Today, the domestic AI industry chain staged a strong rebound. The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520), which allocates 42% of its weight to GPU concept stocks, saw its intraday price climb 2.37%, eyeing a third consecutive day of gains. Capital had already positioned ahead of time, with data showing the ETF attracted 3.79 million yuan in single-day inflows yesterday.
Among its constituent stocks, Cambricon Technologies led the rally with a gain of over 5%, while UCloud surged more than 4%. Montage Technology, Juanchen Semiconductor, VeriSilicon, and Intellifusion all rose over 3%, with Haiguang Information and Muxi Co. also posting gains.
On the news front, the official version of DeepSeek V4 Pro has been updated to the API. The new version significantly enhances Agent capabilities, supporting Responses API and Codex integration. According to DeepSeek's official evaluation results, the V4 Pro model surpasses Anthropic's Claude Opus 4.8 in Agent capabilities such as HLE, Terminal Bench, Cybergym, and DeepSWE, approaching Anthropic's June-released model Fable 5, and even overtaking it on some benchmarks.
Where to start for investors
Huatai Securities noted that domestic GPUs have entered the era of ten-thousand-card clusters, currently in a critical transition period from "usable" to "easy to use." Domestic GPU leaders with full-stack technical capabilities are expected to be the first to achieve substantive substitution for overseas competitors.
Why the domestic computing power sector is poised for growth
Guojin Securities pointed out that with the release of domestic chip supply, demand will sequentially transmit to switching networks, servers and whole cabinets, computing power leasing, AI data center (AIDC) deployment, and cloud services. The expansion of demand, breakthroughs in chip supply, and upgrades in system architecture are forming a resonance, reaffirming the domestic computing power golden age.
Domestic substitution and technological self-reliance
The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520), along with its linked funds (Class A: 024560, Class C: 024561), focuses on the domestic AI industry chain. Its constituent stocks include 30 large-capitalization Shanghai Stock Exchange STAR Market-listed companies that provide basic resources, technology, and application support for AI. The semiconductor industry weight is 70.4%, offering strong offensive characteristics. GPU concept stocks and AI application concept stocks account for 41.98% and 23.19% of the weight, respectively. With a 20% daily price limit, the ETF provides a low-cost entry point to capture the breakout potential of the science and technology innovation sector. Additionally, the ETF is eligible for margin trading and short selling, serving as an efficient tool for one-click exposure to domestic computing power.
Note: The GPU concept and AI application concept weightings are based on the GPU Index (8841701.WI) and AI Application Index (980112.CNI), respectively. Source: Shanghai and Shenzhen Stock Exchanges, etc., as of August 3, 2026.
Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own capital situation and risk tolerance, paying close attention to position and risk management.
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Risk warning: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC passively tracks the Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence Index. The index base date is December 30, 2022, and it was launched on July 25, 2024. The constituent stock composition is adjusted according to the index's compilation rules. Backtested historical performance does not indicate future index performance. The stocks and index constituents mentioned in this article are for demonstration purposes only. Stock descriptions do not constitute any form of investment advice and do not represent the holdings or trading intentions of any fund under the management company. The fund manager evaluates the risk level of the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC as R4 (medium-high risk), suitable for aggressive (C4) and above investors. Please refer to the sales institution for suitability matching opinions. Any information in this article (including but not limited to stocks, comments, predictions, charts, indicators, theories, and any form of expression) is for reference only. Investors must take responsibility for their own independent investment decisions. Furthermore, any opinions, analysis, or predictions in this article do not constitute investment advice to readers, and the author is not responsible for any direct or indirect losses caused by 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. Invest in funds with caution.
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