Over the weekend, a unique event took the tech and investment circles by storm - the world's first humanoid robot half marathon kicked off with a gunshot. On the 21-kilometer track, 20 teams of robots put on a hilarious and astonishing "debut of silicon-based life" : some robots strolled as slowly as snails, some suddenly "lost their legs" and fell to the ground while running, and even some athletes "lost their heads" while sprinting. The scene of engineers frantically picking up their heads was so amusing that it couldn't help but make people laugh. This seemingly absurd event, however, has enabled astutely sensitive capital to sense the smoke of competition in the future trillion-yuan race track.

From "Wrestling Tournament" to Technological Breakthrough: The Awakening Moment of Humanoid robots

When UBTECH's Tiangong Ultra crossed the finish line in 2 hours and 40 minutes, the "ChinaAMC "Logo on its jersey unexpectedly became popular. This competition is not only a contest of technological strength, but also serves as a "magic mirror" for the capital market. As Ping An Fund Manager Zhang Yinxian put it, "These embarrassing situations of falling and turning around precisely confirm the growth potential of humanoid robots as a new species."

The breakthrough in technical bottlenecks is exciting: The Utree H1 robot has achieved a sprint speed of 5m/s, which is equivalent to the level of a human running 100 meters in 12 seconds. The gyroscope accuracy reaches the 0.01 degree level, and the algorithm of 300 posture adjustments per second makes bipedal walking increasingly stable. However, what truly excited the capital was the pain points exposed by the event - the battery life was less than three hours and the ability to adapt to complex terrains was weak. These shortcomings precisely correspond to a trillion-yuan incremental market. Chinaamc stated straightforwardly: "Harmonic reducers, multimodal sensors, reinforcement learning algorithms - each technological breakthrough may give rise to new unicorns."

Capital races in the "steel Marathon" : The trillion-yuan track starts with a gunshot

The "tricks" played by fund companies on the field are full of hidden secrets: E Fund stuck the ETF code on the robot of the Tsinghua University team, Tianhong Fund set up a "robot supply station" to showcase its products, and ChinaAMC even implanted its LOGO into the champion's jersey. This is by no means a simple brand marketing; rather, it is a competition of capital for the discourse power of the industry. Data shows that in the second week of April alone, robot-themed ETFs attracted over 1.4 billion yuan. The scale of products under ChinaAMC soared by 182% to 11.6 billion yuan, and the undercurrents of funds were clearly visible.

Du Houliang of China AMC's prediction of "a hundredfold increase in three years" is not a fairy tale. It can be seen from the event that scenarios such as industrial handling and high-risk inspection have already met the conditions for implementation, and it is expected that there will be explosive growth in 2025. Yu Huan of Great Wall Fund found through research that local governments have provided unprecedented support for the robot industry. A certain industrial park in the Yangtze River Delta has gathered over a hundred upstream and downstream enterprises, confirming the arrival of the "first year of mass production".

The right way to invest in "silicon-based life" : See the stars through the fog

Facing a 30% pullback in the sector, Lei Zhiyong of Morgan Stanley offers a rational guide: Say goodbye to story speculation and focus on enterprises where orders have been implemented. At present, companies with three major characteristics are worth paying attention to: performance growth rate exceeding that of last year, strategic all-in humanoid robots, and fulfillment of existing mass production orders. Just as ChinaAMC put it: "This competition is comparable to the eve of the iPhone in 2007, imperfect but full of possibilities."

When a humanoid robot stumbles and runs 21 kilometers, what humans witness is not only the immaturity of technology, but also the toddling of a new era. Perhaps, just like the 1.3-meter cute robot wearing a silk scarf in the event, in its clumsy dance steps, there lies the genes that can change the world. For investors, what is needed at this moment is not only the sharp eye to spot talents, but also the courage to dance with the future - after all, a hundred years ago, trains also lost to carriages, but it is always the innovators who dare to set out first that ultimately change the world.