热门卫星产业ETF（159218）、半导体设备ETF（561980）盘中分别涨超1.6%、2.2%；软件龙头ETF（159899）、云计算ETF（159890）盘中跌近2%，但获 资金大幅加仓，盘中实时净流入分别高达2300万、800万元。 该机构指出，2026年是AI应用从"生产力"向"变现力"转化的关键拐点，而GEO正是这一转化的核心引擎。 本周最后一个交易日，卫星产业、半导体设备延续强势，GEO、AI应用等热门板块延续回落。 受益于GEO概念火热对AI应用商业化加速的市场预期，软件龙头ETF（159899）最近4个交易日累计获资金净流入超3亿元，云计算ETF（159890）最近5个 交易日持续获资金净流入约1.26亿元。 | | 软件龙头ETF | | | 云计算ETF | | | --- | --- | --- | --- | --- | --- | | | 159899 | | | 159890 | | | | | 104 | | | 10+ | | 交生 | 16.69% 120日 | 21.98% | 交生 | 15.96% 120日 | 54.16% | | 5日 | 7.59% 250日 | ...

Core Insights - The satellite industry and semiconductor equipment continue to show strong performance, while popular sectors like GEO and AI applications are experiencing a pullback [1] - Significant capital inflow has been observed in software and cloud computing ETFs, indicating investor interest despite recent declines [1] Group 1: Market Performance - The satellite industry ETF (159218) and semiconductor equipment ETF (561980) saw intraday gains of over 1.6% and 2.2% respectively [1] - The software leader ETF (159899) and cloud computing ETF (159890) experienced declines of nearly 2%, but attracted substantial capital inflow, with net inflows of 23 million and 8 million respectively [1] - Over the last four trading days, the software leader ETF (159899) has received over 300 million in net inflows, while the cloud computing ETF (159890) has seen approximately 126 million in net inflows over the last five trading days [1] Group 2: AI and GEO Market Insights - The large model market is expected to reach a size of 206.5 billion by 2029, with a CAGR of 80.7% from 2024 to 2029, driven primarily by large model applications [6] - By 2026, the global GEO market is projected to reach 24 billion, with the domestic market expected to reach 11.1 billion, indicating exponential growth [3] - Chinese consumers exhibit a high trust level in AI applications at 80%, significantly higher than the US (35%) and Europe (40%), particularly in personalized shopping recommendations [3] Group 3: ETF Composition and Strategy - The cloud computing ETF (159890) focuses on key sectors such as servers, data centers, and cloud services, with 65% of its index comprising IT services, horizontal general software, and vertical application software [7] - The software leader ETF (159899) tracks the CSI All-Share Software Index, including leaders in intelligent voice, office collaboration, fintech, and industrial software, with approximately 35% exposure to AI applications [7] - Investors may consider leveraging both cloud computing ETF (159890) and software leader ETF (159899) to comprehensively capture the value of computing infrastructure and AI technology monetization [7]