Core Viewpoint - The A-share market experienced a decline on July 31, with all three major indices falling over 1%, while Huawei-related stocks saw significant gains, indicating a strong market reaction to Huawei's new AI cloud services launch [2] Group 1: Market Performance - On July 31, the A-share market saw a full-day adjustment, with all three major indices dropping more than 1% [2] - *ST Guangdao surged by 29.94%, leading the market, while other stocks like Siquan New Materials, Digital Certification, and Yidian Tianxia all hit the daily limit of 20% [2] - A total of 11 stocks related to Huawei reached their daily limit, showcasing a strong sector performance [2] Group 2: Huawei's New Launch - At the WAIC event, Huawei showcased its 384 super node hardware and the new generation Ascend AI cloud service based on CloudMatrix 384 super nodes [2] - The new AI cloud service is fully operational in data centers located in Wuhu, Gui'an, Ulanqab, and Ling'er [2]

7月28日，截至发稿，三大指数集体翻红。 计算机ETF（159998）盘中走势震荡，截至发稿跌0.53%。溢折率0.06%，频现溢价交易。成分股中，财 富趋势涨超3%，拓维信息、指南针、同花顺、国联股份等股跟涨。 资金流向上看，Wind数据显示，该ETF近2个交易日持续获资金净流入，累计"吸金"超800万元； 截至7月25日，计算机ETF（159998）最新规模36.30亿元，规模续创历史新高，居同标的首位。 此外，截至发稿，云计算ETF沪港深（517390）跌0.23%。值得注意的，该ETF已连涨三日。溢折率 0.16%，频现溢价交易。 计算机ETF（159998）跟踪中证计算机指数（930651.CSI）。该指数以中证全指为样本空间，选取涉及 信息技术服务、应用软件、系统软件、电脑硬件等业务的上市公司股票作为成分股。 云计算ETF沪港深（517390）紧密跟踪中证沪港深云计算产业指数（931470.CSI），同时布局港股的互 联网企业，A股算力企业和A股的计算机龙头。该ETF还配有场外联接基金（A类：019171/C类： 019170）。 消息面上，据证券时报，7月26日，中国移动通信集团有限公司与中国数 ...

Group 1 - Huawei Developer Conference 2025 (HDC 2025) was held in Dongguan from June 20 to 22, where Huawei's Executive Director and CEO of Huawei Cloud, Zhang Pingan, announced the official release of the Pangu Model 5.5, which includes comprehensive upgrades in five foundational models: Natural Language Processing (NLP), Computer Vision (CV), Multimodal, Prediction, and Scientific Computing [1][3] - The new generation Ascend AI cloud service, based on CloudMatrix 384 super nodes, was launched to provide robust computing power for large model applications, showcasing significant advancements in technology [1][3] - The upgraded foundational models and the new Ascend AI cloud service demonstrate a substantial increase in computing efficiency, with the ability to interconnect 384 Ascend NPUs and 192 Kunpeng CPUs, resulting in nearly a fourfold improvement compared to non-super nodes and over 50% enhancement in effective computing utilization (MFU) [3] Group 2 - The Pangu Model 5.5 aims to empower various industries, providing significant new value and facilitating continuous progress across sectors [4][5] - Huawei Cloud's Pangu Model focuses on industry applications, offering enterprises six core capabilities, including foundational and industry-specific models, pre-training and post-training datasets, data engineering tools, model training toolkits, industry-specific evaluation models, and assessment platforms [5] - Over the past year, the Pangu Model has been implemented in more than 30 industries and 500 scenarios, demonstrating its impact in fields such as government, finance, manufacturing, healthcare, mining, steel, railways, autonomous driving, and meteorology [5]