The newly disclosed second-quarter report of public funds shows that in the AI-led market in the second quarter of this year, public funds actively participated. By the end of the second quarter, public funds had greatly exceeded the electronics industry, with a record holding ratio in individual industries. According to estimates by GF Securities, as of June 30, public funds held 43.4% of their holdings in the electronics sector. Considering that electronics accounted for 23.6% of the market value of free circulation in all A, the fund was overallocated by about 20 percentage points. Judging from history, the last time a single industry held more than 30% dates back to the bank at the end of June 2009. At that time, the fund's holding ratio to the banking industry was about 35%, and the overallocation was about 16 percentage points. Judging from this round of AI investment, there are obvious characteristics of market expansion. Data shows that over the past year, investment opportunities in the pan-AI industry chain have increased. Apart from the core links of overseas computing power in the early stages, opportunities related to the industrial chain have continued to expand. Judging from the changes in the second quarter, public funds increased their holdings mostly in sectors such as optical chips, optical module testing equipment, AI price increases, computing power, semiconductor equipment, and PCB equipment. Corresponding to this, Hong Kong stock assets, high oil price inflation chains, commercial aerospace, robotics, dividend sectors, and non-AI investment opportunities such as procyclics are “getting narrower and narrower,” and the fund's holdings continue to be reduced.

The newly disclosed second-quarter report of public funds shows that in the AI-led market in the second quarter of this year, public funds actively participated. By the end of the second quarter, public funds had greatly exceeded the electronics industry, with a record holding ratio in individual industries. According to estimates by GF Securities, as of June 30, public funds held 43.4% of their holdings in the electronics sector. Considering that electronics accounted for 23.6% of the market value of free circulation in all A, the fund was overallocated by about 20 percentage points. Judging from history, the last time a single industry held more than 30% dates back to the bank at the end of June 2009. At that time, the fund's holding ratio to the banking industry was about 35%, and the overallocation was about 16 percentage points. Judging from this round of AI investment, there are obvious characteristics of market expansion. Data shows that over the past year, investment opportunities in the pan-AI industry chain have increased. Apart from the core links of overseas computing power in the early stages, opportunities related to the industrial chain have continued to expand. Judging from the changes in the second quarter, public funds increased their holdings mostly in sectors such as optical chips, optical module testing equipment, AI price increases, computing power, semiconductor equipment, and PCB equipment. Corresponding to this, Hong Kong stock assets, high oil price inflation chains, commercial aerospace, robotics, dividend sectors, and non-AI investment opportunities such as procyclics are “getting narrower and narrower,” and the fund's holdings continue to be reduced.