The underlying index of the AI ETF E Fund (159819) has surged over 90% in the past year, offering a one-click package for the AI industry chain.

As of 9:43, the CSI Artificial Intelligence Theme Index (930713) fell 1.57%. Among the weighted components, Eoptolink fell 7.25%, Zhongji Innolight rose 1.67%, Cambricon fell 0.68%, Montage Technology rose 3.36%, Sugon rose 1.1%, Hikvision fell 0.39%, iFLYTEK fell 1.9%, OmniVision rose 0.39%, VeriSilicon fell 1.78%, Runze Technology fell 4.53%. As of April 23, the CSI Artificial Intelligence Theme Index has risen 95.17% over the past year.

The E Fund Artificial Intelligence ETF (159819) tracks the CSI Artificial Intelligence Theme Index. As of the previous trading day, the fund's average daily turnover in the past month was 5.81 billion yuan, ranking first among its peers. It features active on-exchange trading and strong liquidity, meeting investors' needs for large-volume transactions.

On the news front, Huawei released a new generation of the HarmonyOS cockpit, HarmonySpace 6, bringing three major upgrades: in-cabin perception, smart interaction, and mobile audio-visual. As the industry's first cockpit intelligence capable of full-scenario cross-domain interaction, the new HarmonyOS cockpit's XiaoYi Intelligence has attracted much attention. It features a newly upgraded MoLA 2.0 architecture. Through a multi-modal large model with hundreds of billions of parameters, it can further enhance XiaoYi Intelligence's understanding, decision-making, and execution capabilities. XiaoYi Intelligence will be upgraded to a full-scenario conversational AI assistant, integrating navigation, vehicle control, chatting, and life services. It can chat, control the car, navigate, and order food simultaneously, switching tasks at any time.

GF Securities believes that the current trading concentration in the A-share AI sector (the MA20 of the top 5% stocks' trading volume share is 43.9%) has not yet reached historical extremes and is not synchronized with market peaks. In a macro environment where broad-based demand remains relatively weak, AI is a scarce high-growth track globally for 2026, having driven widespread upward revisions in global EPS forecasts. Drawing on U.S. stock market experience and the unique nature of the technological revolution, the sustainability for AI-related high-growth companies to maintain high market capitalization and trading volume shares is plausible.

The E Fund Artificial Intelligence ETF (159819) adopts a relatively low fee structure within the industry, with a management fee of 0.15% per year and a custody fee of 0.05% per year, significantly lower than similar funds, providing long-term holders with a more attractive cost advantage. The low-fee design aligns with ETF investment characteristics, helping investors capture the growth dividend of the AI industry at a lower cost.