Market Performance - On August 22, the stock market surged, surpassing the 3800-point mark, with the semiconductor equipment ETF (561980) increasing by 8.58%, peaking at over 9% [1] - The trading volume showed significant activity, with a turnover rate of 21.09% and a transaction value exceeding 1.9 billion, representing a 105.10% increase compared to the previous day [1] Company Developments - DeepSeek announced the release of DeepSeek-V3.1 on August 21, which utilizes UE8M0 FP8 Scale parameters, indicating a focus on the upcoming generation of domestic chip designs [1] - The advancements in DeepSeek's model suggest a potential increase in the application of domestic AI chips, contributing to the acceleration of the domestic computing power ecosystem [1] Industry Insights - According to Zheshang Securities, the demand for domestic AI chips is expected to grow, driven by the growth of the AI cloud server industry and the increasing demand for domestic chip localization from local cloud providers [1] - Open Source Securities noted that China's AI chip industry is thriving, with continuous product iterations from companies like Huawei and Cambrian, indicating that domestic computing chips have achieved a level of technological self-sufficiency [1]