人工智能板块确定性较强，科创人工智能ETF国泰（589110）收涨超2%，近10日资金净流入近7亿元 相关机构表示，战略高度带来确定性，大厂持续加码。 2025年海外四大科技公司合计支出4100亿美 元，同比增长67%；2026年谷歌、亚马逊、Meta的资本开支指引均远超市场预期。英伟达电话会也强 调，大厂对Capex投入比任何时间都要高。从战略角度来看，中美科技巨头都会持续在人工智能领域进 行资本开支投入，这是全球科技竞争的战略制高点。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成投 资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品要 素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 （文章来源：每日经济新闻） 科创人工智能ETF国泰（589110）跟踪的是科创AI指数（950180），单日涨跌幅限制达20%，该指数从 科创板选取业务涉及人工智能基础资源、技术及应用支持的上市公司证券作为指数样本，以反映科创板 中 ...

AI产业加速落地，科创算力迎布局良机，资金面看，科创人工智能ETF国泰（589110）近期获大额净申 购，资金逆势流入迹象显著，今日盘中涨近2%。 券商指出，2026年为AI商业化落地关键年，大模型迭代、智能体应用爆发、国产算力自主可控进程提 速，叠加政策支持与产业景气上行，科创板AI企业具备高研发壁垒与成长弹性，板块估值与业绩双击 可期。 科创人工智能ETF国泰（589110）跟踪科创AI指数（950180），从科创板精选30家布局AI基础资源、技 术研发与应用落地的优质企业，覆盖算力硬件、核心软件、行业解决方案等关键环节，精准把握科创板 AI赛道成长红利，弹性突出。 （文章来源：每日经济新闻） ...

风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 东海证券指出，1月半导体行业持续回暖，价格延续上涨趋势。全球半导体需求持续改善，AI服务器与 新能源车保持高速增长，PC、智能手机保持小幅增长，TWS耳机、可穿戴腕式设备、智能家居快速增 长。尽管企业库存水位较高，但AI带来的部分细分市场需求高增，使得上游晶圆代工厂有所提价。存 储价格持续上涨，DRAM和NAND Flash在内的存储器产业产值逐年创高。海外头部CSP厂商资本开支 同比高增，AI仍是未来很长一段时间内的主线叙事。整体看，半导体2月供需格局预计将继续向好。 科创人工智能ETF国泰（589110）跟踪的是科创AI指数（950180），单日涨跌幅限制达20%，该指数从 科创板市场中选取30只市值较大、涉及人工智能基础资源、技术及应用支持的上市公司证券作为指 ...

Group 1 - TSMC is expected to achieve record growth in 2025 driven by AI and advanced process technologies, with a significant increase in capital expenditure to $52-56 billion in 2026, exceeding market expectations [1] - The increase in capital expenditure aims to accelerate the construction of advanced process capacity to meet the ongoing global demand for AI computing power [1] Group 2 - The Cathay Innovation AI ETF (589110) tracks the Innovation AI Index (950180), which has a daily price fluctuation limit of 20% [1] - The index selects 30 listed companies from the Sci-Tech Innovation Board that cover AI foundational resources, core technology R&D, and industry application, reflecting the overall performance of enterprises in the AI sector [1]

Core Viewpoint - Intel and AMD have raised server CPU prices by 10% to 15% due to supply-demand imbalance, positively impacting the computing chip sector and leading to a surge in related ETFs [1] Group 1: Market Impact - The integrated circuit ETF (159546) increased by 5.23%, the chip ETF (512760) rose by 4.23%, and other related ETFs also saw significant gains [2] - The demand for data center server CPUs is expanding, driven by the rise of generative AI and the need for cloud vendors to upgrade their server architectures [3][4] Group 2: AI and Semiconductor Growth - The global semiconductor market is expected to reach a historical high of $700.9 billion in 2025, with a projected growth of 11% year-on-year [5] - AI is identified as the core growth engine for the semiconductor industry, with AI-related semiconductor revenue expected to increase from less than 10% to 48% by 2030 [6] Group 3: Domestic CPU Development - Domestic next-generation server CPUs are being successfully deployed in various sectors, with improvements in performance and software compatibility [4] - The market share of domestic server CPUs is anticipated to grow due to increasing demand and supportive policies [4]

Group 1 - The core viewpoint of the news highlights the strong demand for AI hardware, which has led to a significant increase in the performance of the Cathay Innovation AI ETF (589110), rising over 6% on January 12 [1] - The electronic and semiconductor industries are currently experiencing a global technology cycle, with AI hardware demand being driven by factors such as the expansion of AI computing power, data center growth, and the electronic upgrade of smart vehicles [1] - The semiconductor industry has been in an upward cycle for over 9 quarters since Q1 2023, driven by GPUs and generative AI, with this cycle's duration and intensity surpassing previous cycles driven by consumer electronics [1] Group 2 - Despite potential deceleration in growth due to high base effects, the industry has not yet shown signs of a turning point, and the marginal change in profit growth (ΔG) remains robust [1] - AI hardware is expected to maintain its strength in a valuation bull market, supported by a favorable environment of liquidity, policy support, and high industry prosperity [1] - The commercialization of AI applications is accelerating due to a fourfold resonance of policy, demand, ecosystem, and capital, transitioning from computing infrastructure to practical scenarios, demonstrating resilience independent of overseas markets [1] Group 3 - The Cathay Innovation AI ETF (589110) tracks the Innovation AI Index (950180), which has a daily price fluctuation limit of 20% and includes 30 listed companies from the Sci-Tech Innovation Board that cover AI foundational resources, core technology R&D, and industry application [2]

Market Performance - The Shanghai Composite Index experienced a rise of 0.75%, while the Shenzhen Component Index increased by 1.31% and the ChiNext Index rose by 1.17%. The total trading volume in the Shanghai and Shenzhen markets reached 2.31 trillion yuan, an increase of 245.5 billion yuan compared to the previous trading day [1]. Upward Factors Analysis - The GEO (Generative Engine Optimization) concept is gaining traction, with Gartner predicting that by 2026, approximately 25% of global traditional search engine traffic will shift to AI tools. The global GEO market is expected to reach $11.2 billion by 2025 and could reach $100 billion by 2030, indicating a significant growth opportunity for advertising agencies [3]. - In the AI healthcare sector, OpenAI announced the integration of a health dialogue feature, ChatGPT Health, which allows users to engage in health-related conversations in a separate environment. This feature connects with various health applications, enhancing real-time health services [4]. - There are rumors that a domestic large model manufacturer may release a new model before the Spring Festival, although the authenticity is uncertain. The domestic AI algorithm and talent pool is strong, and the supply of computing power is expected to improve [4]. Market Outlook - AI is anticipated to remain a continuous technological focus, with a necessary shift from hardware to software. The performance gap between North American and domestic AI models is expected to narrow as domestic computing power supply constraints ease [5]. - As of January 10, 2026, the software ETF's P/E ratio (PETTM) stands at 260.07, placing it in the 94.84 percentile since its inception. However, the absolute growth rates for the software ETF in 2024 and 2025 are projected to be only 1.82% and 14.43%, respectively. The software industry is expected to recover due to macroeconomic improvements and AI model advancements, presenting potential investment value in software ETFs [5].

Group 1 - The core viewpoint is that the semiconductor industry is experiencing a recovery, driven by rising prices and improving global demand, particularly in sectors like PCs, smartphones, and AI-related technologies [1] - The demand for semiconductors is expected to continue improving, with specific growth in TWS headphones, wearable devices, smart home products, AI servers, and new energy vehicles [1] - Despite high inventory levels, the demand from AI-driven markets is leading to price increases from upstream wafer foundries, indicating a positive supply-demand outlook for January [1] Group 2 - The Guotai Innovation AI ETF (589110) tracks the Innovation AI Index (950180), which includes 30 companies from the Sci-Tech Innovation Board that focus on AI foundational resources, core technology R&D, and industry applications [2] - The index has a daily price fluctuation limit of 20%, reflecting the overall performance of companies in the AI sector on the Sci-Tech Innovation Board [2]

Group 1 - The core viewpoint of the article highlights the significant rise of the Guotai Science and Technology Artificial Intelligence ETF (589110), which increased by over 2.4%, driven by the focus on semiconductor localization and 3D printing applications [1] - According to Fangzheng Securities, the "14th Five-Year Plan" accelerates the self-sufficiency of semiconductors, indicating a rapid development period for the entire advanced manufacturing industry chain [1] - There is a notable gap between domestic storage capacity and global leaders, necessitating sufficient capacity to ensure a stable supply system [1] Group 2 - Domestic semiconductors are expected to improve their localization rate as they undergo multiple rounds of joint research, validation testing, and small-scale production, particularly as end customers expand their production [1] - The Guotai Science and Technology Artificial Intelligence ETF tracks the Science and Technology AI Index (950180), which has a daily price fluctuation limit of 20% and selects 30 large-cap AI-related listed companies from the Sci-Tech Innovation Board [1] - The index has a high concentration and a clear theme, focusing on hard technology fields such as semiconductors, making it suitable as an aggressive investment tool [1]

Group 1 - The global semiconductor market is projected to reach $208 billion by Q3 2025, marking the first time it surpasses the $200 billion threshold, with a quarter-on-quarter growth of 15.8%, the highest since 2009 [1] - The demand for computing power driven by the AI wave is expected to significantly increase the value in segments such as servers, AI chips, optical chips, storage, and PCBs [1] - Over the next three years, "advanced process expansion" will become a key focus for self-controlled development, with continuous advancements in domestic equipment and processes [1] Group 2 - The Guotai Science and Technology Artificial Intelligence ETF (589110) tracks the Science and Technology AI Index (950180), which has a daily fluctuation of 20% [1] - The index selects 30 listed companies related to the AI theme from the Sci-Tech Innovation Board to reflect the overall performance of securities in this field [1]