During the Spring Festival holiday, major domestic and international technology companies engaged in a new round of AI competition. Domestic firms including Alibaba, ByteDance, and Zhipu launched their latest large models such as Qwen3-Max-Thinking, Doubao 2.0, and GLM-5. Overseas companies followed closely, with Google releasing the Gemini3 DeepThink reasoning-enhanced version. The continuous expansion into consumer markets is helping to build a solid user ecosystem.
Domestic AI companies initiated "red envelope campaigns" during the Spring Festival. Tencent Yuanbao distributed 10 billion yuan in cash red envelopes, while Qianwen launched a 30 billion yuan "Spring Festival Treat Plan," gaining rapid popularity by offering to "buy everyone a milk tea." ByteDance gave away over 100,000 technology gifts through Spring Festival Gala events.
Guolian Minsheng Securities expressed continued optimism about AI investment opportunities, validating the industry's high growth prospects through four dimensions: 1) Increased capital expenditures by tech giants; 2) AI assistant Clawdbot demonstrating AI's transition from conversational tool to executor, with promising prospects for edge AI products; 3) Ongoing supply-demand tension in computing infrastructure driving upstream inflation, cloud service price increases, rising H100 leasing costs, and potential continued price hikes in the storage sector; 4) AI entering a phase of application implementation, accelerating demand, and synchronized industry chain growth, supporting a bullish outlook on AI industry trends.
In market performance, on the first trading day after the Spring Festival (February 24), the Sci-Tech Innovation AI ETF (589520), which focuses on domestic AI industry chains, unexpectedly declined possibly due to overseas AI market fluctuations. Its intraday price dropped by up to 3.8%, currently down 3.14%, with frequent premium transactions suggesting potential bargain hunting. Notably, on the last trading day before the holiday (February 13), the ETF attracted 84.3 million yuan in single-day inflows, indicating investor confidence in domestic AI prospects with early positioning.
Among component stocks, Montage Technology and Lingyun Guang led gains with increases exceeding 3%, while Roborock rose over 2%. Weisheng Information and Opto followed with gains. Conversely, Transwarp Technology fell more than 12%, Scantech declined over 11%, and IntelliFusion dropped more than 10%, leading the declines and weighing on index performance.
The Sci-Tech Innovation AI ETF Huabao (589520) and its feeder funds focus on domestic AI industry chains, including leading domestic GPU companies such as Cambricon, domestic ASIC leaders like VeriSilicon, and AI application leaders including Kingsoft Office. The semiconductor sector accounts for nearly half of the portfolio weight, providing strong growth potential, while the software sector represents over 30% of weighting, positioned to benefit from AI application catch-up trends. The ETF is also available for margin trading, serving as an efficient tool for accessing domestic computing power.
The MACD golden cross signal has formed, indicating positive momentum for several stocks.
Comments