The AI sector led the gains in the two markets, and E Fund's related ETFs rose sharply across the board.
As of the midday close, artificial intelligence ETF (159819) rose 3.65%, with a turnover of 219 million; heavy stocks rose across the board, Xinyisheng rose 10.25%, Zhongji Xuchuang rose 9.58%, Inspur Information, Montage Technology and so on.
Cloud computing ETF (516510) rose 3.54%, with a turnover of 88.5955 million yuan; heavy stocks rose across the board, iFLYTEK rose 6.57%, Inspur Information rose 4.28%, Hang Seng Electronics, Guanglianda and others followed.
The Science and Technology Innovation Board 50 ETF (588080) rose 1.47%, with a turnover of 443 million; heavy stocks Kingsoft Office rose 8.62%, Cambrian rose 5.78%, and AMEC and SMIC followed suit.
Software 30 ETF (562930) rose 3.01%, with a turnover of 1.1417 million yuan; heavy stocks Flush rose 6.15%, Yonyou Network rose 2.62%, Zhongke Chuangda, Shenfu and so on.
On the news, in the early morning of September 22, Microsoft Technologies posted through its official WeChat public account that Microsoft's global version of Copilot will be launched in the form of an initial version of the updated Windows 11 from September 26, and will be integrated in the Microsoft 365 intelligent co-pilot this fall.
The AI ETF (159819) tracks the CSI Artificial Intelligence Thematic Index, which selects 50 listed company securities from the Shanghai and Shenzhen markets that are involved in providing basic resources, technologies and application support for artificial intelligence as an index sample to reflect the overall performance of the securities of listed companies with artificial intelligence themes.
Cloud Computing ETF (516510) tracks the CSI Cloud Computing and Big Data Thematic Index, which selects 50 listed company securities whose business involves the provision of cloud computing services, big data services and hardware equipment related to the above services from the Shanghai and Shenzhen markets as an index sample, so as to reflect the overall performance of the securities of listed companies with cloud computing and big data themes in the Shanghai and Shenzhen markets.
The STAR 50 ETF (588080) tracks the SSE STAR 50 component index, which is composed of 50 securities with large market capitalization and good liquidity on the Science and Technology Innovation Board of the Shanghai Stock Exchange, reflecting the overall performance of the most representative group of science and technology innovation enterprises.
Software 30 ETF (562930) tracks the CSI Software Services Index, which selects 30 securities of listed companies whose business involves software development and software services as an index sample to reflect the overall performance of securities of listed companies in the software service industry.
Zheshang Securities pointed out in the research report on September 17 that the new round of industrial cycle is artificial intelligence, 2023 is the beginning of artificial intelligence, should use the industrial cycle dimension of about 5-7 years to analyze its investment context, the core of artificial intelligence lies in data and low computing power applications, that is, soft technology. Compared with manufacturing industries such as hard technology, soft technology has the characteristics of "zero marginal cost expansion", which means that the penetration rate of applications is expected to increase. Therefore, the valuation system of soft technology is naturally different from that of manufacturing. Reviewing the Internet application market from 2013 to 2015, computers rose by 755%, and PETTM rose from 31 times to 160 times, which was an important factor contributing to the rise in stock prices. Since the beginning of the year, computer PETTM has grown from 50 times to 79 times, and has now fallen back to the valuation level of 60 times, which is in a more reasonable position. Looking ahead, on the basis of valuation repair, with the positive progress of AI applications, the superimposed report continues to improve, and the soft technology space represented by computers and media is expected to be further opened.
Related Products:
AI ETF (159819), OTC Connectivity (Class A: 012733; Class C: 012734)
Cloud Computing ETF (516510), OTC Connectivity (Class A: 017853; Class C: 017854)
STAR Board 50 ETF (588080), OTC (Class A: 011608; Class C: 011609)
Software 30 ETF (562930)