On December 23, the Big Data Industry ETF (516700), focused on data technology, showed weak performance during trading, with its price dropping by 0.52%.
Among its constituent stocks, Venusense, SDIC Intelligence, and QI-ANXIN performed relatively strongly, rising by 2.17%, 1.49%, and 0.98%, respectively. Conversely, Zhongke Star Atlas, UCloud, and NavInfo underperformed, declining by 3.06%, 2.57%, and 2.0%, respectively.
In industry news, Moore Threads Technology Co., Ltd. unveiled its next-generation full-feature GPU architecture, "Huagang," on December 20. The architecture supports full-precision computing and introduces a high-performance AI training and inference chip, with its Kuae Wan Card Intelligent Computing Cluster achieving mainstream international standards across multiple benchmarks. Additionally, Alibaba consolidated its consumer-facing businesses on December 15 to establish the "Qianwen C-End Business Group," aiming to develop the Qianwen app into a super AI application gateway covering multi-scenario intelligent services.
Caitong Securities noted that global large-scale AI models are transitioning from "fast thinking" to "slow thinking," shifting focus from computational power accumulation to algorithm and training paradigm optimization. The industry's emphasis is moving from benchmark testing to real-world task execution. AI is reshaping production methods, elevating humans from manual labor to task designers. Domestic players are carving out differentiated paths through algorithm optimization and ecosystem integration—such as DeepSeek achieving high inference density at low costs, while Doubao and Qianwen leverage OS permissions and APIs to streamline multi-scenario task chains. The core of competition now lies in thought chain depth, execution capability, and scenario penetration.
[Data Security as Priority, Technological Self-Reliance] The Big Data Industry ETF (516700) passively tracks the CSI Big Data Industry Index, heavily weighted in data centers, cloud computing, and big data processing. Its top holdings include Sugon, iFLYTEK, Unisplendour, Inspur Information, China Great Wall, and China National Software. Investors bullish on technological self-sufficiency may focus on three key catalysts: 1. High-level calls for "technology to take the lead," with breakthroughs expected in new productive forces. 2. The Digital China blueprint accelerating domestic substitution and activating digital productivity. 3. The booming Xinchuang (IT innovation) wave, with Xinchuang 2.0 poised for rapid adoption and vast prospects for tech independence.
Risk Disclosure: The Big Data Industry ETF passively tracks the CSI Big Data Industry Index (base date: December 31, 2012; launch date: October 18, 2016). Index constituents are adjusted per its rules, and past performance does not indicate future results. Mentioned stocks are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R3 (moderate risk) and suits balanced (C3) or higher-risk investors. Investment decisions based on this content are solely the investor's responsibility. No liability is assumed for direct or indirect losses arising from its use. Past fund performance does not guarantee future returns. Invest with caution.
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