The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Securities ETF (589520), which focuses on domestic AI industry chains, continued its strong performance today (May 7th) after surging 4.59% yesterday. During today's session, it rose by 2.26% and is currently up 2.12%, aiming for its fourth consecutive daily gain.
Among its constituents, Tianzhun Technology led with gains exceeding 9%, Lingyun Guang increased by over 7%, and Orbbinc-W advanced more than 6%. For heavyweight components, Cambricon Technologies Corporation Limited rose over 1%, Lanku Technology climbed more than 5%, and Kingsoft Office grew over 2%.
Since April, Cambricon Technologies Corporation Limited's stock price has restarted its upward trajectory with consecutive significant gains, reclaiming its position as the top performer in the A-share market. This momentum is driven by first-quarter results that far exceeded market expectations. Cambricon Technologies Corporation Limited reported revenue of 2.885 billion yuan for the first quarter of 2026, representing 159.56% year-over-year growth. Net profit attributable to shareholders reached 1.013 billion yuan, up 185.04% year-over-year, while adjusted net profit was 934 million yuan, surging 238.56% compared to the same period last year. The company attributed this performance to continuously rising demand for AI computing power.
Huayuan Securities indicated that domestic computing chip companies are entering a critical period for performance realization. The iteration of large AI models, large-scale construction of intelligent computing centers, and comprehensive penetration of edge intelligence scenarios continue to drive domestic AI computing demand. Overall, the industry demonstrates clear characteristics of tiered growth patterns, with leading companies maintaining stable profits while second-tier manufacturers accelerate loss reduction or even achieve profitability.
Can domestic AI computing chips sustain high growth? Has the industry reached a historic inflection point for commercialization? Industry experts believe that driven by both market demand and policy support, 2025-2026 represents a historic turning point for Chinese AI chip companies to achieve commercial viability, marking the industry's transition from heavy R&D investment to achieving scale profitability.
The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Securities ETF (589520) and its feeder funds concentrate on domestic AI industry chains. Its portfolio includes leading domestic GPU manufacturers like Cambricon Technologies Corporation Limited, top domestic ASIC producers, and AI application leaders such as Kingsoft Office. The semiconductor sector accounts for nearly half of the weighting, providing strong offensive capabilities, while software companies represent over 30% of the portfolio, positioning the fund to benefit from potential catch-up rallies in AI applications. Additionally, this ETF is eligible for margin trading, serving as an efficient tool for comprehensive exposure to domestic computing power.
Risk Disclosure: The Huabao Shanghai Science and Technology Innovation Board Artificial Intelligence Trading Open Ended Index Securities ETF passively tracks the SSE Science and Technology Innovation Board Artificial Intelligence Index. This index has a base date of December 30, 2022, and was launched on July 25, 2024. Its annual returns for 2023 and 2024 were 12.68% and 32.36% respectively. Index constituents are adjusted according to the index methodology, and past performance does not indicate future results. Individual stocks mentioned herein are for illustrative purposes only and do not constitute investment recommendations or represent holdings information of any fund managed by the management company. The fund manager has classified this ETF as R4-medium high risk, suitable for aggressive investors and above. Investment suitability assessments should be verified with sales institutions. All information presented here is for reference only, and investors bear full responsibility for their investment decisions. No views, analysis, or predictions constitute investment advice, and no liability is accepted for direct or indirect losses resulting from use of this content. Fund investments carry risks, past performance doesn't guarantee future results, and other funds' performance doesn't ensure this fund's future performance. Invest with caution.
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