On June 3rd, major stock indices showed mixed results, with the chip sector experiencing a significant rise in the morning. As of 9:39, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) rose by 2.94%; among the sample stocks, Motorcomm surged over 19%, Centec Communications increased by over 11%, and DiAoWei, LanQi Technology rose by over 8%, with Zhongwei Semiconductor, Aojie Technology, and Lianyun Technology also seeing substantial gains.

According to Wind data, as of the previous trading day, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) tracked the Shanghai Stock Exchange STAR Market Chip Design Theme Index, which has risen by 106.19% over the past year.

Reports indicate that Google's parent company plans to raise $80 billion to support its infrastructure development in the field of artificial intelligence. Berkshire Hathaway, led by Warren Buffett, intends to invest $10 billion.

Additionally, NVIDIA's CEO Jensen Huang recently stated that Marvell Technology could become the next chip company to enter the trillion-dollar market cap club. He predicts that the emergence of autonomous models will drive a surge in demand for AI hardware. It is reported that Marvell is one of only two companies (the other being Broadcom) that produce high-speed DSP chips for AI data centers.

The arms race in AI infrastructure is intensifying. According to estimates from Google, Microsoft, Amazon, and Meta, the four tech giants' capital expenditures this year will exceed $72 billion. Wall Street analysts predict that by 2027, total capital expenditures by tech companies in the AI sector could surpass $1 trillion.

Goldman Sachs stated that the current shortage of memory chips will last at least until 2028. The computing power of AI accelerators far exceeds the data transfer speed and capacity of memory, making memory bandwidth and capacity the main bottleneck limiting the scalability of the next generation of AI models. Meanwhile, due to memory chip companies prioritizing the production of HBM, the pace of increasing traditional memory capacity is slower than in the past. Goldman Sachs also expects memory chip suppliers to expand long-term agreements with customers to improve demand visibility and develop more efficient capital expenditure plans.

The AXA SPDB SSE STAR Chip Design Thematic ETF (589250) closely tracks the Shanghai Stock Exchange STAR Market Chip Design Theme Index (950162), focusing on 50 listed companies in chip design on the STAR Market, with nearly 80% of the weight in digital chip design. It avoids segments such as semiconductor materials, equipment, manufacturing, and packaging/testing, and compared to the semiconductor materials index, it has a lower valuation, aligning better with industry development trends.

In terms of elasticity, the Shanghai Stock Exchange STAR Market Chip Design Theme Index only includes chip design companies from the STAR Market, with constituent stocks having a daily fluctuation range of ±20%, offering greater elasticity and aggressiveness.

In terms of growth, the AXA SPDB SSE STAR Chip Design Thematic ETF (589250) tracks the Shanghai Stock Exchange STAR Market Chip Design Theme Index, which has cumulatively risen by 141.86% from January 5, 2024, to March 30, 2026, making it the top-performing chip industry thematic index, surpassing the STAR Chip (133.60%), the CSI All Share Semiconductor (97.77%), and semiconductor materials and equipment (98.39%) Related products:

The AXA SPDB SSE STAR Chip Design Thematic ETF (589250) includes core leading companies in the chip industry, with strong hard technology attributes, allowing for one-click configuration of the domestic chip industry chain