In a powerful market move, technology shares are surging following outspoken comments from NVIDIA's chief executive, with the HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) tracking index climbing over 2.88% during intraday trading on Wednesday (September 18), positioning itself for a sixth consecutive daily gain.
Leading the charge are digital chip design companies, with 复旦微电 and 乐鑫科技 both advancing more than 5%, while 海光信息 climbed over 4%. 寒武纪 and 芯原股份 each rose more than 3%. Additional standout performers included 云天励飞-U, which led with a gain exceeding 6%, alongside 星环科技-U and 奇安信-U, both up more than 5%.
The market catalyst stems from Jensen Huang's declaration that NVIDIA's chip sales next year will double this year's figures. Huang elaborated that artificial intelligence's expanding presence across healthcare, manufacturing, and financial services will drive this substantial growth, marking another forceful growth forecast from the company. He also noted that demand currently outpaces production capacity, positioning supply ability as the primary constraint rather than market appetite.
Adding to the bullish narrative, AI computing rental provider Nebius announced plans to raise GPU cloud service pricing by approximately 20% starting October 1, underscoring sustained robust demand in the GPU computing market.
On the macro front, post-Fed rate cut sentiment has rapidly stabilized. Oil prices declined for a second consecutive session, tempering inflation expectations and supporting a rebound in both equities and bonds on Thursday. The S&P 500 recorded its largest single-day gain in six weeks, with the Nasdaq advancing 1.69% and the Philadelphia Semiconductor Index surging 3.14%, as hardware and semiconductor stocks rallied strongly.
Where the technology market stands
According to 兴业证券, the technology sector is accumulating conditions for recovery and currently sits in a turning-point incubation phase. Once a positive cycle materializes, sector repair is expected to transition from existing capital rotation to fresh incremental funding. Meanwhile, 国盛证券 points out that AI computing power and domestic substitution trends have received multi-layered validation, with hardware technology industry momentum and medium-term trajectory remaining intact.
The conclusion of the 27th China International Optoelectronic Exposition further confirmed the AI computing and localization industry narrative. Combined with persistent memory supply shortages, power device price increases, and supportive policy measures, the fundamental support for hardware technology remains solid. Key upcoming watchpoints include policy implementation details and the earnings reporting window.
Strategic positioning for domestic AI leadership
The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) and its linked funds (联接A: 024560, 联接C: 024561) are deliberately weighted toward the domestic AI industrial chain. The fund holds 30 larger-capitalization STAR Market companies providing foundational resources, technology, and application support to the AI sector, with semiconductor industry weightage around 70%, offering significant offensive characteristics. Measured by popular concept metrics, GPU-related stocks constitute 40% of holdings while AI application concepts represent 20%. With daily price fluctuation limits of 20%, the ETF provides accessible entry to the STAR Market's breakout momentum. Additionally, it qualifies as a margin trading and securities lending target, serving as an efficient one-stop tool for domestic computing power exposure.
Risk disclosure: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) passively tracks the SSE STAR Market Artificial Intelligence Index. This index has a base date of December 30, 2022, and was published on July 25, 2024. Constituent stocks are adjusted according to index compilation rules over time, and historical backtesting results do not predict future index performance. Individual stocks mentioned serve illustrative purposes only and do not constitute investment advice in any form, nor do they represent holdings or trading activities of any fund under the manager's umbrella. The fund manager rates this ETF as risk level R4 (medium-high risk), suitable for aggressive (C4) investors and above; please refer to sales institutions for appropriateness matching opinions. All information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is provided for reference only. Investors bear sole responsibility for their own independent investment decisions. Additionally, any views, analyses, or forecasts herein do not constitute investment advice to readers, nor shall any liability be assumed for direct or indirect losses arising from use of this content. Fund investment carries risks; past performance does not guarantee future results, and performance of other funds managed by the same manager does not constitute a guarantee of fund performance. Please invest cautiously.