The STAR Chip Design ETF Tianhong (589070) underlying index fell over 1%, with valuations below the index level for more than 99% of the time since its release, presenting a good opportunity for allocation

The Tianhong SSE STAR Chip Design Thematic ETF (589070) saw its underlying index drop over 1%, with a transaction volume of CNY 23.8674 million and a turnover rate of 3.78%. The fund has reached a scale of CNY 638 million, showing significant growth year-to-date. The ETF focuses on cloud training chips, edge inference chips, and domestic GPUs, aligning with the growing demand for AI computing power. The current PE-TTM is 174.84 times, with valuations at a low level, providing a significant investment safety margin. The domestic demand for AI computing power has surged, storage chip prices have risen, and relevant technological breakthroughs are also advancing