Group 1 - Huawei has launched new super nodes and multiple Ascend series chips, with the Ascend 950-based super node expected to be the strongest globally, surpassing NVIDIA's NVL576 system set to release in 2027 [1] - The Ascend 960-based super node is also scheduled for release in Q4 2027, promising substantial computing power [1] - Huawei introduced its self-developed low-cost HBM, supporting more precision formats like FP8, and announced the "Lingqu" interconnection protocol for super nodes, capable of forming clusters of over 500,000 cards [1] Group 2 - The first quantum computing company in China, Benyuan Quantum, has initiated an IPO, focusing on building self-controlled engineering quantum computers with a full-stack layout covering quantum chips and quantum computing measurement and control integrated machines [1] - NVIDIA plans to invest $5 billion in Intel, while Microsoft is investing $7.3 billion to create the "world's strongest AI data center," indicating a sustained high demand for global computing power investments, with AI applications expected to accelerate benefits [1] Group 3 - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in system software, application software development, and related services to reflect the overall performance of the software industry [1] - The index focuses on companies with outstanding technological innovation capabilities and high market share, characterized by significant growth and volatility [1] - Investors without stock accounts can consider the Guotai CSI Software ETF Connect A (012636) and Guotai CSI Software ETF Connect C (012637) [1]

Group 1 - The AI industry is experiencing a trend driven by the resonance of policy and technology, with Huawei's HarmonyOS terminal count surpassing 10 million [1] - Major applications like Taobao are expected to complete HarmonyOS adaptation by the end of September, and Tencent has migrated over 50 products to HarmonyOS, indicating strong native intelligence performance [1] - The release of DeepSeek-V3.1, which utilizes a hybrid inference architecture and UE8M0 FP8 parameter precision, is expected to enhance the domestic AI ecosystem by improving performance and compatibility with domestic chip designs [1] Group 2 - The computer industry is showing strong performance, with promising prospects for AI computing power and applications, driven by improvements in leading large model performance and domestic computing power adaptation [1] - The implementation of stablecoin regulations is fostering innovation in the industry, contributing to a high level of activity in the capital markets [1] - The Software ETF (code: 515230) tracks the software index (code: H30202), which reflects the overall performance of listed companies in the software development and IT services sectors in the A-share market [1]

Group 1 - The core viewpoint is that artificial intelligence (AI) is significantly transforming the computer and software development industry, moving the software sector from technology validation to large-scale application [1] - By 2030, the Chinese software market is expected to exceed 3.5 trillion yuan, with a compound annual growth rate (CAGR) of 8%, driven by the acceleration of the digital economy and the demand for enterprise digital transformation [1] - AI enhances software development efficiency by 20%-30% through automatic code generation, vulnerability detection, and performance optimization [1] Group 2 - In the financial sector, AI applications are expanding from intelligent customer service to core business areas such as credit approval and wealth management, with fintech investment expected to exceed 580 billion yuan by 2027, and generative AI budget accounting for 30%-39% [1] - The smart transportation market is projected to reach 287.1 billion yuan by 2025, driven by national policy, with the industry chain accelerating intelligent upgrades across various segments including chips and system integration [1] - Consumer-facing AI products are experiencing explosive growth through e-commerce operations and supply chain optimization, positioning AI e-commerce as a core driver of industry transformation [1]

Group 1 - The AI industry chain, smart driving, domestic substitution, and overseas expansion are experiencing relatively better prosperity, benefiting from base effects, efficiency improvements, and cost savings enabled by AI, with performance expected to surpass revenue growth in the second half of the year [1] - Significant progress in AI implementation is anticipated, with a projected exponential growth in the second half of the year, particularly in areas such as edge AI hardware, consumer software for overseas markets, enterprise services, manufacturing information technology, and private deployment of large models for government [1] - High prosperity is maintained in sub-sectors like AI computing power and LiDAR, while AI applications are accelerating upward; stable growth is observed in software outsourcing, financial IT, and quantum computing, with upward turning points in education IT and cybersecurity [1] Group 2 - The software ETF (515230) tracks the software index (H30202), reflecting the overall performance of publicly listed companies in the software industry, covering various software development, services, and related technology providers, with a focus on high growth and innovation characteristics in the information technology sector [1] - Investors without stock accounts can consider the Guotai Zhongzheng All Index Software ETF Connect A (012636) and Connect C (012637) [1]

Group 1 - The release of GPT-5 signifies a notable enhancement in the practicality of AI technology, with its hallucination rate reduced by approximately 45% compared to GPT-4o [1] - The programming capabilities of GPT-5 have been optimized to support multiple tool calls and autonomous error correction, while text generation has become more human-like, and context processing can handle a length of 400k tokens [1] - The cost of reasoning has decreased beyond expectations, and the competitive pricing of the API provides strong support for the large-scale application of AI technology in software development and other industrial scenarios [1] Group 2 - The Ministry of Industry and Information Technology is promoting the development of brain-computer interface technology, aiming for breakthroughs in key technologies by 2027, with accelerated application in industrial manufacturing and other fields [1] - The World Robot Conference showcased embodied intelligence applications across various sectors, including industrial manufacturing and healthcare, indicating a continuous acceleration in AI application deployment [1] - The software ETF (515230) tracks the software index (H30202), which reflects the overall performance of publicly listed companies in the software and information technology services industry, focusing on technological innovation and high growth potential [1]

Group 1 - The software ETF (515230) rose over 1.3% on August 11, indicating positive market sentiment towards the software sector [1] - Debon Securities highlighted that the explosive growth in token processing for large models may lead to a gradual closure of AI business models, with domestic computing power demand expected to rise further [1] - Major overseas companies are experiencing simultaneous growth in performance and capital expenditure, with the computing power industry chain maintaining high prosperity, as companies significantly increase investments in AI infrastructure [1] Group 2 - Meta plans to increase its capital expenditure to between $66 billion and $72 billion by 2025, reflecting the industry's focus on enhancing computing power [1] - The upgrade in computing power is driving improvements in chip bandwidth density and energy consumption density, with liquid cooling and higher-spec optical modules entering a phase of significant performance growth [1] - Domestic policies are supporting AI development, with the "Artificial Intelligence +" initiative approved by the State Council and local governments implementing measures such as issuing computing power vouchers in Shanghai [1] Group 3 - The security issues surrounding Nvidia's computing power chips have accelerated the push for domestic alternatives, with the National Cyberspace Administration having discussions with Nvidia regarding vulnerability risks [1] - The industry is experiencing strong growth driven by technological iterations, policy support, and domestic substitution [1] - The software ETF (515230) tracks the software index (H30202), which selects listed companies involved in application software, system software, and technical services to reflect the overall performance of the software industry [1]

Group 1 - The core viewpoint is that AIGC has led to a significant increase in the valuations of global technology companies, with the release of ChatGPT sparking a generative AI boom that has driven the total market capitalization of the six major U.S. tech companies up by $10.9 trillion [1] - Nvidia, as an AI chip manufacturer, has seen the most notable market capitalization increase, with a rise of over 950% [1] - Valuations of overseas AI companies have rapidly increased, with OpenAI's valuation increasing tenfold in two years [1] Group 2 - In the AI infrastructure sector, CoreWeave has become a core supplier of computing power services through deep integration with Nvidia, reaching a peak market capitalization of nearly $90 billion [1] - In the data services sector, Scale AI has become the largest data labeling company globally, acquired by Meta for over $29 billion [1] - In the AI applications sector, companies like Figma, Perplexity AI, and Tempus AI have achieved significant success in design software, search engines, and healthcare, leading to notable valuation increases [1] Group 3 - The software ETF (515230) tracks the software index (H30202), which selects publicly listed companies involved in software development, sales, and services, reflecting the overall performance of the software industry [1] - The index includes companies from various fields such as operating systems, application software, and internet services, showcasing high growth and innovation [1]

国金证券指出，2025年计算机与软件开发行业细分领域景气度分化明显：AI算力、激光雷达赛道 维持高景气，AI应用呈现加速向上态势；软件外包、金融IT、量子计算、数据要素、EDA、出海、信 创等赛道稳健向上；教育IT、网安、企业服务进入拐点向上阶段；智慧交通、政务IT、安防、建筑地产 IT处于底部企稳期。AI产业链成为核心主线，上半年落地进展显著，下半年预计环比实现倍数增长，利 润端受益于AI降本增效或优于收入表现。数据要素领域通过RDA模式推动产业落地，量子计算与AI融 合趋势显著，信创受国产化需求驱动上半年中标金额同比激增78%。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供 ...

Group 1 - The software ETF (515230) increased by over 1% on July 29, indicating positive market sentiment towards the software sector [1] - According to Minsheng Securities, the proportion of holdings in the computer sector for funds is approximately 2.52% as of Q2 2025, showing a slight decrease from the previous quarter and remaining at a historical low [1] - Leading companies in the AI sector are prioritized in holdings, with a notable increase in the financial technology sector [1] Group 2 - The concentration of holdings in the computer industry has decreased, with the number of computer companies among the top ten holdings dropping to 191 from 197 in the previous quarter [1] - The top ten companies by market value account for 60.44% of the holdings, indicating a significant concentration in a few key players [1] - With the support of national industrial policies and the development of the AI industry, there is potential for further increases in AI-focused computer holdings [1] Group 3 - The software ETF (515230) tracks the software index (H30202), which primarily selects securities from companies engaged in software development, sales, and services [1] - The index constituents exhibit significant growth and innovation characteristics, reflecting the overall market performance of publicly listed software companies [1] - Investors without stock accounts can consider the Guotai Zhongzheng All-Index Software ETF Connect A (012636) and C (012637) for exposure to the software sector [1]

Group 1 - The successful hosting of the RISC-V China Summit highlights China's leading position and industrial vitality in the field, with China expected to contribute over half of the global RISC-V shipment volume in 2024, showing significant breakthroughs in high-performance computing, AI, and automotive electronics [1] - On a global scale, RISC-V applications are extending into multiple fields, with an expected shipment volume exceeding 20 billion units by 2031 [1] - The resumption of NVIDIA's H20 exports to China will alleviate losses caused by export restrictions and support the development of the domestic AI computing power industry chain [1] Group 2 - The global first AI agent safety testing standard, AI STR series, fills a gap in the industry and lays a solid safety foundation for the development of the AI agent ecosystem, which is expected to accelerate the implementation of AI development domestically [1] - The software ETF (515230) tracks the software index (H30202), which is compiled by China Securities Index Co., Ltd., selecting listed companies involved in software development and IT services from the A-share market to reflect the overall performance of related listed companies in China's software industry [1] - The software index exhibits significant growth potential and technology-driven characteristics, with industry allocation primarily concentrated in the computer application and service sectors [1]