Publicly and privately funded institutions are conducting extensive research on the AI track with well-known fund managers such as Xie Zhiyu, Feng Mingyuan, Fu Pengbo, Zhao Yi, Feng Bo, Deng Xiaofeng, Feng Liu, and Dong Chengfei appearing.
Recently, the consecutive rises of NVIDIA and Apple have added fuel to the AI boom, Apple's AI has demonstrated the possibility of wide-ranging application of AI in the application end. Since the second quarter, the golden AI track seems to have also become the consensus of institutional investors. Public and private placement institutions have actively researched the AI track. Many top fund managers have come in, and they focus on the industry chain, including semiconductors, chips, computers, and software.
"Top" fund manager actively researches
During the second quarter, Xie Zhiyu researched Hengfeng test & control and China National Software Leading Enterprise Zhongwang Software. These two stocks were not the first time they entered Xie Zhiyu's view. Xingquan He Run held 2.1183 million shares of Hengfeng Test & Control at the end of the first quarter of this year, while Zhongwang Software obtained Xie Zhiyu's layout in the second quarter of 2023, and Xingquan He Run newly acquired 1.8909 million shares and has been holding it all the way.
Zhongwang Software has also been favoured by other fund managers. At the end of April, Yi Fangda's 10 billion fund manager Feng Bo also researched the company. The "top" of HSBC Jin Xin Fund managed by Lu Bin bought nearly 1.5 million shares of Zhongwang Software in the fourth quarter of last year. Feng Mingyuan of Xinda Aoyao Fund researched the in-vehicle video surveillance company Streamax Technology. When asked by investors, the company stated that it has accumulated autonomous driving technology for closed scenes and applied it to smart cleaning vehicles, but the road from guided driving to intelligent driving for commercial vehicles on open roads is still long.
Quanguo Fund Zhao Yi researched Sanhua Intelligent Control. In the first quarter of this year, Quanguo Xuyuan San Nian held more than 21 million shares of Sanhua Intelligent Control. Zhao Yi and Ruiyuan Fund Fu Pengbo both researched Luxshare Precision Industry. As a leading company in the fruit chain, Luxshare Precision Industry used to be Fu Pengbo's favorite. By the end of the first quarter of this year, Luxshare Precision Industry was still Fu Pengbo's third-largest heavy holding stock, but Fu Pengbo has now exited the top ten circulating shareholders of the company.
Private equity institutions have Deng Xiaofeng researched Hongfa Technology and Jiangsu Jiejie Microelectronics, Feng Liu researched Hikvision, and Dong Chengfei researched Hubei Dinglong. Jiangsu Jiejie Microelectronics and Hubei Dinglong are both semiconductor industry chain companies. Jiangsu Jiejie Microelectronics was asked about "the progress of third-generation semiconductors" and "the future development direction", while Hubei Dinglong was concerned about "the progress of the semiconductor display material business" and "the pace of high-end wafer photoresist businesses".
"Top" fund manager actively researches
In terms of private equity institutions, Gao Yi Asset Deng Xiaofeng researched Hongfa Technology and Jiangsu Jiejie Microelectronics, and Feng Liu researched Hikvision, while Dong Chengfei researched Hubei Dinglong. Jiangsu Jiejie Microelectronics and Hubei Dinglong are both semiconductor industry chain companies. Jiangsu Jiejie Microelectronics was asked about the "progress of third-generation semiconductors" and "future development direction", while Hubei Dinglong was concerned about "progress of the semiconductor display material business" and "pace of high-end wafer photoresist businesses".
Hangzhou Hikvision Digital Technology is the representative of Feng Liu's heavy holdings in recent years. Since the Xingquan Linshan No.1 Far View Fund he manages entered the top ten circulating shareholders in 2020, there has been no quarter in which he has withdrawn. However, recently, Feng Liu has begun to continuously reduce his holdings of Hangzhou Hikvision Digital Technology. In the fourth quarter of last year and the first quarter of this year, Feng Liu successively reduced his holdings by 8 million shares and 16 million shares, and the shareholding fell to 411 million shares, accounting for 4.40% of the total shares.
Institutions continue to focus on the AI track
Wind data shows that since the second quarter, the AI industry chain has received key attention and research from major institutions. Zhejiang Supcon Technology, an automation equipment company, received research from 780 institutions and became the AI track company most focused on by institutions in the second quarter. In addition, montage Technology, Suzhou TFC Optical Communication, Anker Innovations Technology, Hangzhou Hikvision Digital Technology and other companies are also among the most researched.
Looking at it by month, in April, institutions focused on researching companies such as SuZhou TFC Optical Communication, Luxshare Precision Industry, Huizhou Desay SV Automotive, Montage Technology, among others; in May, institutions focused on researching Zhejiang Supcon Technology, Foxconn Industrial Internet, Anker Innovations Technology, among others; in June, institutions conducted intensive research on enterprises such as MEMSensing Microsystems(Suzhou, China)Co., Ltd., YGSoft Inc., GOsuncn Technology Group, among others.
During the research on Zhejiang Supcon Technology, institutions mainly understood the company's strategic layout in the field of industrial digitalization and intelligent transformation under the current trend, as well as the products released at the global new product launch conference in Singapore at the beginning of June. Zhejiang Supcon Technology stated that based on a solid industrial data foundation, the company has carried out comprehensive exploration in the field of industrial AI, has initially formed a series of industrial AI products and solutions, deeply integrated artificial intelligence technology, and built "AI+ data" as its core competitiveness.
Digital chip company Montage Technology revealed during research that with the launch of the server CPU platform that supports DDR5-6400 RDIMM memory modules, the company's third-generation DDR5 RCD chip will scale up shipments from the second half of this year. In addition, benefiting from the rapid growth in demand for AI servers, the market size of PCIe5.0 Retimer chips is expected to increase significantly compared to the previous generation.
During the research process on Luxshare Precision Industry, institutions raised questions such as: how will the AI applications of major clients be reflected in the terminal? Will the future combine artificial intelligence to improve the production line? Luxshare Precision Industry stated that MR/AR/VR products will have more room for further development, but in the current relatively mature market for mobile phones and wearable products, the speed of landing will be faster.
Regarding the development of the AI industry, BOCC International believes that the landing of edge AI is expected to continue to cultivate user habits of using AI services, and can create richer functions in subdivisions. The rise of AIPC and AI smartphones will redefine the competitive landscape, and AI will promote the market towards technological innovation and focusing on user experience. Manufacturers with advanced AI layouts and complete ecosystems will have an advantage in the new round of competition in the industry.