Today, the three major A-share indices collectively opened higher but then narrowed their gains. In terms of sectors, the photovoltaic equipment sector opened high, the memory chip sector continued to strengthen, the battery sector fluctuated and rose, and CPO concept stocks rose early in the session. The Artificial Intelligence AIETF (515070) fell 0.48% during the trading session. Among its holdings, Lansus Technology, X-Chuang Data, Fudan Microelectronics, Beijing Junzheng, etc., led the gains, while Kunlun Wanwei, Cambricon -U, 360 Security Technology, Sangfor Technologies, etc., led the declines.
On the news front, JPMorgan released a latest analysis report stating that the AI boom will generate $5 to $7 trillion in financing demand over the next five years, a scale expected to significantly boost the global bond and syndicated loan markets. The report points out that hyperscale data center operators are the core entities with funding needs, investing approximately $500 billion of their net operating income (total revenue about $700 billion) annually into capital expenditures to support the expansion of AI computing infrastructure. To meet the funding gap, the market requires multi-channel financing, integrating various capital market resources to support the massive capital consumption for AI data center construction, chip R&D, and application scenario implementation.
CITIC Securities points out that we are still in the early stages of the AI era, a critical period where technology is moving from single-point breakthroughs to deep integration with industries, with broad prospects for the future. Their analysis is particularly bullish on the investment themes centered around AI agents and computing infrastructure, noting that artificial intelligence is advancing from the auxiliary stage of "AI + industry" to the deep integration stage of "AI × industry", with enterprise applications expected to truly explode between 2027 and 2030. Additionally, CITIC Securities also focuses on AI's role as a core engine in promoting the digital transformation of various industries, especially its implementation potential in vertical scenarios like finance and healthcare.
The Artificial Intelligence AIETF (515070) tracks the CSI Artificial Intelligence Theme Index (930713). Its constituent stocks are selected from companies providing technology, basic resources, and application-side solutions for artificial intelligence, focusing on the upstream and midstream of the AI industry chain. It is commonly known as the creator of the "robot brain" and the "foundation" for the Internet of Everything. Its top ten holdings include domestic tech leaders such as Zhongji Innolight, Eoptolink, Cambricon -U, Dawning Information Industry, iFlytek, Will Semiconductor, Hikvision, Lansus Technology, Kingsoft Office, and Unisplendour Corporation.
Related products: Artificial Intelligence AIETF (515070), CHINAAMC ChiNext AI ETF (159381), CHINAAMC STAR AI ETF (589010).
