注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 消息面，据摩尔线程披露的上市公告书，公司将于12月5日上市。公司发行后总股本为47002.8217 万股，其中本次新股上市初期的无限售流通股数量为2938.2386万股，占本次发行后总股本的比例为 6.25%。本次发行价格114.28元/股对应的发行人2024年摊薄后静态市销率为122.51倍，高于同行业可比 公司2024年静态市销率平均水平，存在未来发行人股价下跌给投资者带来损失的风险。发行人和保荐人 （主承销 ...

12月4日半导体设备ETF、科创芯片ETF强势。半导体设备ETF在上午震荡走高，下午维持横盘，收涨2.4%。科创芯片ETF则在上午回落之后震荡走高，收 涨2.4%。 资料来源：wind 据摩尔线程披露的上市公告书，公司将于12月5日上市。公司发行后总股本为47,002.8217万股，其中本次新股上市初期的无限售流通股数量为2,938.2386万 股，占本次发行后总股本的比例为6.25%。本次发行价格114.28元/股对应的发行人2024年摊薄后静态市销率为122.51倍，高于同行业可比公司2024年静态 市销率平均水平，存在未来发行人股价下跌给投资者带来损失的风险。发行人和保荐人（主承销商）提请投资者关注投资风险，审慎研判发行定价的合理 性，理性做出投资。 资料来源：拓荆科技 综上，当前半导体板块仍为人工智能驱动，但结构之间有所区别。从国产算力的角度而言，中国是全球第二大计算市场，国产GPU空间广大，且有望带动 存储等器件需求，有兴趣的投资者可以关注科创芯片ETF（589100）。更深一步，消费电子、GPU需求带来的先进制程扩产及存储扩产等催化，或铸就半 导体设备中长期景气，这条线可关注半导体设备ETF（15 ...

Market Overview - The market experienced slight fluctuations with a reduced trading volume, totaling 1.55 trillion yuan, down 121 billion from the previous trading day [1][11] - The Shanghai Composite Index fell by 0.06%, while the Shenzhen Component Index rose by 0.4%, and the ChiNext Index increased by 1.01% [1][11] - There is no significant risk of a major downturn, but upward momentum is weak, and rapid rotation between sectors is observed [1][11] Semiconductor Sector - The Semiconductor Equipment ETF and the Sci-Tech Chip ETF showed strong performance, both rising by 2.4% [1][11] - Longxin Storage recently launched 8000Mbps DDR5 chips, indicating rapid progress in the industry, with storage products experiencing price increases due to AI demand [2][13] - Price increases for various memory products in Q4 2025 are projected, with NAND and DDR4 prices expected to rise by 5%-20% depending on the category [3][14] Robotics Industry - The humanoid robot sector is gaining traction, supported by U.S. government initiatives to accelerate the development of robotics and automation [6][17] - Tesla's Optimus robot has demonstrated significant advancements, achieving a running speed close to that of a human, with plans for mass production by the end of 2026 [6][17] - The humanoid robot market is expected to benefit from policy support and increased investment, with a notable rise in financing events in the sector [9][19] Investment Opportunities - Investors are encouraged to focus on sectors with strong fundamentals or low valuations, particularly in the semiconductor and robotics industries [1][5] - The semiconductor sector is driven by AI demand, with potential growth in domestic GPU and storage device markets [5][15] - ETFs related to robotics and semiconductor equipment are highlighted as potential investment vehicles, with specific recommendations for the Robotics Industry ETF and Industrial Mother Machine ETF [9][19]