By midday on July 31, the AI trade made a strong comeback, with optical modules and memory chips experiencing a powerful rebound. Key optical module leaders surged rapidly, with Zhongji Innolight, Eoptolink Technology, and Tianfu Communication all jumping over 13%. In the memory chip sector, a wave of limit-up trading emerged, as Gigadevice Semiconductor and Demingli hit the daily limit up, while Jiang Bo Long soared over 12%.
Among popular ETFs, the tech-focused Huabao Technology ETF (515000), which tracks the overall performance of tech leaders, surged over 8% in intraday trading, approaching the daily limit. The ChiNext AI ETF Huabao (159363), which heavily focuses on optical module CPO leaders, jumped over 10% in a gap-up move.
After the US market closed on Thursday, Amazon reported strong second-quarter cloud business growth, driven by robust AI demand. The company also raised its full-year capital expenditure forecast, expecting to invest more in AI, with 2024 capex now projected at $220 billion. This compares to the $200 billion forecast announced in February, which was reaffirmed in April. As US tech giants delivered better-than-expected cloud computing results, investors have rushed back into AI chips, optical communications, and other computing hardware.
Overnight, US chip stocks led a sharp rebound, while South Korea's KOSPI index surged in Asian trading, reversing a three-day losing streak and triggering a circuit breaker once again.
For tech bulls, buying leaders is key. The Huabao Technology ETF (515000) and its linked funds (A: 007873, C: 007874) select 50 listed companies from the tech sector with large scale, high market share, strong growth capabilities, and significant R&D investment. They represent the core assets of A-share tech leaders, combining "hard tech beta" with "outperform leader alpha." The top ten holdings include leaders in optical modules, semiconductor equipment, memory chips, PCBs, and innovative drugs.
On a vertical track, the ChiNext AI ETF Huabao (159363) and its linked funds (A: 023407, C: 023408) focus on optical module CPO leaders. The underlying index has a combined weight of approximately 40% for Zhongji Innolight, Eoptolink Technology, and Tianfu Communication, positioning it as a core AI computing flagship. As of the end of June, the ChiNext AI ETF Huabao (159363) had a scale exceeding 8 billion yuan, with an average daily turnover of over 1 billion yuan in the past six months, leading in scale and liquidity among the eight ETFs tracking the same index.
Data sources include the Shanghai and Shenzhen stock exchanges. Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors are urged to invest rationally based on their own capital situation and risk tolerance, paying close attention to position and risk management. ETF fund fee details: When subscribing or redeeming fund shares, subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to actual charges by securities companies, with no sales service fees. Linked fund fee details: The ChiNext AI ETF Linked Fund C charges no subscription fee; redemption fees are 1.5% for holdings within 7 days and 0% for 7 days or more; the sales service fee is 0.3%. The ChiNext AI ETF Linked Fund A charges a subscription fee of 1% for amounts under 1 million yuan, 0.6% for 1 million to 2 million yuan, and 1,000 yuan per order for 2 million yuan or more; redemption fees are 1.5% for holdings within 7 days and 0% for 7 days or more; no sales service fee. The Huabao Technology ETF Linked Fund A charges a subscription fee of 1.00% for amounts under 1 million yuan, 0.60% for 1 million to 2 million yuan, and 1,000 yuan per order for 2 million yuan or more; redemption fees are 1.50% for holdings within 7 days, 0.50% for 7 to 180 days, and 0.00% for 180 days or more; no sales service fee. The Huabao Technology ETF Linked Fund C charges no subscription fee; redemption fees are 1.50% for holdings within 7 days and 0.00% for 7 days or more; the sales service fee is 0.40% per year. ETF subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to actual charges by securities companies. Risk disclosure: The ChiNext AI ETF Huabao passively tracks the ChiNext AI Index, with a base date of December 28, 2018, and a release date of July 11, 2024. The Huabao Technology ETF passively tracks the CSI Tech Leaders Index, with a base date of June 29, 2012, and a release date of March 20, 2019. The index constituent stocks are adjusted according to the index compilation rules, and historical backtesting performance does not predict future index performance. The index constituent stocks mentioned in this article are for display purposes only, and individual stock descriptions do not constitute any form of investment advice, nor do they represent the holdings or trading activities of any fund managed by the manager. According to the fund manager's assessment, the Huabao Technology ETF has a risk rating of R3-medium risk, suitable for balanced (C3) and above investors, while the ChiNext AI ETF Huabao has a risk rating of R4-medium-high risk, suitable for aggressive (C4) and above investors. The suitability matching opinion is subject to the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors must be responsible for their own investment decisions. Additionally, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor are they responsible for any direct or indirect losses resulting from the use of this content. Fund investment carries risks. Past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Fund investment should be cautious.
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