E Fund STAR Chip ETF (589130) saw net capital inflows exceeding 1.8 billion over the past month

As of 10:20, the SSE STAR Chip Index (000685) fell 0.8%, with constituents including Shanghai Silicon Industry up 5.49%, Raydium Microelectronics up 4.33%, Puran Microelectronics up 2.57%, Piotech up 2.5%, and ACES Technology up 2.33%. Meanwhile, CSIC Special Gas dropped 4.77%, VeriSilicon fell 4.15%, Hygon Information declined 3.64%, SMC Communications-U slipped 2.3%, and Montage Technology dropped 2%. Year-to-date through the previous trading day, the index has surged 118.69%.

The E Fund STAR Chip ETF (589130) continues to see strong capital inflows. Through the previous trading day, the fund recorded net inflows of RMB 114mn over the past month, RMB 1.419bn over three months, and RMB 1.896bn over six months.

In news, the US storage chip sector staged a robust rebound overnight. AI frontier model companies Anthropic and OpenAI both released impressive financial results, bolstering market confidence in the sustained demand for AI hardware. Anthropic's Q2 revenue skyrocketed to over $11.5bn, representing nearly a 14x YoY increase. OpenAI's annualized revenue also reached $40bn, validating the continuous expansion of AI demand.

Consensus estimates place Anthropic's full-year recurring revenue between $75bn and $100bn, with reports suggesting this figure could climb to $180bn-$200bn by year-end. This will translate into 'substantial' procurement demand for AI chips, memory components, networking equipment, and other data center hardware.

Analysis from Mizuho's trading desk highlights that the 'positive financial updates' from Anthropic and OpenAI are the most significant near-term catalysts for chip stocks, as both companies accelerate their push toward IPOs.

The E Fund STAR Chip ETF (589130) closely tracks the SSE STAR Chip Index, which selects securities from STAR Market-listed companies involved in semiconductor materials and equipment, chip design, manufacturing, packaging, and testing. The index aims to reflect the overall performance of representative chip industry companies on the STAR Market.

Related products:

E Fund STAR Chip ETF Feeder Fund (OTC): (020670, 020671)

E Fund Semiconductor Equipment ETF Feeder Fund (OTC) (Class A: 021893; Class C: 021894)

E Fund STAR Chip Design ETF (589030)

E Fund Chip ETF Feeder Fund (OTC) (Class A: 018411; Class C: 018412)