AI industry chain and domestic substitution will continue to be the main investment theme in the second half of the year. The ChiNext artificial intelligence ETF Huabao rose 4.21% at noon.

date
01/08/2025
On July 31, by the midday break, the GEM Artificial Intelligence ETF Huabao rose by 4.21%, with a trading volume of 2.83 billion yuan. The constituent stocks surged, with Tianfu Communication rising by 10.51%, Deep Info Tech, Zhongji Xuchuang rising by over 8%, and Xinyisheng, Runze Technology, and Wangsu Technology rising by over 4%. Huaxi Securities stated that since the second quarter, the A-share market rally and the "rise in public and private positions, net inflow of financing funds" have formed a positive feedback effect. In the future, with the emergence of stock market profit-making effects, it is worth expecting an increase in incremental funds from residents entering the market, and A-shares may have the opportunity to challenge the high point of 2024 in the second half of the year. In terms of allocation, it is recommended that investors look for certain main themes: first, new technologies and growth directions related to the "14th Five-Year Plan," such as AI computing power, robotics, military industry, marine economy, solid-state batteries, etc.; second, benefiting from the direction of anti-overwork and price increases in related resource sectors. Looking ahead to investment opportunities in the second half of the year, Freshwater Spring Investment believes that in the technology field, the AI industrial chain and domestic substitution will continue to be the main investment themes; in the automotive sector, attention should be focused on high-end and intelligent vehicles, as well as the industrial chain's asset value, especially as mid-to-high-end independent brands are entering a golden development period of simultaneous volume and price increases, with intelligence becoming a key factor in differentiated competition in the automotive industry.