The prosperity of the AI computing power industry chain continues, and can be leveraged by the establishment of an AI ETF on the Growth Enterprise Market for low positions.

On September 23, as of the midday break, the ChiNext Artificial Intelligence ETF Huabao fell by 2.06%, with a trading volume of 8.36 billion yuan. The component stocks saw mixed gains and losses, with Jingjia Micro leading the gains and Shenxin Fu leading the declines. Shenwan Hongyuan Securities stated that looking ahead to the future market, the understanding of the short-term market remains unchanged, and A-shares have not yet escaped the small-scale consolidation phase. Over the past period, overseas computing power continues to catalyze, with new catalysts fermenting in solid-state batteries, energy storage, and Tesla robots, but it is still not enough to drive the overall index higher. At the same time, some key links in sector rotation have been obstructed, limiting the elasticity of high-cut and low-market trends. The medium-term market view remains unchanged, a bull market can be slow, but it still has depth. The "double bottom area" of A-shares' fundamentals and inflows of funds only have two possible scenarios in the future: "continuing to grind the bottom" and "improvement". The window before the spring of 2026 may see more opportunities for technological catalysis, while catalysts for demand side and anti-inversion still need to wait, and the momentum in technology may continue. In terms of allocation, investors can first focus on structural market trends: the prosperity of the AI computing industry chain continues, and the narrative of market-driven demand for energy storage continues. In the short term, the focus will still be on event-driven themes/price increase themes, while in the medium term, there are optimistic about reassessment opportunities in photovoltaics and the chemical industry.