At noon on December 26, 2023, the TMT sector continued to lead the decline in A-shares, and the Cloud Computing 50 ETF (516630) once fell by more than 3%, and then bottomed out and rebounded, narrowing the decline. Among the holding stocks, Taiji shares, China Great Wall, Aerospace Hongtu, China Software, Tors, Xin Yisheng, etc. were among the top decliners.
The latest research report of Industrial ** believes that the valuation of overseas SaaS manufacturers is expanding, and they are focusing on domestic mapping opportunities. With the expected changes in US dollar interest rate hikes and the promotion of related companies' businesses, overseas cloud vendors represented by Salesforce, Adobe, Microsoft, etc. have ushered in a new round of valuation expansion. The domestic cloud computing industry has more room for growth than overseas, and the fundamentals of some related leading companies have recovered, and the valuation is cost-effective.
AI models at home and abroad continue to soar, the application of commercial AI products is accelerating, the demand for computing power remains high, the AI industry chain is ushering in a new stage of catalysis, and the superimposed policies to support the artificial intelligence industry chain are not reduced, and the prosperity of popular sectors such as AI applications, computing power leasing, and data elements covered by cloud computing 50 ETF (516630) and big data 50 ETF (516000) is expected to continue to rise.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.