The new growth industry prosperity cycle led by AI computing power has been established, with the Huabao ETF for artificial intelligence on the ChiNext closing up 1.37%

On September 29th, the Huabao Artificial Intelligence ETF on the ChiNext closed up 1.37%, with a transaction volume of 730 million yuan. The constituent stocks showed mixed performance; on the upside, New Yisheng led the gains, followed by Wangsu Technology; on the downside, Allwinner Technology led the declines, with Jingjia Micro following suit. Huan Securities stated that looking ahead, the main focus in October will be on the content of important meetings, which is expected to boost market risk appetite and generate numerous thematic investment opportunities. Therefore, the market is expected to maintain high levels or experience a fluctuating upward trend. In terms of allocation, it is recommended to continue seeking offensive opportunities. Specifically, the current trend of rising prices is far from over, and a new growth industry cycle represented by AI computing power infrastructure has already been established. While adjustments and fluctuations are inevitable during the unfolding of this trend, its position as the most important core theme in this round cannot be shaken. Additionally, certain industries with strong support from prosperity or performance are also worth participating in. Overall, the two most important allocation themes of growth technology and performance support remain the best choices