12月31日，科技方向集体承压。指数层面，中证人工智能主题指数下跌1.0%，上证科创板人工智能指数下跌0.04%。资金逆势布局，人工智能ETF （159819）全天净申购达5000万份。 回顾2025年，科技方向表现亮眼，人工智能是市场一大主线，CPO、存储芯片、机器人等细分概念轮番活跃，指数层面，人工智能ETF（159819）跟踪的中 证人工智能主题指数年内涨超67%，科创人工智能ETF（588730）跟踪的上证科创板人工智能指数年内涨超50%。 每日经济新闻 ...

今日，AI产业链方向震荡上行。盘面上，半导体硅片、晶圆产业等上游概念涨幅居前。指数层面，中证人工智能主题指数上涨1.3%，上证科创板人工智能 指数上涨1.1%，双双实现"五连阳"。相关ETF获资金关注，科创人工智能ETF（588730）前两个交易日合计净流入达2000万元。 华泰证券认为，人工智能行业正处于快速发展阶段，技术创新和应用场景不断拓展。随着政策支持力度的加大以及市场需求的增长，人工智能产业链将迎来 新的发展机遇。特别是中上游的基础技术领域如芯片、算法框架等，将成为未来投资的重点方向，人工智能的长期投资价值显著。 每日经济新闻 ...

科技方向今日局部活跃，盘面上，服务器、电路板等AI硬件概念涨幅居前。指数层面，中证人工智能主题指数上涨0.2%，上证科创板人工智能指数上涨 0.7%，双双实现"四连阳"。相关ETF中，人工智能ETF（159819）全天成交额超6亿元，较上一交易日小幅放量。 中信建投证券指出，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。 | 令日 | 该指数 该指数自2 | | --- | --- | | 该指数涨跌 | 滚动市销率 发布以来估 | | 0.2% | 5.0倍 96.60 | 每日经济新闻 ...

大盘今日午后回暖，AI产业链题材股多数翻红。盘面上，机器人、卫星航天等概念涨幅居前，指数层面，中证人工智能主题指数上涨0.3%，上证科创板人 工智能指数上涨0.8%，人工智能ETF（159819）今日成交额达5.5亿元。 消息面上，AI领域知名数据分析机构Xsignal发布数据显示：千问App公测仅30天，月活跃用户（MAU）破4000万，周活跃用户（WAU）破1900万。据悉， 千问App于11月17日开启公测，上周，千问App接入高德，打通高德地图、扫街榜等本地生活服务，加速从"能聊天"到"会办事"进化。 每日经济新闻 ...

Core Insights - The market experienced a broad rebound on December 24, with sectors such as military electronics and commercial aerospace leading the gains, while hard technology areas like edge AI, CPO, and semiconductors also saw significant increases [1] Industry Summary - The domestic AI industry is accelerating its capitalization, with companies like Moore Threads and Shanghai Muxi listing on the STAR Market this month, and Wallen Technology passing the Hong Kong Stock Exchange listing hearing [1] - The financing capabilities of leading domestic AI companies are significantly improving, which is expected to drive faster industry development [1] - ByteDance released the Doubao large model 1.8 and Seedance 1.5 pro, while Ant Group announced the upgrade of its AI health application AQ brand to "Antifortune," resulting in a rapid increase in monthly active users [1] - The domestic AI supply chain is expected to maintain high prosperity due to the effects of capital infusion and the competitive dynamics introduced by major players [1] Investment Opportunities - The Artificial Intelligence ETF (159819) tracks the CSI Artificial Intelligence Theme Index, which covers leading companies across various segments of the AI industry chain, with a relatively balanced industry distribution [1] - The Sci-Tech Innovation Artificial Intelligence ETF (588730) tracks the STAR Market Artificial Intelligence Index, focusing on AI companies listed on the STAR Market, with a higher proportion of foundational chips and AI application segments, aiding investors in seizing investment opportunities in the AI wave [1]

科技方向今日集体回调，CPO、光通信、存储器等AI产业链概念跌幅靠前。指数层面，中证人工智能主题指数下跌2.5%，上证科创板人工智能指数下跌 1.7%。相关ETF中，科创人工智能ETF（588730）昨日净流入超2000万元。 中信建投证券指出，AI产业链近期催化不断，比如谷歌新模型性能大幅提升、DeepSeek V3.2正式版发布、亚马逊发布Trainium3以及摩尔线程上市，展现了 AI的良好发展前景。目前，世界正处于AI产业革命中，类比工业革命，影响深远，需要以更长期的视角、更高的视野去观察。因此，AI带动的算力需求以 及应用场景有望延续乐观预期，持续看好AI算力板块。 | 令日 该指数涨跌 | 该指数 该指数自2 滚动市销率 发布以来估 | | --- | --- | | -2.5% | 4.8倍 94.40 | 每日经济新闻 ...

科技方向今日集体回调，CPO、光通信、存储器等AI产业链概念跌幅靠前。指数层面，中证人工智能主题指数下跌2.0%，上证科创板人工智能指数下跌 2.9%。 中信建投证券指出，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。 | 令日 该指数涨跌 | 该指数 该指数自2 滚动市销率 发布以来估 | | --- | --- | | -2.0% | 4.9倍 95.19 | 每日经济新闻 ...

消息面上，OpenAI正式发布GPT-5.2系列模型，迎战谷歌Gemini 3。GPT-5.2是OpenAI迄今最先进的人工 智能模型，针对专业工作场景进行了全面优化，创多个基准测试的行业记录，其中的GPT-5.2 Thinking 刷新了SWE编码能力测试的历史最高分，对AI板块情绪产生提振。 （文章来源：每日经济新闻） 展望后市，中国银河证券认为，"人工智能"连续两年被重要会议强调，确认其作为引领性、颠覆性技术 的战略地位以及我国当下科技与产业融合的主攻方向。对比2024年的提法是"以科技创新引领新质生产 力发展"，更侧重于指明方向，今年的导向更侧重确保科技创新能真正转化为可见、可量化的产业新动 能和产业链竞争力，预计未来政策导向将更侧重于产业增加值、市场份额、龙头企业培育等具体经济指 标。 12月12日午后，A股全线反弹，电网设备、贵金属板块领涨，光刻机、半导体、CPO等AI产业链题材持 续上扬。截至13:55，上证科创板人工智能指数上涨2.4%，中证人工智能主题指数上涨1.4%。 人工智能ETF（159819）跟踪的中证人工智能主题指数覆盖AI产业链各细分环节龙头，行业分布相对均 衡；科创人工智能ET ...

A股科技方向午后表现突出，AI算力产业链领涨。截至14:17，科创板50指数上涨1.7%，上证科创板人 工智能指数上涨2.5%。相关ETF交投活跃，其中科创板50ETF（588080）成交额超10亿元。 消息面上，12月19日至12月20日，摩尔线程将召开首届MUSA开发者大会，将首次系统阐述以MUSA为 核心的全栈发展战略与未来愿景，并重磅发布新一代GPU架构。 中信证券指出，GPU作为主流AI算力的格局仍会保持不变，英伟达GPU也在ScalingLaw下的三个计算阶 段（预训练、后训练和推理中）均充分展现了产品的全面性。谷歌和Meta的合作也表明，AI需求加速 增长远超预期，近期CSPCapex持续加码，AI算力景气度仍将维持。 科创板50指数由科创板中市值大、流动性好的50只股票组成，"硬科技"龙头特征显著，数字芯片设计、 集成电路制造、半导体设备为前三大权重行业，合计占比超60%；上证科创板人工智能指数则聚焦科创 板AI产业链企业，兼顾基础芯片与AI应用环节，数字芯片设计、横向通用软件、IT服务为前三大权重 行业，合计占比超90%。 （文章来源：每日经济新闻） ...

Group 1 - The recent active performance of the CSI A500-related ETFs and AI-related ETFs indicates a trend of institutional reallocation towards these assets as the year-end approaches, with the total scale of CSI A500 ETFs surpassing 200 billion yuan and the first batch of innovation-driven AI ETFs raising over 30 billion yuan during the issuance period [1][2] - The shift in development philosophy emphasizes both "Chinese economy" and "Chinese people's economy," indicating a transformation in development goals from focusing solely on domestic production scale to also considering the global income capabilities of citizens and enterprises [1][3][4] - The CSI A500 index reflects the globalization capabilities of Chinese enterprises, with nearly 70% of its constituent companies engaged in overseas business and over 40% of these companies deriving more than 20% of their revenue from abroad, showcasing a robust long-term performance [1][4][5] Group 2 - The combination of the CSI A500 and AI investments provides a complementary logic, where AI technology breakthroughs require global markets for validation and amplification, while the globalization of Chinese enterprises needs technological innovation to enhance competitiveness [2] - The CSI A500 index serves as a key tool for observing and investing in the transformation of Chinese enterprises from "world factory" to "global enterprises," focusing on their ability to integrate into global value chains and enhance their competitive positions [4][8] - The average overseas revenue growth rate of CSI A500 constituent stocks over the past five years reached 14.3%, outpacing the domestic revenue growth rate of 11.7%, indicating an acceleration in the expansion of Chinese enterprises in global markets [5][9] Group 3 - The AI sector is characterized by a significant divergence in stock performance, with some companies experiencing price corrections exceeding 40% due to a lack of core technological support, while leading firms with robust infrastructure and high-end chips continue to reach new highs [10][11] - The global AI market is projected to reach 500 billion dollars by 2027, with a compound annual growth rate exceeding 26%, driven by policy incentives, capital influx, and technological breakthroughs in China [14] - The main AI-related indices in the market exhibit distinct positioning, with the CS AI index covering the entire market, while others focus on specific sectors such as semiconductor and communication equipment, providing various investment tools for capturing opportunities in the AI industry [15][16] Group 4 - The top ten constituent stocks of the AI indices show significant differences in weightings, reflecting the varying focuses of each index, with the CS AI index heavily weighted towards semiconductor and computing sectors, while the innovation-driven AI indices emphasize communication equipment and software applications [18] - The E Fund AI ETF (159819) has surpassed 23 billion yuan in scale, with a three-year growth rate of 117.31%, making it the largest product tracking the CS AI index, while new AI ETFs have been launched to further enrich the product matrix for investors [19]