人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。前十大权重股包括中际旭创、新易盛、寒武纪-U、中科曙光、科大讯飞、豪威集团、海康威视、 澜起科技、金山办公、紫光股份等国内科技龙头。 相关产品：人工智能AIETF（515070）、创业板人工智能ETF华夏（159381）、科创人工智能ETF华夏 （589010） 11月24日，A股三大指数午后全面翻红，AI赛道表现强势，智谱AI、AI语料等板块涨幅居前，AI应用端 涨势扩大，截至13：45，人工智能AIETF（515070）涨0.87%，其持仓股三六零涨停，昆仑万维涨超 7%，用友网络、光迅科技、神州泰岳等股纷纷异动走强。 消息面上，谷歌公布算力扩容计划，核心目标为每6个月将算力容量翻倍，并计划在未来4至5年内实现 1000倍的总体能力提升。谷歌强调此次扩张并非单纯比拼资本投入，而是在控制成本和能耗的前提下， 致力于构建更可靠、高性能且可扩展的基础设施。为支撑此目标，谷歌母公司Alphabet已在年内第二 ...

Group 1 - AI application sector experienced significant intraday fluctuations, with AI ETF (515070) initially dropping over 1% but later rising by 0.47% as of 10:42, driven by gains in stocks like Guangxun Technology and Kingsoft [1] - Google AI infrastructure head Amin Vahdat stated that the company must double AI computing power every six months and achieve an additional 1000 times growth in the next 4 to 5 years to meet rising AI service demand, emphasizing that the risk lies in insufficient investment rather than excessive investment [1] - Alibaba's AI assistant Qianwen App surpassed 10 million downloads within a week of public testing, outpacing competitors like ChatGPT and Sora, marking it as the fastest-growing AI application [1] Group 2 - Citic Securities reported that Nvidia's FY26Q3 performance and FY26Q4 guidance exceeded expectations, while Google's Gemini 3 model showed significant performance improvements, indicating that the AI industry is still in an accelerating growth phase [2] - Huashan Securities noted that AI large models are in a trend of rapid iteration, with Gemini 3 enhancing capabilities and changing human-computer interaction paradigms, leading to a focus on AI Agent and related application targets in the long term [2]

Group 1 - The A-share market experienced a collective adjustment, with active sectors including the China Shipbuilding system and military equipment, while battery, energy metals, and silicon energy sectors faced corrections [1] - Huawei is set to unveil an AI computing power scheduling technology at the 2025 World Computing Conference in Changsha, which aims to enhance hardware utilization rates from the industry average of 30%-40% to 70%, effectively doubling hardware efficiency [1] - This technology supports multiple chip brands, including Nvidia and Ascend, and is expected to drive the integration of China's AI infrastructure from chips to systems, becoming a key support for autonomous and controllable AI infrastructure [1] Group 2 - Bohai Securities highlighted the Ministry of Industry and Information Technology and the State Administration for Market Regulation's joint issuance of the "Electronic Information Manufacturing Industry 2025-2026 Stable Growth Action Plan," which emphasizes the promotion of domestic products and increased policy support for key enterprises in the industrial chain [2] - With the implementation of supporting funds and the improvement of policy standards, the bidding rhythm in the trusted computing field is expected to accelerate significantly [2] - Under the national policy promoting technological self-reliance, core sectors such as domestic computing power, operating systems, and databases are anticipated to enter a golden development period [2]

（责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 中信证券指出，看好Agent拉动管理软件再增长，工具软件及重点行业软件亦迎来增量。Agent具备 面向复杂任务的自主规划、感知、决策能力，实现从知识辅助到操纵代替的价值提升。Agent能够与管 理软件云转型和前台延伸趋势共振。测算企业每天调用模型不足4000次时，公有云方案更具成本优势， AI功能订阅与管理软件的云转型趋势同步。国内企业更多使用生产、供应链等前端模块，以及费控、 司库、财务共享等非传统模块，企业管理向前台延伸为Agent打开更大空间。 相关产品：创业板软件ETF华夏（159256）、创业板200ETF华夏（159573）、人工智能AIETF （515070） 每日经济新闻 11月21日，A股股指低开后跌幅扩大，截至10点09分，深证成指、创业板指跌幅均超2%，板块方 面，能源金属、电池、小金属、光伏设备等板块跌幅居前， ...

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]

中信证券在最新研报中强调了国产算力的重要性，在海外技术限制的背景下，发展自主可控的算力 显得尤为紧迫。国内企业已在超节点等解决方案上取得初步进展，通过多卡数量优势弥补单卡性能的不 足，从而实现算力的突破。这种多卡集群的建设对零组件的质量和数量都提出了更高的要求，为液冷、 存储、电源、光模块、PCB以及量子计算等细分领域带来了巨大的投资机会。中信证券预计，这些细分 领域有望迎来更高的业绩弹性。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技 术、基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互 联"地基"。前十大权重股包括中际旭创、新易盛、寒武纪-U、中科曙光、科大讯飞、豪威集团、海康威 视、澜起科技、金山办公、紫光股份等国内科技龙头。 今日A股市场低迷，三大指数集体低开，上证指数低开0.87%。深证成指低开1.76%，创业板指低开 2.07%。科技板块表现相对弱势，人工智能AIETF（515070）盘中跌2.7%，其持仓股瑞芯微上涨0.8%， 北京君正、新易盛、协创数据、芯原股份、寒武纪-U等股领跌。人工智能AIET ...

Group 1 - The core viewpoint of the article highlights the strong performance of U.S. stock indices, particularly driven by Nvidia's better-than-expected Q3 earnings report, which is expected to positively impact the A-share artificial intelligence industry [1] - Nvidia reported Q3 revenue of $57.01 billion, exceeding market expectations of $54.92 billion, with a net profit of $31.91 billion, a year-on-year increase of 65%, and adjusted earnings per share of $1.30, surpassing the expected $1.25 [1] - The report emphasizes that artificial intelligence is a core driver of a new technological revolution, creating new possibilities and pushing various industries towards intelligence [1] Group 2 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), selecting stocks that provide technology, basic resources, and applications in the AI sector, focusing on the midstream and upstream of the AI industry chain [2] - The top ten weighted stocks in the AI ETF include leading domestic technology companies such as Zhongji Xuchuang, Xinyi Sheng, Cambricon, and Hikvision, among others [2]

Core Insights - The domestic artificial intelligence (AI) industry chain is stabilizing with major internet companies releasing new AI achievements, leading to a rise in the AI ETF (515070) by over 1% at the opening [1] - Alibaba's new AI application, Qianwen APP, aims to compete directly with ChatGPT and has quickly climbed to the fifth position in the Apple App Store's free applications ranking [1] - Huatai Securities highlights the rapid development of the AI industry, driven by technological innovation and expanding application scenarios, with a focus on investment opportunities in the upstream technology sectors such as chips and algorithm frameworks [1] Industry Overview - The AI ETF (515070) tracks the CS AI theme index (930713), selecting stocks that provide technology, basic resources, and applications in the AI sector, focusing on the midstream and upstream of the industry [2] - The top ten weighted stocks in the ETF include leading domestic technology companies such as Zhongji Xuchuang, Xinyi Sheng, and Hanwha Technology [2] Related Products - AI ETF (515070) - Huaxia CSI Artificial Intelligence Theme ETF Link A (008585) - Huaxia CSI Artificial Intelligence Theme ETF Link C (008586) [3]

富达指出，真正的AI放缓迹象，如资本支出减弱、利用率下降或技术突破减少对数据中心和芯片的需 求尚未出现。AI相关公司的盈利和内存芯片价格持续攀升。中期我们对整体科技和AI周期持相当乐观 的态度。 与北美重"建模型"、重"讲故事"不同，中国AI的核心优势是"用模型"——有政策、有市场、有场景。政 策上， "人工智能+"连续写入政府工作报告，国务院专门发文要求深化行动，将数字技术与制造优势、 市场优势结合。这不是简单的产业引导，而是国家战略的刚性推进。市场上，中国拥有全球最大规模的 网民和数字化场景。AI在金融风控、工业质检等领域的准确率已超97%，商业化闭环清晰。华西证券指 出，中国AI企业更擅长垂直场景深耕，这种"应用驱动"模式让技术快速变现，在全球波动中更稳健。虽 然说我国在应用端发力，但是上游的算力是AI时代的"石油"，没有自主可控的算力，一切应用都是空中 楼阁。中国AI生态的构建，必须夯实这个底座。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基" ...

Core Viewpoint - The A-share market shows a narrowing decline in major indices, with the Shenzhen Component Index and ChiNext Index turning positive, driven by the strong performance of AIGC concepts and AI-related stocks [1] Group 1: Market Performance - The AI ETF (515070) has expanded its gains to 1.40%, with key holdings such as Jingchen Technology rising over 7% and Ruixin Micro increasing by 3.55% [1] - The overall market is experiencing a positive shift, particularly in the AIGC sector, indicating growing investor interest and confidence in AI technologies [1] Group 2: Technological Innovations - Huawei announced the results of its sixth "Top Ten Inventions" at the Innovation and Intellectual Property Forum, highlighting breakthroughs in AI computing power, communication architecture, and intelligent terminals [1] - The Scale-up super node computing platform was recognized for its ability to integrate heterogeneous resources into a shared system, significantly enhancing the efficiency of large model training [1] Group 3: Industry Insights - Dongwu Securities emphasizes the importance of integrating AI with key industries such as manufacturing, healthcare, transportation, and finance, which are well-positioned to leverage AI for smart transformation [1] - The integration of AI technology is expected to significantly improve total factor productivity and create greater economic and social value [1] Group 4: AI ETF Composition - The AI ETF (515070) tracks the CS AI Theme Index (930713), focusing on companies that provide technology, foundational resources, and applications in the AI sector [2] - The top ten weighted stocks in the ETF include leading domestic technology firms such as Zhongji Xuchuang, Xinyi Technology, and Han's Laser, representing the core of the AI industry chain [2]