AI and chip industry ETFs surge as technology breakthroughs boost market sentiment

On December 12, ETFs focusing on artificial intelligence and the chip industry chain in Hong Kong stocks and A-share markets surged significantly, indicating continued market optimism about the prospects of the AI industry. Multiple related ETFs and individual stocks performed strongly, reflecting investors' growing confidence in this sector. Boosted by news such as OpenAI's release of the GPT-5.2 model and breakthroughs in domestic AI chip technology, the Hong Kong Stock Information Technology ETF (159131) fluctuated higher throughout the day, closing up 2.07% with increased volume, with a single-day trading volume of 82.28 million yuan, recovering both the 5-day and 10-day moving averages in one go. The ETF was established on November 5, 2025, and is the first ETF in the entire market focusing on the "Hong Kong stock chip" industry chain. Its underlying index consists of "70% hardware + 30% software," with Semiconductor Manufacturing International Corporation weighted at 20.48%, Xiaomi Corporation-W weighted at 9.53%, and Hua Hong Semiconductor weighted at 5.80%. In the A-share market, the Chip ETF Tianhong (159310) closed up 1.80%, with a trading volume of 10.9684 million yuan, while the CSI Chip Industry Index it tracks rose 1.8%. Individual stocks performed even more impressively, with Yandong Microelectronics up over 17%, Skyverse Technology up over 10%, and TYSiC, Piotech, and VeriSilicon among the top gainers. Hong Kong stock chip industry chain fluctuated higher in the afternoon, with Forbo Group up over 6%, TYSiC up over 5%, and SenseTime-W, Meitu, and Hongteng Precision up over 4%. The catalyst for the market rise mainly comes from recent major AI technology advancements. OpenAI officially released the GPT-5.2 series models on December 11, which is the company's most advanced artificial intelligence model to date, comprehensively optimized for professional work scenarios and setting industry records across multiple benchmark tests. This move has boosted sentiment in the AI sector. What is even more noteworthy is the technological breakthrough in the domestic AI chip field. DeepSeek-V3.1's special design using UE8M0 FP8 parameter precision for next-generation domestic chips will accelerate the large-scale deployment of domestic AI chips in the future inference-dominated market. Additionally, TileLang, a programming language launched by Peking University specifically designed for AI operator development, is expected to help domestic AI chips establish a mature software ecosystem and significantly lower the development threshold for domestic chip operators. Brokerage institutions are generally optimistic about the development prospects of the AI and chip industry chain. Western Securities analysis suggests that with computing power as the foundation, model advancement, and promising applications, specific attention can be paid to AI chips, DeepSeek-V3.1 design, and domestic computing power directions. Pacific Securities states that as AI technology deeply penetrates and scenarios continue to expand, AI technology is accelerating the empowerment of electronic terminal equipment upgrades, driving breakthroughs in new display technologies, and the domestic electronic technology industry chain will gain structural growth opportunities. Regarding the broader market, Hong Kong's Hang Seng Index rose 446.28 points on the 12th, up 1.75%, closing at 25,976.79 points; the Hang Seng Tech Index rose 103.46 points, closing at 5,638.05 points, up 1.87%. Hong Kong technology stocks collectively strengthened, with SenseTime-W and Horizon Robotics rising over 4%, while Xiaomi Corporation-W, Li Auto-W, ZTE Corporation and others rose over 2%. China Galaxy Securities previously pointed out that "artificial intelligence" has been emphasized in important meetings for two consecutive years, confirming its strategic position as a leading and disruptive technology, as well as China's current main direction for the integration of technology and industry.