On July 27, Changxin Technology's listing spurred enthusiasm for technology stocks. The three major A-share indices rose across the board, and the GEM artificial intelligence ETF Huabao surged 3.21%, with a volume turnover of 1,447 billion yuan. In terms of capital flow, it received a net subscription of 888 million yuan in the past 10 days. According to recently disclosed data from the second quarterly report, the GEM AI ETF Huabao earned 2,795 billion yuan for holders in the second quarter, plus 89 million yuan in profit for the first quarter, or 2,884 billion yuan for investors in the first half of the year. CITIC Securities believes that the second crude oil shock will not change the August market recovery trend, and is optimistic about the convergence between the AI chain and non-AI, technology and non-technology. Judging from volume, price and sentiment indicators, negative events and narratives have been reflected in extreme short-term declines. The process of reducing risk appetite is nearing its end, and there is a high probability that the market will generally reverse rotation in August. Galaxy Securities said that the subsequent market will shift from general gains to structural opportunities based on performance screening. It suggests a balanced allocation in the short term. On the one hand, wait for the reported boom to be realized on the technology segment circuit, lay out hard core links with the ability to achieve continuous profits, and on the other hand, seize the repair window for low-value sectors. Balanced layout of “hardware+application”, seize AI theme opportunities in all aspects, and focus on GEM artificial intelligence ETF Huabao and OTC connectivity.

On July 27, Changxin Technology's listing spurred enthusiasm for technology stocks. The three major A-share indices rose across the board, and the GEM artificial intelligence ETF Huabao surged 3.21%, with a volume turnover of 1,447 billion yuan. In terms of capital flow, it received a net subscription of 888 million yuan in the past 10 days. According to recently disclosed data from the second quarterly report, the GEM AI ETF Huabao earned 2,795 billion yuan for holders in the second quarter, plus 89 million yuan in profit for the first quarter, or 2,884 billion yuan for investors in the first half of the year. CITIC Securities believes that the second crude oil shock will not change the August market recovery trend, and is optimistic about the convergence between the AI chain and non-AI, technology and non-technology. Judging from volume, price and sentiment indicators, negative events and narratives have been reflected in extreme short-term declines. The process of reducing risk appetite is nearing its end, and there is a high probability that the market will generally reverse rotation in August. Galaxy Securities said that the subsequent market will shift from general gains to structural opportunities based on performance screening. It suggests a balanced allocation in the short term. On the one hand, wait for the reported boom to be realized on the technology segment circuit, lay out hard-core links with the ability to achieve continuous profits, and on the other hand, seize the repair window for low-value sectors. Balanced layout of “hardware+application”, seize AI theme opportunities in all aspects, and focus on GEM artificial intelligence ETF Huabao and OTC connectivity.