每日经济新闻 有券商表示，最新公布的"十五五"规划明确要加快人工智能等数智技术创新，强化算力、算法、数据等高效供给，全面实施"人 工智能+"行动，全方位赋能千行百业。当下AI大模型的用户渗透率仍较低，大模型发展仍处于中初期阶段，产业化周期才开 始，持续看好包括国内外算力产业链在内的AI算力板块。 AI概念股走高，芯原股份涨超9%，寒武纪-U涨超4%，金山办公涨超3%。 受盘面影响，科创人工智能相关ETF涨约3%。 | 代码 | 名称 | 现价 | | 涨跌 涨跌幅 | | --- | --- | --- | --- | --- | | 289560 | 科创人工智能ETF汇添富 | 1.047 | 0.034 | 3.36% | | 588790 | 科创AIETF | 0.870 | 0.027 | 3.20% | | 589010 | 科创人工智能ETF华夏 | 1.535 | 0.047 | 3.16% | | 588730 | 科创人工智能ETF易方达 | 1.601 | 0.048 | 3.09% | | 588760 | 科创人工智能ETF广发 | 0.823 | 0.025 | 3.13% | ...

Group 1 - The core viewpoint of the news highlights the strong performance of AI-related stocks, with notable increases in companies such as 澜起科技 (Lianqi Technology) rising over 7%, 芯原股份 (Chip Origin) and 金山办公 (Kingsoft Office) both increasing over 5%, and 恒玄科技 (Hengxuan Technology) up over 4% [1] - The AI-related ETFs also showed positive movement, with the 科创AIETF鹏华 (Kechuang AI ETF Penghua) rising by 3.92%, and other ETFs like 科创人工智能ETF汇添富 (Kechuang AI ETF Huitianfu) and 科创人工智能ETF广发 (Kechuang AI ETF Guangfa) increasing by 4.03% and 3.91% respectively [2] - Analysts indicate that the artificial intelligence industry is in a rapid development phase, with continuous technological innovation and expanding application scenarios. Increased policy support and market demand are expected to create new development opportunities for the AI industry chain, particularly in upstream areas such as chips and algorithm frameworks, which are seen as key investment focuses for the future [2]

Market Performance - The A-share market experienced a nine-day rally, with the Shanghai Composite Index rising by 0.31% and the Shenzhen Component Index increasing by 0.03% [1] - The ChiNext Index fell by 0.32%, while the North China 50 Index rose by 0.11% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 1.4078 trillion yuan, a decrease of 57.8 billion yuan compared to the previous day [1] - Over 3,400 stocks in the market declined [1] Sector Performance - Leading sectors included carbon fiber, diversified finance, brain-computer interfaces, non-ferrous metals, CPO, wind power equipment, commercial aerospace, and humanoid robots [1] - Underperforming sectors were food and beverage, retail, batteries, chemicals, and influenza [1] ETF Performance - The non-ferrous metal sector saw gains, with the Dachen Fund Non-Ferrous Metal ETF rising by 2.9% [1] - The oil and gas sector performed well, with the Penghua Fund Oil and Gas ETF and the Jingshun Great Wall Fund Oil and Gas ETF increasing by 2% and 1.92%, respectively [1] - The AI sector showed signs of recovery, with the Kexin AI ETF and the Kexin Artificial Intelligence ETF rising by 2% [1] - The commercial aerospace sector continued its upward trend, with the Satellite ETF from Yifangda increasing by 1.7% [1] Declining ETFs - High-premium Hong Kong stock ETFs saw significant declines, with the Hang Seng ETF for Hong Kong Stock Connect hitting the limit down and the Hong Kong Stock Connect 50 ETF dropping by 7% [1] - The latest premium/discount rates for these ETFs were 5% and 0.27%, respectively [1] - The Hong Kong innovative drug sector declined, with the Hang Seng Innovative Drug ETF falling by 2% and the Hong Kong Stock Connect Innovative Drug ETF decreasing by 1.7% [1] - Power stocks experienced a pullback, with the Green Power ETF and Power ETF both declining by 1.6% [1]

受盘面影响，科创板人工智能相关ETF涨约2%。 有券商表示，展望2026年AI投资，有两大类投资机会：1）算力端围绕龙头确定性、新技术升级方向、本土化产业集群加速以及订单 外溢寻找投资机会；2）以OpenAI为代表的厂商今年都加快了应用商业化，收入快速增长，寻找AI对各行业赋能和改造的投资机会。 每日经济新闻 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 589560 | 科创人工智能ETF汇添富 | 0.945 | 0.019 | 2.05% | | 589110 | 科创人工智能ETF国泰 | 0.910 | 0.018 | 2.02% | | 589380 | 科创AIETF富国 | 1.385 | 0.027 | 1.99% | | 588760 | 人工智能ETF科创 | 0.743 | 0.014 | 1.92% | | 589010 | 科创人工智能ETF华夏 | 1.385 | 0.026 | 1.91% | | 589520 | 科创人工智能ETF华宇 | 0.592 | 0.011 | 1.89% | | 5 ...

Core Insights - The financing net purchase of the Kexin Artificial Intelligence ETF by Huatai Securities reached 761,600 yuan on November 12, 2025, with a financing balance of 5,409,700 yuan, indicating a strong buying sentiment in the market [1][2][3] Financing Activity Summary - On November 12, 2025, the financing net purchase was 761,600 yuan, with a financing balance of 5,409,700 yuan, marking a 16.39% increase from the previous day [2][3] - Over the past three trading days, the cumulative net purchase amounted to 855,400 yuan, with 12 out of the last 20 trading days showing net purchases [1] - The financing balance increased significantly from 72,560 yuan on November 6 to 5,409,700 yuan on November 12, reflecting a strong upward trend in market sentiment [3] Market Sentiment Indicators - The increase in financing balance suggests a strengthening of bullish sentiment in the market, while the absence of short selling activity indicates a lack of bearish sentiment [4]

Group 1: Market Performance - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) rose by 1.26% as of September 25, 2025, with notable increases in constituent stocks such as Hehe Information (688615) up 9.89%, Stone Technology (688169) up 4.88%, and Hengxuan Technology (688608) up 3.99% [1] - The Sci-Tech Artificial Intelligence ETF Huatai (589560) saw a peak increase of over 2%, currently up 1.06%, with a latest price of 1.05 yuan [1] - Over the past week, the Sci-Tech Artificial Intelligence ETF Huatai has accumulated a rise of 2.78%, ranking 2nd out of 9 comparable funds [1] Group 2: AI Investments and Strategies - JD Group announced plans to intensify investments in AI technology, with founder Liu Qiangdong personally leading the JD Exploration Research Institute and recruiting top scientists globally [3] - JD aims to create a trillion-scale AI ecosystem over the next three years, focusing on AI and supply chain sectors, and will open its platform and supply chain data for intelligent enterprise model training and application testing [3] - Alibaba Group's CEO stated that large models represent the next generation of operating systems, with AI cloud being the next computing paradigm, and plans to significantly enhance AI infrastructure with an investment of 380 billion yuan [3] Group 3: Industry Outlook - CMB International noted that the recent Cloud Summit further confirms the growing demand in China's AI and cloud sectors, with trends showing continuous improvement in model capabilities, infrastructure optimization, and a flourishing application ecosystem [4] - Minsheng Securities highlighted that major domestic internet companies are launching cloud expansion strategies and utilizing debt financing to support these initiatives, with Alibaba Cloud aiming to build a global cloud network covering multiple regions [4][5] - The focus on core technologies of the new technological revolution and the potential growth in the AI industry is emphasized, with recommendations to invest in high-growth and high-elasticity funds tracking the AI index [5]

Core Viewpoint - The performance of various ETFs shows a mixed trend, with gaming ETFs experiencing significant gains while AI-focused ETFs face declines [1] Group 1: ETF Performance - The Gaming ETF (159869) increased by 4.57% [1] - The ChiNext New Energy ETF Penghua (159261) rose by 4.34% [1] - The Gaming ETF (516010) also saw a rise of 4.34% [1] - The Sci-Tech AI ETF Huitianfu (589560) decreased by 1.59% [1] - The Sci-Tech AI ETF (588730) fell by 1.58% [1] - The ChiNext AI ETF Dacheng (159242) dropped by 1.56% [1]

Core Insights - The AI industry chain continues to experience explosive growth, with significant increases in the performance of AI-related ETFs, such as the Sci-Tech AI ETF and the Sci-Tech Chip 50 ETF, which saw gains of 2.87% and 2.37% respectively [1][3][6] - Semiconductor stocks are leading the charge, with notable gains from companies like Chip Origin, which surged over 14% following an acquisition announcement [3][6] - The AI sector is being bolstered by strong policy support and increasing demand for AI technologies, with major companies like Oracle and Broadcom reporting substantial revenue growth driven by AI [7][10] ETF Performance - The Sci-Tech AI ETF (589560) opened with a 2.87% increase, reaching a high of 1.010, while the Sci-Tech Chip 50 ETF (588750) rose by 2.37% [1][3] - The top ten components of the Sci-Tech AI ETF include companies like Cambricon and Kingsoft Office, with Cambricon showing a 3.82% increase [3][4] - The Sci-Tech Chip 50 ETF's top performers include Cambricon and Haiguang Information, with Cambricon rising by 3.46% [5][6] Semiconductor Sector Dynamics - Chip Origin's stock price increased by over 14% after announcing plans to acquire a 97% stake in Chip Technology, enhancing its capabilities in CPU core IP [6] - The semiconductor sector is experiencing a demand surge, with AI being a core growth driver, leading to increased investments in AI chips and related technologies [9][10] - Major Chinese tech firms are increasingly relying on self-developed chips for AI model training, reducing dependence on foreign suppliers like NVIDIA [7][10] Policy and Market Trends - Recent policies emphasize the integration of AI across various sectors, signaling a strong commitment to AI as a key driver of economic growth [8] - The AI sector is expected to benefit from a favorable investment environment, with a focus on new technologies and applications in traditional industries [8][9] - Analysts predict that the demand for AI-related infrastructure, such as data centers and GPU clusters, will continue to rise, particularly among leading Chinese cloud service providers [9][10]