Group 1 - The core index of the Science and Technology Innovation Board (科创板) showed mixed performance, with the Science and Technology Growth Index rising by 0.2%, while the Science and Technology 50 Index and the Science and Technology Composite Index both fell by 0.3%, and the Science and Technology 100 Index decreased by 0.9% [1] - Guotai Junan Securities believes that the previous adjustments in the sector have been sufficient, and with stable annual report forecasts and continued high growth in the first quarter, if industrial catalysts emerge, the growth style is expected to return and potentially lead the overall market in the upcoming spring rally [1] Group 2 - Small and medium-sized technology companies in the electronic, pharmaceutical, power equipment, and computer industries account for over 80% of the sector, with a particularly high proportion in the electronic and pharmaceutical industries [4] - The Science and Technology Composite Index ETF by E Fund tracks the comprehensive index of the Science and Technology Innovation Board, covering all market securities and focusing on core frontier industries such as artificial intelligence, semiconductors, new energy, and innovative pharmaceuticals, while providing high growth potential and risk diversification [4] - The Science and Technology Growth 50 ETF tracks the growth index of the Science and Technology Innovation Board, consisting of 50 stocks with high growth rates in operating income and net profit, highlighting the growth style and strong performance [4]

Core Insights - The overall market is experiencing adjustments, but AI hardware and software sectors are showing active performance, with the STAR Market 50 Index up by 0.4% and the CSI Software Services Index up by 1.2% as of 13:58 [1] Group 1: Company Developments - Alibaba has officially launched the "Qianwen" project, entering the AI to C market, with the public beta version of the Qianwen App released, directly competing with ChatGPT's latest version 5.1 [1] - Huawei held the OpenEuler Summit 2025 in Beijing, where it introduced a new operating system version that supports super nodes, optimized for high-efficiency operation of AI server clusters [1] Group 2: Industry Trends - Analysts suggest that breakthroughs in AI technology by Alibaba and Huawei will facilitate a critical leap for the software industry from building autonomous capabilities to participating in global competition, accelerating the closure of the AI domestic ecosystem [1] - The AI application-related sectors are expected to benefit from improved AI computing efficiency, with internet giants actively promoting application implementation, indicating potential gains for the software sector [1] Group 3: Investment Opportunities - The STAR Market 50 ETF (588080) tracks the STAR Market 50 Index, which consists of 50 securities with large market capitalization and good liquidity, covering multiple technology sub-sectors, prominently featuring "hard tech" leaders [2] - The E Fund Software ETF (562930) tracks the CSI Software Services Index, composed of 30 stocks involved in software development and services, with over 70% of the industry represented in software development [2] - Investors can leverage these products to capitalize on opportunities arising from enhanced AI computing efficiency and the development of AI applications [2]