Are the negatives fully priced in? The A-share market is staging a major rebound! Today (October 28), physical AI concept stocks continued to be active, with Opt Machine Vision leading gains of over 14%, TZTEK Technology rising more than 9%, and Orbbec-W, Scantech and other stocks posting significant follow-on gains, while heavyweight Cambricon Technologies Corporation Limited (ASX: 688256) climbed over 5%. The STAR AI ETF Huabao (589520), which has 30% physical AI exposure, saw its tracking index probe as high as 3.96% intraday and is currently up 3.76%, having potentially established an upward trend on the daily candlestick chart since this round's low point on October 15.
On the policy front, on October 27, the Shanghai Municipal Commission of Economy and Informatization issued the "Shanghai Action Plan for Accelerating the Development of Next-Generation Intelligent Manufacturing," which mentioned cultivating single-point implementation service providers in areas such as corpus services, digital twins, and AI Agents; and supporting innovative breakthroughs in robots including humanoid robots, collaborative robots, and high-precision heavy-duty robots. Previously, the Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission, and the National Development and Reform Commission successively issued policy documents including the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents" and the "Notice on Carrying Out the 2026 Innovation Task Open Call in the Industrial and Information Technology Field," promoting the industrialization of physical AI.
Guosen Securities pointed out that industrial manufacturing scenarios have the characteristics of clear task boundaries and relatively standardized processes, making them the primary environment for the deployment of intelligent technologies. In the short term, embodied intelligence will first create quantifiable efficiency gains in closed or semi-closed industrial tasks. CITIC Securities believes that the recent rapid rise in attention to physical AI and edge-side applications, catalyzed by industry events such as NVIDIA's GTC conference, combined with the relatively sufficient sector correction and divergent expectations in the storage industry, has jointly driven the outbreak of the physical AI sector rally.
Notably, the underlying index of STAR AI ETF Huabao (589520) encompasses physical AI concept stocks (Cambricon, Hygon Information, MetaX, Orbbec, Scantech, Opt Machine Vision, Luster LightTech, TZTEK Technology, CloudWalk Technology), with physical AI concept stocks accounting for 29.91% of weight and edge-side AI concept stocks accounting for 38.60% of weight as of the end of September.
The Light of Domestic Substitution, STAR Self-Reliance and Self-Improvement
The STAR AI ETF Huabao (589520), which focuses on the domestic AI industry chain, and its feeder funds (Feeder A: 024560, Feeder C: 024561) include 30 STAR Market-listed companies with relatively large market capitalizations that provide foundational resources, technology, and application support for AI. Semiconductors account for 65%, AI applications account for 30%, and it also includes GPU concept stocks (Hygon Information, VeriSilicon, Cambricon, Loongson Technology, MetaX). With a 20% daily price limit, the ETF provides a low-threshold way to capture the breakthrough power of the STAR track. Additionally, the ETF is a margin trading and securities lending target, making it an efficient tool for one-click exposure to domestic computing power.
Source: Shanghai and Shenzhen Stock Exchanges, etc., as of October 28, 2026. The fund manager assesses the risk level of this fund as R4-Medium-High Risk, suitable for investors with aggressive risk profiles (C4) and above. Suitability matching opinions should be based on the sales institution's assessment. ETF fee-related notes: ETFs do not charge sales service fees; subscription and redemption agency institutions may charge commissions at a rate not exceeding 0.5%, which includes related fees charged by stock exchanges and registration institutions. On-exchange trading fees are subject to actual charges by securities companies. Feeder fund fee rates are detailed in the fund legal documents. Risk disclosure: STAR AI ETF Huabao passively tracks the SSE STAR Market Artificial Intelligence Index, whose base date is December 30, 2022, and was launched on July 25, 2024. The index constituent stocks are adjusted in a timely manner according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index. The individual stocks and index constituent stocks mentioned in this article are for display purposes only. Individual stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must be responsible for their own investment decisions. In addition, any views, analyses, and forecasts in this article do not constitute investment advice in any form to readers, nor shall they bear any responsibility for direct or indirect losses caused by the use of the content herein. Fund investment involves 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 requires caution. MACD golden cross signals have formed, and these stocks are performing well!
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