每日经济新闻 长城证券指出，全球AI浪潮推动算力需求指数级增长，国产大模型加速迭代将进一步带动算力自主化需求攀升。在国产算力 基础设施持续完善、AI芯片技术不断突破的背景下，算力产业链有望迎来广阔发展空间。 人工智能ETF科创（588760）依托科创板定位，聚焦国产替代与技术创新主线，为投资者提供布局人工智能核心资产的便捷 工具。场外投资者可通过联接基金（A类024245；C类024246）参与，把握人工智能产业发展红利。 | 指数代码 | 指数名称 | 申万二级第一大 行业(及权重) | 近1年涨跌幅 | 近1年最大回撤 | Sharpe (年化) | | --- | --- | --- | --- | --- | --- | | 950180.CSI | 科创板人工智能 | 半导体 (47.8%) | 147% | -25% | 3.85 | | 000699.SH | 科创200 | 半导体 (21.2%) | 123% | -23% | 3.69 | | 970070.CNI | 创业板人工智能 | 通讯设备(44.3%) | 157% | -32% | 3.64 | | 000690.SH | 科创 ...

Group 1: Market Overview and Investment Direction - The market is focusing on investment directions for the third quarter, with expectations of a liquidity-driven market if the Federal Reserve lowers interest rates in July and the People's Bank of China follows suit [1] - The sectors of artificial intelligence and military industry are highlighted as key areas for structural opportunities in the third quarter [1] Group 2: Military Industry Insights - The military industry has shown strong performance, with the China Securities Military Index rising over 22% since its low on April 8 [1] - The leading military ETF (512680) has seen a net inflow of 1.458 billion yuan over the past seven weeks, reaching a total scale of over 5.4 billion yuan, making it the only ETF in its category with continuous inflows [1] - Analysts predict a dual recovery in fundamentals and valuations for the military industry, driven by geopolitical factors and a clear trend of order recovery [1] Group 3: Artificial Intelligence Sector Analysis - The AI ETF (588760) closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, with the top three sub-industries being semiconductors (50.7%), IT services (14.1%), and software development (9.1%) [2] - The AI index has shown a significant one-year increase of 65.7%, with a maximum drawdown of -25.4% and a Sharpe ratio of 1.78, outperforming other AI indices [2][3] - The investment in the AI ETF has been substantial, with continuous buying over the first four months of the year, totaling 12.36 million shares in February alone [2]

Group 1 - The core viewpoint of the articles highlights the strong performance of AI applications and the semiconductor industry, with the AI ETF (588760) gaining attention due to its large scale and liquidity [1][2] - Nvidia's CEO Jensen Huang stated that DeepSeek will increase AI computing demand by 100 to 1000 times, predicting that China's AI market will reach $50 billion by 2026 [1] - The AI ETF closely tracks the Shanghai Stock Exchange's AI index, which includes 30 large-cap companies providing resources, technology, and application support for the AI industry, with the top three sectors being semiconductors (53.1%), IT services (16.4%), and software development (10.3%) [1] Group 2 - As of May 21, the AI ETF (588760) has over 2.5 billion shares and a total size of 1.43 billion yuan, with over 2 billion yuan bought in the last four months [2] - The ETF has shown a daily tracking error of 0.0126% since March, ranking first among its peers in tracking error control [2] - Industry analysts believe that the continuous improvement of domestic large models is narrowing the gap with top global models, and 2025 is expected to be a breakout year for AI applications [2]