US stock AI counterattack boosts global tech stocks; Orbbec, a holding of the ChinaAMC Artificial Intelligence ETF (515070), surged over 16%

On July 31, US AI tech stocks saw a long-awaited surge last night, with the three major US indices rising significantly. Microsoft and Meta both allayed market concerns about a slowdown in AI investment through their earnings reports and capital expenditure plans, triggering a long-awaited counterattack in AI concept stocks. Driven by this sentiment resonance from US AI tech stocks, the A-share AI sector surged across the board. As of 9:45, the Huaxia Artificial Intelligence ETF (515070) rose 7.58% intraday. Holdings such as Orbbec saw gains exceeding 16%, Eoptolink rose 13.72%, VeriSilicon gained 13.64%, and Chuangxin Data rose 13.51%. Zhongji Innolight, Montage Technology, Cambricon, and Beijing Ingenic all rose over 10%. The Huaxia Science and Technology Innovation Board and ChiNext Artificial Intelligence ETF (588510) rose 7.79% intraday.

In terms of news, Microsoft's financial report showed that cloud business Azure revenue grew 43% year-on-year, with strong demand for AI services. The company signaled its intention to continue expanding data center construction and AI infrastructure investment. Meta also delivered better-than-expected results and raised its full-year capital expenditure guidance. On the day, Microsoft's stock price rose 15.51%, marking its largest single-day gain since October 2008, adding approximately $450 billion (about 3 trillion yuan) to its market value. SanDisk rose nearly 26%, and Micron Technology rose over 18%.

Morgan Stanley pointed out regarding the recent pullback in the AI sector that the market is shifting towards high-quality stocks, which is a typical mid-cycle transition during the maturation of the business cycle. 25% of S&P component companies reported measurable benefits from AI applications in the second quarter (up from 14% a year ago), and it is expected that AI applications will bring about a net profit margin growth of approximately 100 basis points by 2027. The focus of AI trading is shifting from hardware giants to "adopters of artificial intelligence."

The Huaxia Artificial Intelligence ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713). Its constituent stocks are selected from those providing technology, basic resources, and application-side solutions for AI, gathering the upstream and midstream of the AI industry chain. It is commonly known as the "creator" of the "robot brain" and the "foundation" of the Internet of Everything. The top ten weighted stocks include domestic tech leaders such as Zhongji Innolight, Eoptolink, Cambricon, Montage Technology, Sugon, Hikvision, iFlytek, Accelink, VeriSilicon, and Chuangxin Data.

The Huaxia Science and Technology Innovation Board and ChiNext Artificial Intelligence ETF (588510) closely tracks the CSI Science and Technology Innovation Board and ChiNext AI Index. With a comprehensive fee rate of management plus custody fees of only 0.2%, it is the lowest-cost product among those tracking the same index. It has a 20% intraday limit on price fluctuations, offering ample elasticity and obvious "hard tech" characteristics. The index constituents gather core targets in the AI industry chain from both the [Science and Technology Innovation Board + ChiNext], precisely covering the entire chain from AI upstream computing chips and optical modules, to midstream large models and cloud computing, and downstream industrial applications. According to Shenwan Level II industry classification, the weight of computing chips + CPO optical modules exceeds 68%, making the "optical" and "chip" combination the highest among products in the overall AI track.