5月14日，A股三大指数小幅回调，芯片概念高开回落后持续震荡。 相关ETF方面，截至发稿，科创芯片ETF（588200）逆市上涨0.20%，成交额超4.5亿元，暂居同标的 ETF产品首位。成分股方面，芯原股份涨超5%，纳芯微、源杰科技、华峰测控等多股跟涨。 值得关注的是，科创芯片ETF（588200）近期持续获资金净流入。据Wind金融终端，科创芯片ETF （588200）近5个交易日（5月7日—13日）累计大幅"吸金"超6.9亿元。 科创芯片ETF（588200）跟踪科创芯片指数，该指数从科创板上市公司中选取业务涉及半导体材料和设 备、芯片设计、芯片制造、芯片封装和测试相关的证券作为指数样本。此外，科创芯片ETF（588200） 还配备了场外联接基金（A类：017469；C类：017470）。 国金证券指出，我们处在一个大的变革期。DS为代表的高性价比低成本开源模型，证明了中国科技行 业的创新引领能力，也让国产芯片有了更多适配的机会。我们认为国产创新/自主可控板块有望受益。 东海证券指出，国内AI芯片企业2024全年及2025Q1业绩表现较为亮眼，海外科技股2025Q1业绩大多实 现同比上涨，头部云厂商AI ...

Group 1 - The A-share market showed a slight pullback after a strong opening, with the Sci-Tech Chip Index rising by 0.38%, driven by significant gains in stocks like Yuanjie Technology, which increased by over 7% [1] - The Sci-Tech Chip ETF (588200) also saw a rise of 0.38%, with a trading volume exceeding 700 million yuan and a turnover rate of nearly 3%, indicating active trading and a slight premium in the market [1][2] - There was a net inflow of over 310 million yuan into the Sci-Tech Chip ETF (588200) the previous day, reflecting strong investor interest in semiconductor-related stocks [2] Group 2 - The Financial Regulatory Administration announced eight new policies aimed at increasing market liquidity, including measures to support small and private enterprises, and enhance investment in technology companies [2] - According to Everbright Securities, the A-share market is expected to trend upwards due to ongoing policy support and the inflow of medium to long-term funds, with current valuations near the average since 2010 [3] - Guosheng Securities highlighted that the focus for May should be on sectors with independent industrial trends, such as domestic AI, smart vehicles, and robotics, while also considering policies related to domestic consumption and real estate [3]