Possibly driven by NVIDIA's launch of an AI security system, cybersecurity-related stocks showed active trading today (September 29), lifting the software development sector. Among the 107 constituent stocks of Software Development ETF Huabao (159036), 91 closed higher, with 35 gaining more than 2%. Among them, Shanghai Dzh Limited (ASX: 601519) hit the daily limit up, Kaipu Cloud rose over 9%, and Arcvideo Tech gained more than 8%. Its underlying index rose as much as 1.85% intraday before closing up 1%. Chart: Software Development ETF Huabao (159036) Top 10 Constituent Stock Gainers (September 29).
Recently, frequent incidents of AI agent malfunctions have driven rising market demand for AI security. Two key developments are worth noting: 1. NVIDIA launches AI security system. On September 28, NVIDIA (NASDAQ: NVDA) released an agent security platform featuring dual-layer interception of violations, capable of achieving millisecond-level circuit-breaking of non-compliant AI agents. AI security is one of the few tracks in the current AI industry chain that benefits both attack and defense sides simultaneously, with rigid willingness to pay and quantifiable ROI: the more rampant the attacks, the more rigid the defense budget, and defense products themselves are driven by AI. NVIDIA CEO Jensen Huang previously stated that cybersecurity is very likely to be AI's next major application scenario.
2. Tech giants gather at the White House to discuss AI security. On September 29 local time, senior executives from six major US tech companies including Meta, Anthropic, OpenAI, Google, Palantir, and NVIDIA gathered at the White House to attend a luncheon hosted by US President Trump and House Speaker Johnson to discuss AI security. Analysts noted that after a period of untamed development, AI security has become a mandatory choice. As AI security disputes continue to escalate and各方 deepen their differences on regulatory direction, this White House meeting may serve as an important window for US government and enterprises to bridge their differences on AI development.
Zheshang Securities believes that AI security demand and landscape are expected to be reshaped. Domestic cybersecurity vendors all have their own vertical models, and the real barrier lies in long-accumulated security data and customer scenarios. In the future, closer cooperation between security vendors and model companies can be expected. Zhongtai Securities pointed out that traditional security involves adding an extra firewall on the outer layer after the AI system is built; whereas AI-native defense embeds security mechanisms into the AI underlying architecture from the very beginning, covering the entire lifecycle of model training, deployment, invocation, and autonomous Agent execution. AI is evolving from an auxiliary tool into a "digital entity" with autonomous execution capabilities, and its security focus has shifted from content security to permission, data, and execution security, requiring the construction of an AI-native defense system covering the entire lifecycle.
The end of hardware may be the spring of software. The software development industry as a whole is currently in an upcycle, but it is uncertain which sub-sector or individual stock will outperform. One may consider using Software Development ETF Huabao (159036) for full-industry exposure, encompassing 107 constituent stocks and comprehensively covering AI plus finance, AI plus healthcare, AI plus office, AI plus education, AI plus information security, AI plus government affairs, and other sectors. With AI empowerment, domestic innovation drive, and policy support, the software development sector is poised to ride the momentum. In terms of valuation, as of September 28, the software development index had a price-to-earnings ratio (PE, TTM) of 170.29 times, lower than more than 76% of the time since listing, highlighting notable valuation cost-effectiveness and margin of safety.
Institutional views reference sources: Zheshang Securities' September 22 report titled "Computer Industry Commentary: AI Security Demand and Landscape Expected to Be Reshaped"; Zhongtai Securities' September 17 report titled "Computer Industry: National Cybersecurity Awareness Week Opens, Focus on AI Native Cybersecurity Defense System Progress." ETF fee-related notes: Software Development ETF Huabao does not charge a sales service fee. When investors subscribe or redeem fund shares, the subscription and redemption agent brokerage may charge a commission of no more than 0.3%. On-exchange trading fees are subject to what the securities company actually charges. Risk disclosure: Software Development ETF Huabao passively tracks the CSI All Index Software Development Index, whose base date is December 31, 2021, and launch date is March 29, 2023. The fund is issued and managed by Huabao Fund, and distribution agencies do not bear responsibility for product investment and redemption. Investors should carefully read fund legal documents such as the Fund Contract, Prospectus, and Fund Product Information Summary to understand the fund's risk-return characteristics and choose products suitable for their own risk tolerance. The fund risk level assessed by the fund manager is R3-Medium Risk, suitable for investors with balanced (C3) and above profiles. Suitability matching opinions should be based on the sales institution. Sales institutions (including the fund manager's direct sales channel and other sales institutions) conduct risk assessments of the fund in accordance with relevant laws and regulations. Investors should promptly pay attention to suitability opinions issued by sales institutions and rely on their matching results. Suitability opinions among different sales institutions are not necessarily consistent, and the fund product risk level evaluation results issued by fund sales institutions must not be lower than the risk level evaluation results made by the fund manager. There are differences between the fund's risk-return characteristics and fund risk level in the fund contract due to different factors considered. Investors should understand the fund's risk-return situation and carefully select fund products based on their own investment objectives, horizon, experience, and risk tolerance, bearing risks themselves. The CSRC's registration of this fund does not indicate any substantive judgment or guarantee regarding the fund's investment value, market prospects, or returns. Past performance of the fund and its net asset value levels do not predict future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Funds involve risk, and investment requires caution! MACD golden cross signals are forming; these stocks are gaining well!
Comments