On the morning of August 5, the three major A-share indices opened higher collectively, with the Shanghai Composite Index up 0.15%, the Shenzhen Component Index up 0.34%, and the ChiNext Index up 0.65%. In terms of sectors, robotics and PEEK material concepts remained strong, while the defense sector performed actively. After the opening, the recently popular Cloud Computing 50ETF (516630) fluctuated along with the index. Among its holdings, Zhongke Star Atlas, Zhongji Innolight, and New Essex led the gains, while Wanxing Technology, Yidian Tianxia, and SDIC Intelligence were among the top decliners.
On the news front, the three major U.S. stock indices closed higher overnight, with the Dow up 1.34%, the Nasdaq up 1.95%, and the S&P 500 up 1.47%. Popular tech stocks broadly rose, with NVIDIA leading the "Magnificent Seven" with a 3.6% gain. Additionally, market expectations for a Fed rate cut have continued to rise. Recently, Fed official Daly stated that, given signs of a softening labor market and the fact that tariffs have not triggered sustained inflation, the timing for rate cuts is approaching, and two cuts this year remain an appropriate adjustment.
Great Wall Securities believes that, on one hand, as large AI models continue to upgrade globally, the demand for higher AI inference capabilities and computing power is increasing. On the other hand, the continuous improvement in chip performance is also driving breakthroughs in AI industries such as large models. Meanwhile, as AI models increasingly simulate human-like capabilities, more AI+ commercial applications are becoming viable. AI-based digital interaction is expected to become the next hot trend in the internet and gaming industries, and institutions remain optimistic about investment opportunities across the computing power supply chain.
Public information shows that Cloud Computing 50ETF (516630) tracks the Cloud Computing Index (930851), which has high AI computing power exposure, covering popular concepts such as optical modules & components, computing power leasing, data centers, AI servers, and liquid cooling. Cloud Computing 50ETF (516630) is the lowest-cost ETF tracking this index.
