibits, including more than 100 "global debuts" and "China debuts," marking the largest scale in history [1] - According to a report by China International Capital Corporation (CICC), the technology foundation and product roadmap for building AIAgent intelligent agents are maturing, with expectations for significant advancements in AI applications and the formation of a complete commercial ecosystem by 2025 [1] Group 2 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), focusing on companies providing technology, resources, and applications in the AI sector, often referred to as the "robot brain" creators and the "foundation" of the Internet of Everything [2] - The top ten weighted stocks in the AI ETF include leading domestic technology companies such as Cambricon Technologies, Hikvision, and iFlytek, indicating a strong representation of the AI industry [2] Group 3 - Related products include the AI ETF (515070), Huaxia CSI Artificial Intelligence Theme ETF Link A (008585), and Huaxia CSI Artificial Intelligence Theme ETF Link C (008586) [3]

Group 1 - The A-share market is experiencing an upward trend driven by the fintech sector, with the Shanghai Composite Index surpassing 3450 points [1] - The AI sector saw significant gains, with stocks in the AI ETF (515070) such as Lexin Technology and Shenzhen Sanda A rising over 5% [1] - A joint opinion from six departments emphasizes the need to strengthen the financial foundation of the macro economy, support employment and income growth, optimize insurance protection, and actively cultivate consumer demand [1] Group 2 - According to Shenwan Hongyuan Securities, the download volume of domestic open-source large models has increased by 300% year-on-year, with the developer community exceeding 2 million, significantly lowering the application threshold for small and medium-sized enterprises [1] - Cloud vendors are upgrading from Infrastructure as a Service (IaaS) to scenario-based services through Model as a Service (MaaS), with the growth rate of derivative markets such as fine-tuning toolchains and evaluation platforms reaching 60% [1] - The open-source ecosystem is shifting the industry from "model competition" to "service ecosystem competition," accelerating the commercialization process of long-tail scenarios [1] Group 3 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), selecting component stocks that provide technology, basic resources, and application end stocks for artificial intelligence [1] - The top ten weighted stocks in the ETF include leading domestic technology companies such as Cambricon Technologies, Hikvision, and iFLYTEK [1]