As of 14:40 on March 17, 2025, the SSE STAR Market Chip Index (000685) fell by 0.34%. In terms of constituent stocks, Arcjet Technology (688220) led the rise of 8.08%, VeriSilicon (688521) rose 5.64%, and Xinyuan Micro (688037) rose 3.83%; Espressif Technology (688018) led the decline by 4.34%, Fudan Microelectronics (688385) fell 2.91%, and AMEC (688012) fell 2.27%. Kechuang Chip 50 ETF (588750) fell 0.36%, the latest price was 1.1 yuan, and the intraday turnover has reached 15.4587 million yuan, with a turnover rate of 1.18%.

In the long run, as of March 14, 2025, the Science and Technology Innovation Chip 50 ETF has risen by 9.23% in the past 1 month.

In terms of scale, the latest scale of the Science and Technology Innovation Chip 50 ETF reached 1.319 billion yuan, a new high in nearly January, ranking 3/6 of comparable funds.

In terms of shares, the latest share of the Science and Technology Innovation Chip 50 ETF reached 1.198 billion shares, a new high in nearly January, ranking 3/6 of comparable funds.

From the perspective of net inflow of funds, the Science and Technology Chip 50 ETF has received continuous net inflows in the past 5 days, with a net inflow of 23.6896 million yuan in the highest single day, with a total of 73.352 million yuan and an average daily net inflow of 14.6704 million yuan.

SDIC Securities pointed out that the price of the memory chip industry is now at an inflection point. Following SanDisk's announcement on March 6 that the price of all products will be raised by more than 10% from April 1, the five major original factories such as Samsung, Micron, and SK hynix have reduced their production capacity by 35% (Samsung NAND has reduced production by 20% and Micron by 10%), directly driving the global memory chip inventory from a peak of 112 days in 2024 to 68 days (WSTS data). In terms of price, CFM China Flash Memory Market said that the retail brand of YMTC will also raise the delivery price for channels from April. In addition, Micron, Samsung Electronics, and SK hynix also intend to increase the price of NAND. Overall, NAND prices will return to an upward channel as the supply and demand relationship in the NAND flash memory market is about to change rapidly to a favorable supply side.

On the news side, Nvidia will hold an annual technology event from March 17 to 21 local time GTC2025. It is understood that this conference will not only focus on quantum computing, but also release a new generation of Blackwell B300 series chips, and preview the Rubin GPU architecture to be launched in 2026. The Blackwell series is designed to support large-scale AI model training and inference needs with higher computing density and energy efficiency ratio as the core. At that time, NVIDIA will work with leading companies such as IonQ and D-Wave to discuss quantum hardware, algorithms and commercialization paths, and demonstrate the latest progress in the field of next-generation Blackwell chips and quantum computing. At the same time, China's quantum computing technology, represented by "Zu Chongzhi No. 3", is narrowing the gap with overseas, and the synergistic effect of the industrial chain is gradually emerging.

A few days ago, according to market news, Tencent recently purchased a batch of new chips from Nvidia, and in order to deliver orders to Tencent on time, Nvidia H20 chips are in short supply in the short term. Tencent's order is worth billions of yuan. At the same time, it is understood that at Tencent's 2024 annual staff meeting in January 2025, Ma Huateng, chairman and CEO of Tencent, mentioned that Tencent will continue to invest resources in the reserve of computing power. With the continuous development and iteration of AI models, the scope of AI applications will continue to expand, and the demand for computing power is expected to continue to grow in the future. The convening of AI-related conferences by Huawei and NVIDIA is expected to further attract the market's attention to the AI industry, and the release of related new AI products will further accelerate the overall development of the AI industry.

If you are optimistic about the core technology of chips, you can pay attention to the Science and Technology Innovation Chip 50 ETF (588750), which tracks and replicates the Science and Technology Innovation Chip Index, with an elasticity of up to 20%, covering the core links of the chip industry chain, with high purity, high sharpness and high elasticity! Lay out the core links of science and technology innovation chips with a low threshold, efficiently grasp the big market of "new quality productivity", and grab the rebound one step faster! OTC investors can pay attention to feeder funds (A:020628; C: 020629), can be redeemed 7*24.