消息面上，12月17日，国产GPU第二股沐曦股份上市首日竞价高开568%，单签盈利近30万元，成为A 股全面注册制以来最赚钱新股。方正证券指出，当前AI芯片市场呈现"GPU领跑、ASIC崛起"的态势。 通用型GPU凭借其强大的并行计算能力和成熟的软件生态，在AI训练和推理领域仍占据主导地位，专 用型芯片（ASIC）因其在特定场景下更高的计算效率和能效比，正获得快速发展，出货量增速显著。 中信建投证券指出，AI产业链近期催化不断，比如谷歌新模型性能大幅提升、DeepSeek V3.2正式版发 布、亚马逊发布Trainium3以及摩尔线程上市，展现了AI的良好发展前景。目前，世界正处于AI产业革 命中，类比工业革命，影响深远，需要以更长期的视角、更高的视野去观察。因此，AI带动的算力需 求以及应用场景有望延续乐观预期，持续看好AI算力板块。 人工智能ETF基金紧密跟踪中证人工智能主题指数，中证人工智能主题指数选取50只业务涉及为人工智 能提供基础资源、技术以及应用支持的上市公司证券作为指数样本，以反映人工智能主题上市公司证券 的整体表现。 数据显示，截至2025年11月28日，中证人工智能主题指数(930713) ...

Group 1: Alibaba's Financial Performance - Alibaba reported a revenue of 247.8 billion yuan for Q2 of FY2026, with a year-on-year growth of 15% after excluding the impact of divested businesses [1] - Alibaba Cloud's quarterly revenue accelerated to a year-on-year growth of 34%, reaching a new high [1] - The CEO expressed optimism about the AI industry's development, stating that an AI bubble is unlikely to occur in the next three years [1] Group 2: AI Industry Developments - Tencent launched a new open-source model, HunyuanOCR, which has achieved state-of-the-art performance in various OCR applications [1] - OpenAI anticipates that ChatGPT's paid subscription users will exceed 220 million in five years, potentially generating nearly $200 billion in annual revenue [2] - The AI ETF fund has seen significant inflows, with a total of 24.11 million yuan raised over the past 18 trading days [2] Group 3: Market Trends and Insights - The top ten weighted stocks in the AI index account for 63.29% of the total index, indicating concentrated investment in key players [3] - Institutions like JPMorgan and Goldman Sachs believe that AI demand is still growing exponentially, with supply bottlenecks in key hardware persisting [3] - The AI industry is transitioning from expectations to tangible commercialization, with a positive mid-term outlook despite short-term market volatility [3]