Group 1 - The A-share market showed positive performance on June 16, with the Shanghai Composite Index rising by 0.35% and the ChiNext Index increasing by 0.66%, driven by the surge in themes such as stablecoins, CPO, and AI applications [1] - The CSI Big Data Industry Index (930902) experienced a strong rally, closing up 1.3%, with notable gains in constituent stocks like Hengsheng Electronics, which hit the daily limit, and Shenzhou Information and Tianxia Show, which rose by 5.67% and 5.36% respectively [1] - The Data ETF (516000), which tracks the CSI Big Data Industry Index, also performed well, closing with a gain of 1.46% at a latest price of 0.9 yuan, reflecting the heightened interest in the big data sector [1] Group 2 - Guosheng Securities highlighted that the core driver of the computing power industry comes from the certainty of technological upgrades and the phased verification of performance, with a "high-low cut" trend observed in the optical module sector since the beginning of the year [1] - The "pendulum effect" in the computing power sector reflects the interplay between the certainty of industry trends and market chip dynamics, with a focus on core segments that have strong technological barriers and high order visibility [1] - The Data ETF (516000) serves as a tool for investors to easily allocate to core assets in the big data sector, covering key areas such as data storage devices, analytical technologies, and operational platforms, amidst a backdrop of increasing policy support for the digital economy and accelerated AI technology iterations [2]

Group 1 - The China Securities Big Data Industry Index (930902) has seen a 0.23% increase as of June 11, 2025, with notable gains from companies such as Zhongke Shuguang (up 2.83%) and Xindian Software (up 2.04%) [1] - The Data ETF (516000) has risen by 0.11%, with a recent price of 0.91 yuan, and has accumulated a 2.36% increase over the past week [1] - In terms of liquidity, the Data ETF recorded a turnover of 5.22% with a transaction volume of 25.76 million yuan, and has seen a net inflow of 62.72 million yuan over the last five trading days [1] Group 2 - Changjiang Securities believes that the marketization reform of data elements is entering a "deep water zone," indicating that an industrial turning point may be approaching [2] - The value of data as a new production factor relies on the improvement of circulation mechanisms, with current issues related to data ownership and security compliance still prominent [2] - The Data ETF closely tracks the China Securities Big Data Industry Index, which includes companies involved in big data storage, analysis, and applications, benefiting from policies related to data asset recognition and public data openness [2]