Market hot spots, AI wave has receded? Can I still vote in the second half of the year?
Have you ever been trapped just after entering AI? AI has stalled? Can I still vote in the second half of the year? If you buy AI at the beginning of the year, you have to go sideways in the first half of the year, but if you buy it in these two months, you won't laugh. Since June 21, the AI sector has seen a major correction for several days, adjusting what computer ChatGPT, communication artificial intelligence and so on. In just a few days, the sharp decline has spit out the previous gains, and the situation has taken a sharp turn, so is the AI adjustment or has it been extinguished? What should be the layout in the second half of the year? To find out whether the investment logic of AI has changed, we must first review why it has plummeted rapidly. Reason 1: It has risen too much and needs to take a break. According to the data, the artificial intelligence index rose by 47.62% from the beginning of the year to June 20, which is already very high for the index. China Merchants Fund pointed out that because the TMT sector had a large cumulative increase in the early stage, investors generally had a profit-taking mentality before the Dragon Boat Festival or due to the approaching holiday, resulting in pre-holiday sector fluctuations, while post-holiday sector volatility continued to amplify, which also reflected investors' concerns about future market risks. Simply put, it is a kind of profit-taking and risk-aversion spreading.
Next, they remind everyone that the next period is the disclosure period of the second quarterly report, but most of the companies in the AI industry chain are in the growth stage, and there may be fewer companies that can deliver the performance, so the sector adjustment market of the disclosure period of this year's quarterly report may be staged again. Reason 2. ChatGPT has recently entered a bottleneck. Everyone knows that behind the fermentation of the AI market, the biggest promoter is ChatGPT. But the data shows that ChatGPT visits have slowed significantly in April, and the month-on-month growth rate in May fell directly to single digits. According to industry analysts, the growth rate of visits in June may even fall into a negative figure. Reason 3. The shareholders of AI listed companies are also not strong and have reduced their holdings. Since June, there have been nearly 20 listed companies in the AI sector, and the disclosure shareholders have simply announced, none of them have issued shareholder increase announcements, and even many companies have reduced their holdings by multiple major shareholders at the same time. This is also an important reason why the sentiment of the AI sector began to become pessimistic and the market reversed.
So is AI already gone? In fact, it may not be so pessimistic. Artificial intelligence is a major trend in industrial development, which will penetrate into all aspects of work and life in the future, and the development space of the industry is very large. Looking back at the market in the first half of this year, we can find that there are three important investment points: the first is the Chag GPT explosion after the Spring Festival. The second is that on March 16, Microsoft released CarPilot with GPT implanted. The third is May 24, the revenue of GPU Leader, NVIDIA Pictou, and Luyibao exceeded expectations. This just corresponds to the "theme hype" from the first stage, to the "industry trend" of the second stage, and then to the landing of products and application scenarios in the third stage, that is, "performance cashing".
AI is a huge industrial chain, according to the Shenwan level can be divided into more than a dozen sub-industries, the same AI sector internal differentiation is very large. The gap between the first and seventeenth places has been more than 50 points since the beginning of the year. Looking at the second half of the year from the current point of time, the general rise may be gone. However, the sub-sectors with higher certainty of performance are still very promising to stand out. What are the subdivisions? Combined with the views of Wells Fargo Fund, CITIC Securities, Minsheng Securities and other institutions, there are three directions that everyone is more optimistic about, one is computing power, the second is AIF, and the third is games. The excellent funds related to these three sub-sectors have also helped you sort them out. Among them, the ETF with the theme of computing power is already in the declaration, tracking the China Securities Computing Power Index and the National Securities Computing Power Index.
You can like these funds first, forward and collect. What about you? Will you still buy AI in the second half of the year? Talk about it in the comment section.
