Yesterday (February 22), the Shanghai Composite Index (CSI) hit a 7-day bullish streak, setting a record for the longest consecutive rise in three and a half years. The electronics and computer industry received a net inflow of 7.2 billion yuan of main funds in a single day, and a net inflow of 14.1 billion yuan and 21.2 billion yuan in the past 5 and 20 days, ranking high among 31 Shenyi level industries, reflecting the continuous increase of funds in the electronics sector in recent days. At the same time, the CSI Electronics 50 Index, representing the electronics sector, also achieved a 7-day bullish streak, rising 13.73%.
Wind
The electronic ETF (515260) closely tracking the CSI Electronic 50 Index rose 1.91% in a single day, standing above the 30 day moving average with a transaction volume of nearly 20 million yuan.
Recently, the Sora video model of Wensheng was released, combined with Nvidia's performance exceeding expectations, highlighting the strong demand for computing power in the market. The AI industry is currently in a stage of rapid development, and the importance of "sovereign AI" is self-evident. The State owned Assets Supervision and Administration Commission (SASAC) has organized a special promotion meeting for central enterprise AI, which is expected to mobilize resources from central enterprises and shorten the technological gap. From a long-term perspective, the domestic substitution market for consumer electronics and semiconductors is vast.
1. Nvidia's performance exceeded expectations, highlighting strong market demand for computing power
The financial report released on Wednesday local time showed that Nvidia's revenue in the fourth quarter surged by 265% year-on-year to $22.1 billion, higher than market expectations, and its revenue in a single quarter was even higher than the full year of 2021.
Nvidia stated that the current supply of GPUs is improving and demand is strong. It is expected that the market demand for the company's next generation products will far exceed the supply level, as "building and deploying AI solutions has touched almost every industry."
Guolian Securities stated that Nvidia's performance has continued to increase and exceeded expectations, demonstrating strong demand for computing power. The domestic optical communication industry is expected to fully benefit from the strong computing power demand in North America and achieve long-term performance growth.
2. The special promotion meeting for AI in central enterprises is held, which is expected to drive investment in the domestic AI industry chain
On February 21st, the State owned Assets Supervision and Administration Commission of the State Council held a special promotion meeting on AI for central enterprises, proposing to accelerate the construction of a number of intelligent computing power centers.
Zhejiang Securities believes that 2024 is expected to become the "first year of AI innovation for central enterprises". The signal significance of the State owned Assets Supervision and Administration Commission's move is obvious, and its 98 central enterprises are expected to respond in turn. At the same time, central enterprises have more abundant funds and higher requirements for data security, which may drive a new round of investment in the AI industry, especially in private clouds. Domestic AI chip suppliers, server manufacturers, private cloud suppliers, and information technology subsidiaries within the central enterprise system are expected to benefit in turn. In addition, SORA's educational videos have stunning effects and are expected to bring about an explosion of computing power demand ahead of schedule.
On the layout tool, data shows that the Electronic ETF (515260) tracks the CSI Electronics 50 Index and holds 50 leading electronic stocks in A-shares, covering popular industry leaders such as AI chips, consumer electronics, automotive electronics, 5G, and cloud computing, with a one click layout of A-share electronic core assets. Investors who are optimistic about the development opportunities of consumer electronics and semiconductors, and related electronic ETFs (515260).
Data source: CSI Index Company
Data sources: Wind, Shanghai and Shenzhen Stock Exchanges, Huabao Fund, etc.
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