The AI money-burning battle is escalating! The Huaxia Science and Technology Innovation Semiconductor ETF (588170) saw inflows exceeding 2.9 billion yuan yesterday, leading all ETFs in the market.

As of 13:55 on July 23, 2026, the Huaxia Science and Technology Innovation Board Semiconductor ETF (588170) fell by 3.82%, and the Huaxia Semiconductor Equipment ETF (562590) dropped by 4.06%. Among popular individual stocks, Shengong Shares led the decline with a drop of 6.89%, Yitang Shares fell by 5.92%, Jingyi Equipment declined by 5.73%, ACMI Shanghai dropped by 5.71%, and Shanghai Silicon Wafer fell by 5.71%.

In terms of capital flow, the Huaxia Science and Technology Innovation Board Semiconductor ETF saw an inflow of 2.965 billion yuan yesterday, ranking first in net capital inflow among all ETFs in the market.

On the news front, on Wednesday, both Alphabet and Tesla reported negative free cash flow in their quarterly reports and advised investors to prepare for higher capital expenditures; after-hours stock prices for both companies fell, indicating that the aggressive 'cash-burning' for AI by these two companies caused investors to overlook their impressive revenue performance; however, Wall Street analysts' enthusiasm was not dampened, as they believe that short-term cash burning will yield long-term returns.

Related ETFs: Huaxia Science and Technology Innovation Board Semiconductor ETF (588170) and its feeder funds (Class A: 024417; Class C: 024418): The tracking index is the only semiconductor equipment theme index on the Science and Technology Innovation Board, with storage chip content exceeding 70%, ChangXin Memory Concepts content at 55%, and advanced packaging content highest in the entire market (approximately 60%), focusing on hardcore equipment companies at the forefront of technological innovation.

Huaxia Semiconductor Equipment ETF (562590) and its feeder funds (Class A: 020356; Class C: 020357): Tracking the CSI Semiconductor Materials and Equipment Theme Index, where the content of semiconductor equipment is the highest among all market indices (approximately 66%), and ChangXin Memory Concepts content is also the highest in the entire market index (61%), directly benefiting from the deterministic demand for 'shovel sellers' (equipment manufacturers) amidst the global chip price increase wave.