Core Thesis: Upward revisions in overseas computing power demand expectations are reinforcing the domestic computing power mapping logic.

Key Event 1: NVIDIA CEO Jensen Huang stated that next year's chip sales will be double this year's figures. This robust growth forecast clearly indicates that the bottleneck lies in chip production capacity rather than demand, thereby validating the strong momentum of the computing power sector.

Key Event 2: Nebius has comprehensively raised prices for its GPU cloud services, with an average increase of approximately 20%. This price surge underscores the vigorous market demand for GPU computing power.

Key Event 3: Following the Federal Reserve's September rate hike, market panic quickly subsided. Overnight, US AI hardware and chip stocks rallied, with the Philadelphia Semiconductor Index climbing 3.14%. This overseas chip rally is mapping onto the A-share market, benefiting the domestic computing power supply chain.

Core ETF: The HUABAO SHANGHAI SCIENCE AND TECHNOLOGY INNOVATION BOARD ARTIFICIAL INTELLIGENCE TRADING OPEN ENDED INDEX SEC (589520) offers connection funds: Class A (024560) and Class C (024561). This product focuses on 30 larger Shanghai STAR Market listed companies that supply fundamental resources, technology, and application support for AI, with a targeted allocation to the domestic AI supply chain. GPU concept stocks account for 40% of the weight, semiconductors comprise 64%, and software development makes up 14%. The top five holdings by weight are Hygon Information Technology Co.,Ltd., VeriSilicon, Montage Technology, Cambricon Technologies Corporation Limited, and Kingsoft Office. With a 20% daily price fluctuation limit, a MACD golden cross signal is forming, suggesting these stocks could be poised for significant gains!