Market Performance - The Shanghai Composite Index rose by 0.23% to 3384.10 points, marking a three-day increase [1] - The Shenzhen Component Index increased by 0.58% to 10203.50 points, also achieving three consecutive days of gains [1] - The ChiNext Index saw a rise of 1.17% to 2048.62 points, continuing its three-day upward trend [1] - Total trading volume in the two markets reached 1.29 trillion yuan, exceeding 1 trillion yuan for six consecutive days [1] Sector Performance - The components sector performed notably well, surging by 5.15% [1] - Consumer electronics and communication equipment sectors followed, with increases of 3.22% and 3.14% respectively [1] - The AI index on the ChiNext rose by 3.33%, with several AI ETFs also showing significant gains [1][4] ETF Performance - The Information Technology ETF (512330.SH) increased by 3.98%, with a total share size of 555 million [3] - The AI ETF from Huaxia (159381.SZ) rose by 3.86%, with a share size of 272 million [4] - The 5G ETF (159994.SZ) increased by 3.40%, with a total share size of 1.733 billion [5] - The overall market saw 785 non-currency ETFs rise, accounting for 68% of the total [1] Valuation Metrics - The latest PE-TTM for the CSI 500 Information Technology Index is 98.22, lower than the 98.48% level maintained over the past three years [4] - The PE-TTM for the ChiNext AI Index stands at 74.41, below the 63.38% level of the past three years [5] - The PE-TTM for the CSI 5G Communication Index is 26.46, also lower than the 29.28% level over the last three years [5] Market Sentiment - The S&P 500 Consumer Select Index showed a premium of 24.20%, indicating strong market sentiment [8] - The S&P 500 Index also experienced a premium of 15.80%, reflecting positive investor sentiment [8]

西部证券指出，AI产业趋势向上，推理能力提升驱动复杂场景渗透。Claude4系列发布，编程能力显著增强，其中ClaudeOpus4在编码基准测试中表现领先， 能够处理长时间运行任务；DeepSeekR1模型升级后，复杂推理能力大幅提升，在AIME2025测试中准确率从70%提升至87.5%。谷歌I/O2025展示了AI大模型 及产品的全面升级，包括Gemini2.5Pro新增原生音频输出等功能，以及视频模型Veo2、图像生成模型Imagen4等新发布模型。AI Agent及算力仍是最明确的投 资方向，产业持续进阶，算力与Agent静待催化。 兴业证券认为，目前，算力产业是计算机行业稀缺的持续高景气赛道，正充分受益于政策与产业变革的双重驱动。在产业方面，从全球来看，英伟达于5月 28日发布Q1财务数据，实现持续高增长；从国内来看，海光与曙光的重组有望引发鲶鱼效应，加速国产算力龙头的竞争，以及市占率向头部公司集中。国 产算力有望持续高景气，建议未来更重视核心算力龙头及其生态的投资机会。 2025年6月5日，Wind数据显示，A股三大指数今日集体收涨，沪指涨0.23%；深证成指涨0.58%；创业板指涨1.17%。沪 ...

一、ETF行业快讯 2.板块表现 1.三大指数集体上涨，多只通信板块ETF上涨 今日，三大指数集体上涨，上证综指上涨0.28%，深证成指上涨0.93%， 创业板指上涨1.65%。多只通信 板块ETF上涨，其中，通信设备ETF（159583.SZ）上涨4.36%，通信ETF（515880.SH）上涨3.90%，创 业板人工智能ETF华宝（159363.SZ）上涨2.79%。电子板块多只ETF下跌，科创芯片设计ETF （588780.SH）下跌0.91%，科创芯片50ETF（588750.SH）下跌0.76%，科创芯片ETF（588200.SH）下 跌0.69%。 国金证券指出，北美云厂商最新财报验证AI商业化加速、算力投资延续高景气。受益于AI需求驱动和 国内外互联网厂商资本开支增长，服务器、连接器等龙头公司业绩亮眼。以太网交换机市场结构性分 化，看好交换机板块业绩触底回升。国内大模型迭代，落地应用有望加速。建议关注国内AI发展带动 的服务器、IDC、交换机、连接器等板块，以及海外AI发展带动的服务器、光模块等板块。 2.中证A500指数基金首现大额赎回 据证券时报，根据富安达基金5月7日公告，4月1日成立的富 ...

每经记者｜肖芮冬 每经编辑｜叶峰 天赐良基日报第640期一、今日基金新闻速览 1、ETF行情复盘 5月7日，证监会发布《推动公募基金高质量发展行动方案》，共提出25条举措，重点包括：优化主动管理权益类基金收费模式，强化基金公司与投资者的利 益绑定，提升行业服务投资者的能力，提高公募基金权益投资的规模和稳定性等。（Via：每日经济新闻） 2、多只自由现金流ETF将上市交易 5月8日，嘉实国证自由现金流ETF、方正富邦中证全指自由现金流ETF均发布公告，将于5月13日上市交易。（Via：中国证券报） 3、有中证A500指数增强基金发生大额赎回 5月7日，富安达基金发布公告，4月1日成立的富安达中证A500指数增强基金，于5月6日发生大额赎回。据了解，这是中证A500指数相关基金首次出现此现 象。（Via：证券时报） 二、知名基金经理最新动态 1、刘格菘加仓科思科技 4月30日数据显示，科思科技最新公布的前十大流通股东名单中，刘格菘的广发小盘成长混合（LOF）现身，持股数量比一季度末增加24.77万股。 三、今日ETF行情点评 1、《推动公募基金高质量发展行动方案》印发 市场全天低开高走，截至收盘，沪指涨0.28% ...

ETF收盘涨跌不一，通信设备ETF(159583)领涨4.36%，通信ETF(515880)涨3.90%，5GETF(159994)涨 3.21%，黄金股票ETF(159321)领跌1.94%，黄金股ETF(517520)跌1.79%，黄金股ETF基金(159315)跌 1.74%。 AI浪潮已至，普通人如何搭上科技快车？>> ...

Core Viewpoint - The optical module sector has rebounded collectively, leading to a significant rise in the communication industry chain, with notable increases in related ETFs [1][3]. ETF Market Performance - The Communication Equipment ETF (159583) and Communication ETF (515880) saw half-day gains of 2.69% and 2.65%, respectively, with the Communication ETF achieving a trading volume of 211 million yuan [1][4]. - The 5G Communication ETF (515050) and 5G ETF (159994) also experienced increases of 2.54% and 2.5% [7]. ETF Share Changes - The Communication ETF (515880) has seen a significant increase in shares this year, with an addition of 741 million shares, representing a change rate of 40.82% [3]. - The Communication Equipment ETF (159583) has a smaller scale with only 6.3 million shares and a half-day trading amount of 6.8741 million yuan [3][4]. Investment Logic - The digital economy's new infrastructure is expected to bolster the upgrade of computing networks, driven by policies like Digital China and continuous innovations in AI applications [3]. - The recovery of the ICT foundational optical network industry chain is anticipated to further stimulate demand for optical modules and energy-saving temperature control [3]. Major Weight Stocks in Indices - The top weight stocks in the Communication Equipment Index include: - Luxshare Precision (8.45%) - ZTE Corporation (7.36%) - Gigadevice Semiconductor (6.05%) [5][8]. - The top weight stocks in the 5G Communication Index include: - Luxshare Precision (8.45%) - ZTE Corporation (7.36%) - Gigadevice Semiconductor (6.05%) [8][9].

相关产品： 5GETF(159994) 风险提示：基金有风险，投资需谨慎。 信达证券表示，电子行业超配比例达7.3%，持仓占比居首。半导体板块受自主可控主线推动，基本面 回暖，技术突破显著。消费电子板块受益于国补政策，需求提升，估值修复可期。元件板块AI需求确 定性高，产业链公司业绩放量。光学光电子板块淡季表现强劲，供需紧张支撑面板价格上行。电子化学 品板块国产替代加速，关键领域突破紧迫。整体来看，电子行业各细分板块在政策和技术双轮驱动下， 展现出较强的增长动力和市场潜力。 东海证券表示，电子板块迎来新机遇，AI Agent产品Manus发布，具备自主完成任务能力，推动AI范式 转型，建议关注AI模型及应用落地进展。MWC2025展示AI眼镜新品，引领消费电子市场新一轮增长。 当前电子行业需求温和复苏，AIOT、AI驱动、设备材料及消费电子周期筑底板块成四大投资主线。AI 眼镜有望成为AI端侧应用新增长点，行业前景乐观。 5月6日，中证5G通信主题指数（csi931079）盘中表现活跃，涨幅一度达到3.0%。相关ETF方面， 5GETF（159994）同样表现强劲，其盘中涨幅一度达到了2.94%，显示出市场对 ...