Huaxia Science and Innovation AI ETF (589010) tested lower on volume expansion and rebounded, with strong willingness to take positions at lower levels

As of 10:45 today, the Sci-Tech Innovation Artificial Intelligence ETF Huaxia (589010) shows a rebound after a dip. The latest price is 1.476 yuan, narrowing the decline to 0.740%. During intraday trading, the index successfully rose above the average line after testing lows in the morning, indicating a clear improvement in market sentiment. In terms of holdings, the constituent stocks tracked by this ETF are performing actively. Lingyun Optoelectronics led the gains with over 5%, while Jingchen Co., Ltd. and Huitian Ruisheng rose nearly 3%, demonstrating continued interest in AI applications and computing power sectors. Key stocks like Cambrian and Fudan Microelectronics gained over 1.5%, with their rising weights playing a crucial leading role, helping the index stabilize and rebound.

Regarding liquidity and indicators, the trading volume has reached 48.65 million yuan, with a turnover rate of 2.15%. Notably, the current volume ratio has increased to 2.25, indicating significantly higher intraday trading activity compared to earlier. The volume-driven rebound reflects strong willingness from funds to absorb positions at low levels, signaling a shift from consolidation with decreasing volume to an active phase of oscillation and shakeout. Market signals show that the intra-market order ratio has reached +47.34%, with buy orders far exceeding sell orders. Over the past five days, there have been three days of net capital inflow, indicating that despite ongoing volatility, medium- to long-term funds are still entering steadily, and short-term strategies should continue to monitor the effectiveness of the support at the average line.

In news, Elon Musk’s AI startup xAI is experiencing a wave of co-founder departures. Dai Zihang has left, and Zhang Guodong plans to leave soon. Previously, several founding members have already exited. After these two leave, only 2 of the 11 founding members will remain on the team; Zhang Guodong previously reported directly to Musk and was responsible for two key projects, GrokCode and GrokImagine. Musk admitted in a March 11 meeting that Grok’s current programming ability lags behind, and efforts are underway to catch up with competitors.

Industrial Securities states that global AI competition is intensifying, with model iteration driving application development. By 2026, the global AI race will continue to heat up, with rapid model improvements opening new application spaces, and blockbuster applications highly anticipated. The overseas landscape is shifting from dominance by OpenAI to a multipolar structure, providing ongoing benchmarks for the domestic market; domestically, an application explosion is approaching, with tech giants accelerating their deployment, and model iteration and scenario penetration resonating with each other.

The Sci-Tech Innovation Artificial Intelligence ETF Huaxia (589010) closely tracks the SSE Sci-Tech Innovation Board Artificial Intelligence Index, covering high-quality companies across the entire industry chain. It combines high R&D investment with policy support, and its 20% price fluctuation limit and small/mid-cap flexibility help capture the ‘singularity moment’ of the AI industry.

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