近日，国内外AI应用迎来多项重磅进展，产品创新与技术突破持续落地：阿里正式发布千问旗舰推理 模型Qwen3-Max-Thinking，创下数项权威评测全球新纪录，性能可媲美GPT-5.2、Gemini 3 Pro，成为目 前最接近国际顶尖水平的国内最强AI大模型，千问App也即将接入该新模型，面向所有用户开放免费体 验；百度旗下文心App的"多人、多Agent"群聊功能也开启新一轮内测，进一步丰富AI交互形态。此 外，AI助手Clawdbot近期在海外科技圈迅速爆火，成为现象级产品，这款可24小时自动运行的AI助手， 能够完成信息处理、网页浏览，并主动通过通讯工具与用户互动，被视作未来智能体网络的雏形。 截至2026年1月29日 10:59，创业板人工智能ETF南方(159382)一度冲高涨近4%，现涨2.80%， 冲击4连 涨。盘中换手4.06%，成交9461.84万元。跟踪指数创业板人工智能指数成分股蓝色光标上涨17.83%，易 点天下上涨13.96%，中文在线上涨10.59%，昆仑万维，网宿科技等个股跟涨。 创业板人工智能ETF南方(159382)紧密跟踪创业板人工智能指数，创业板人工智能指数反映创业板 ...

Group 1 - The Southern ChiNext AI ETF (159382) has seen a rise of over 2%, currently up 1.51%, indicating a potential three-day increase with a turnover of 2.69% and a transaction volume of 63.45 million yuan [1] - The ChiNext AI Index, which the ETF tracks, has seen significant gains in constituent stocks, with NetEase Technology up 17.06%, Taicheng Light up 11.97%, and Beijing Junzheng up 6.91% [1] - DeepSeek released a paper on January 27, introducing the DeepSeek-OCR 2 model, which utilizes the innovative DeepEncoder V2 method, achieving a score of 91.09% in the OmniDocBench v1.5 benchmark, a 3.73% improvement over its predecessor [1] Group 2 - Alibaba launched the Qwen3-Max-Thinking model on January 26, which shows significant improvements in various dimensions and competes with top models like GPT-5.2-Thinking and Claude-Opus-4.5 [2] - NVIDIA and CoreWeave announced an expanded partnership to accelerate the construction of AI data centers, with NVIDIA investing $2 billion to help CoreWeave build over 5 gigawatts of AI data centers by 2030 [2] - CITIC Securities predicts continued growth in the pre-computing power sector through 2025, driven by ongoing capital expenditures from major CSPs and structural highlights in AI applications across finance, healthcare, and data sectors [2] Group 3 - The Southern ChiNext AI ETF closely tracks the ChiNext AI Index, which reflects the stock price changes of listed companies related to the AI theme on the ChiNext board [3] - The top ten weighted stocks in the index include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and others, indicating a diverse portfolio within the AI sector [3] Group 4 - The Southern ChiNext AI ETF has an off-market connection with classes A (024725) and C (024726) [4]

消息面上，2026年春节未至，互联网巨头围绕AI赛道的流量入口争夺战已全面打响，腾讯、百度、字 节跳动等头部玩家纷纷砸下重金，以春节红包、春晚合作、特色AI玩法为抓手，借节日流量红利加速C 端AI应用的用户渗透与生态布局，掀起新一轮AI流量入口争夺热潮。 政策利好方面，我国将出台应对人工智能影响促就业文件。从人力资源社会保障部了解到，我国将实施 稳岗扩容提质行动，推出重点行业就业支持举措，出台应对人工智能影响促就业文件。强化重点群体就 业支持，印发高校毕业生等青年就业文件，出台统筹城乡就业体系意见，建立常态化防止返贫致贫就业 帮扶机制。 创业板人工智能ETF南方(159382)紧密跟踪创业板人工智能指数，创业板人工智能指数反映创业板人工 智能主题相关上市公司的股价变化情况。指数前十大权重股分别为中际旭创、新易盛、天孚通信、蓝色 光标、协创数据、同花顺、润和软件、北京君正、润泽科技、昆仑万维。 截至2026年1月27日 10:39，创业板人工智能ETF南方(159382)上涨3.01%，盘中换手3.64%，成交8390.82 万元。跟踪指数创业板人工智能指数成分股天孚通信上涨11.25%，协创数据上涨10.46 ...

Core Viewpoint - The recent developments in the AI sector, particularly in the context of the Chinese market, indicate a significant upward trend in AI-related investments and technological advancements, driven by government initiatives and corporate collaborations. Group 1: Market Performance - The Southern AI ETF (159382) rose by 3.65% with a turnover of 11% and a transaction volume of 236 million yuan, indicating active market trading [1] - The components of the ChiNext AI Index showed substantial gains, with Yidian Tianxia up 17.47%, Zhongwen Online up 13.72%, and Yihualu up 12.44% [1] Group 2: Government Initiatives - The Ministry of Industry and Information Technology released the "Action Plan for Promoting High-Quality Development of Industrial Internet Platforms (2026-2028)", emphasizing the integration of AI into industrial applications [1] - The plan aims to enhance AI literacy and skills among platform enterprises and promote AI applications in various industrial scenarios [1] Group 3: Corporate Developments - Zhiyun announced a collaboration with Huawei to open-source a new generation image generation model, GLM-Image, which is trained entirely on domestic chips [1] - The model utilizes an innovative "autoregressive + diffusion decoder" hybrid architecture for combined image generation and language modeling [1] Group 4: Global AI Infrastructure - The global AI computing platform capabilities are continuously improving, with NVIDIA launching the mass-produced NVIDIARubin platform and AMD unveiling the "Helios" platform [2] - This trend aligns with the ongoing upgrades of large models, which are expected to drive the growth of the AI industry [2] Group 5: AI Application Commercialization - The AI industry is experiencing continuous catalysis, with significant commercial potential in AI applications, particularly in generative search (GEO) [2] - AI is not only enhancing cost efficiency but also providing unique interactive experiences for users, especially in gaming and content sectors [2] Group 6: Index Composition - The Southern AI ETF closely tracks the ChiNext AI Index, which reflects the stock price changes of AI-related listed companies [2] - The top ten weighted stocks in the index include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and others [2]

截至2026年1月9日午间收盘，创业板人工智能ETF南方(159382)一度涨近2%，现涨1.20%，换手3.81%， 成交6817.26万元。跟踪指数创业板人工智能指数成分股易点天下上涨20.00%，润泽科技上涨15.32%， 航宇微上涨9.27%，奥飞数据，蓝色光标等个股跟涨。 消息面上，1月7日，工业和信息化部等八部门联合印发《"人工智能+制造"专项行动实施意见》。《意 见》提出的目标是，到2027年，我国人工智能关键核心技术实现安全可靠供给，产业规模和赋能水平稳 居世界前列。推动3-5个通用大模型在制造业深度应用，形成特色化、全覆盖的行业大模型，推出1000 个高水平工业智能体，打造100个工业领域高质量数据集，推广500个典型应用场景。培育2-3家具有全 球影响力的生态主导型企业和一批专精特新中小企业，打造一批"懂智能、熟行业"的赋能应用服务商， 选树1000家标杆企业。建成全球领先的开源开放生态，安全治理能力全面提升，为人工智能发展贡献中 国方案。 AI技术正加速向制造业渗透，推动产业由"数字化"迈向"智能化"。银河证券指出，"人工智能+制造"专 项行动的实施标志着政策重心转向大模型、智能体等先进 ...

Core Viewpoint - The AI hardware sector continues to rise, with significant gains in stocks like New Yisheng, driven by news related to Google and the demand for AI-related infrastructure [1] Group 1: Market Performance - New Yisheng's stock surged by 7%, contributing to a 2.9% increase in the Southern AI ETF (159382), which has seen a cumulative rise of 11.72% [1] - The Southern AI ETF has experienced a net inflow of 3.476 billion since October 29, despite a 12% pullback during the same period [1] Group 2: Company News - Zhongji Xuchuang is reported to be a supplier of optical modules for Google, although specific details about the collaboration remain undisclosed [1] - The AI hardware sector is experiencing a resurgence, particularly in the optical module segment, influenced by Google's new TPU narrative [1] Group 3: Industry Insights - The Southern AI ETF's components related to Google account for 48% of its total weight, with optical module stocks making up 54% of the AI index, indicating a strong focus on CPO giants [1] - According to Dongwu Securities, large companies with comprehensive AI capabilities and self-developed computing power solutions have distinct advantages in various application scenarios, highlighting a robust demand for computing power in the current AI landscape [1]

Group 1: Market Performance - The ChiNext AI ETF (Southern, 159382) increased by 1.33% with a transaction volume of 18.4353 million yuan as of November 24, 2025 [1] - The ChiNext AI Index rose by 1.41%, with significant gains from constituent stocks such as Guangku Technology (+14.30%), BlueFocus (+6.14%), and Changxin Bochuang (+5.27%) [1] - Over the past week, the ChiNext AI ETF saw a scale increase of 365 million yuan, reaching a new high of 2.085 billion shares [1] Group 2: Fund Flows - The latest net inflow for the ChiNext AI ETF was 130 million yuan, with net inflows recorded on 4 out of the last 5 trading days, totaling 1.396 billion yuan [1] Group 3: AI Industry Developments - Google's new multimodal AI model, Gemini 3 Pro Image, was released, enhancing transparency in AI content generation with improved digital watermark verification [2] - The release of Gemini 3 signifies a shift in focus from underlying computing power to high-frequency application deployment in the AI sector [2] - Nvidia's strong performance indicates that the implementation of AI applications is driving explosive growth in the industry chain, providing long-term support for AI investments [2][3] Group 4: PCB Industry Opportunities - Citic Securities highlighted that the AI industry is in an accelerated growth phase, with PCB as a key upgrade segment for AI chips, recommending focus on leading firms in the AI PCB sector [3] - The top ten weighted stocks in the ChiNext AI Index include companies like Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication, reflecting the performance of AI-related listed companies [3]

Core Viewpoint - The AI hardware sector is experiencing a rebound, driven by strong demand for computing power and related hardware, as evidenced by the performance of key companies and recent contracts in the industry [1] Group 1: Market Performance - The AI hardware sector saw a rebound with companies like Guangku Technology, Ruijie Networks, and Xiechuang Data all rising over 4%, contributing to a more than 2% increase in the Southern AI ETF (159382) during intraday trading [1] - North America's four major CSP manufacturers have raised their capital expenditure plans for the year, indicating sustained demand for computing hardware and an increase in optical module demand [1] Group 2: Company Performance - Hon Hai, a server manufacturer for NVIDIA, reported a year-on-year revenue growth of 11.3% in October, continuing its growth momentum driven by strong demand for AI accelerators [1] - First Shanghai Securities believes that the fluctuations in the third-quarter performance of domestic computing power leaders are a one-time event, with supply chains addressing raw material shortages and customer delivery schedules not affecting the high demand [1] Group 3: Industry Contracts - Amazon has signed a $38 billion computing power contract with OpenAI, highlighting significant investment in AI infrastructure [1] Group 4: Index Composition - The Southern AI ETF (159382) tracks an index with over 50% weight in the three major CPO giants, indicating a high concentration of CPO content in the AI index [1]

Core Viewpoint - The AI hardware sector is experiencing a rebound, driven by strong demand for computing power and significant investments from major players in the industry [1] Group 1: Market Performance - Companies such as Guangku Technology, Ruijie Networks, and Xiechuang Data have all seen stock increases of over 4%, contributing to a more than 2% rise in the Southern AI ETF (159382) during intraday trading [1] - The North American top four CSP manufacturers have raised their capital expenditure plans for the year, indicating sustained demand for computing hardware and an increase in optical module demand [1] Group 2: Company Performance - Hon Hai, a server manufacturer for NVIDIA, reported an 11.3% year-on-year revenue growth in October, continuing its growth momentum driven by strong demand for AI accelerators [1] - Amazon has signed a significant $38 billion computing power deal with OpenAI, highlighting the increasing investment in AI infrastructure [1] Group 3: Industry Outlook - First Shanghai Securities believes that the fluctuations in the third-quarter performance of domestic computing leaders are a one-time event, with supply chains addressing raw material shortages [1] - Despite the volatility in customer delivery schedules, the high demand remains intact, and the short-term performance fluctuations do not alter the positive outlook for computing hardware in the coming years [1] - The Southern AI ETF (159382) tracks an index with over 50% weight in the three major CPO giants, indicating a high concentration of CPO in the AI index [1]

Core Viewpoint - The Southern Entrepreneurial Board Artificial Intelligence ETF (159382) has shown significant growth, reflecting strong performance in the AI sector, driven by advancements in 5G and industrial internet integration [1][2]. Group 1: ETF Performance - The Southern Entrepreneurial Board Artificial Intelligence ETF (159382) rose over 3% at one point, currently up 2.63%, with a trading volume of 13.61 million yuan [1]. - Over the past week, the ETF has accumulated a rise of 13.98% as of October 24, 2025 [1]. - Key constituent stocks such as Xinyisheng, Guangku Technology, and Xiechuang Data have seen significant increases, with gains of 4.91%, 4.84%, and 4.61% respectively [1]. Group 2: Industry Developments - A recent seminar in Shenzhen focused on the development of 5G factories, with the Ministry of Industry and Information Technology emphasizing the promotion of the "5G + Industrial Internet" initiative [1]. - The initiative aims to accelerate the integration of new technologies like 5G, AI, and computing power into industrial applications, enhancing the scale and quality of 5G factories [1]. - The "14th Five-Year Plan" highlights the importance of building a modern industrial system with a focus on intelligent and green manufacturing, positioning smart manufacturing as a key future industry axis [2]. Group 3: AI Market Insights - According to Zhongyin Securities, the level of technological self-reliance is expected to significantly increase, providing long-term support for strategic emerging industries such as AI and high-end manufacturing [2]. - Guojin Securities notes that AI is transitioning from training to inference phases, with accelerated deployment in enterprises and the growing value of edge nodes and interconnectivity [2]. - The Southern Entrepreneurial Board Artificial Intelligence Index reflects the stock price changes of companies related to the AI theme, with top-weighted stocks including Zhongji Xuchuang, Xinyisheng, and Tianfu Communication [2].