Optical Module CPO Sector Remains Active; Eoptolink Technology Targets Seven-Day Rally, AI ETF (159363) Surges Over 2%

Deep News12-03

In early trading on the 3rd, the optical module CPO and computing hardware sectors continued their upward momentum. Eoptolink Technology Inc.,Ltd. rose over 4%, aiming for a seven-day winning streak, while Tianfu Communications gained more than 3%, and Zhongji Innolight climbed over 1%. The AI-focused ETF (159363), which has over 56% exposure to optical module CPO, saw its intraday price surge by more than 2%, potentially breaking out of its consolidation range to challenge previous highs. Trading volume exceeded 100 million yuan, showing a notable increase.

Morgan Stanley's latest research report indicates that supply chain surveys suggest a significant rise in Google's TPU production. The forecast for Google's 2027 TPU output has been revised upward by 67%, from approximately 3 million units to 5 million units, while the 2028 projection surged by 120%, from 3.2 million to 7 million units.

Zhongtai Securities believes that Google, with its integrated ecosystem spanning chips (TPU), networking (OCS), models (Gemini), and applications (cloud computing/search/ads), has built a formidable AI moat, driving sustained capital expenditure growth. With TPU shipment expectations revised upward, rising OCS adoption, and the ramp-up of 1.6T optical modules, suppliers in the CPO optical module sector are poised for significant opportunities.

Guosheng Securities' research highlights that amid the high-growth cycle of the computing power industry, leading optical module manufacturers are accelerating capacity expansion in mainland China and Thailand. The sector is expected to see concentrated capacity releases in Q1 2026, fueling a new earnings growth phase. The firm maintains a bullish outlook on computing power-related stocks, particularly top optical module players.

Hua'an Securities notes that the AI industry's growth trajectory remains robust, with short-term adjustments offering favorable entry points. The firm emphasizes computing infrastructure and AI applications as core investment themes, stating that the current market cycle is still in its early stages.

Investors looking to capitalize on computing power and AI application opportunities may consider the AI ETF (159363), which allocates over 70% to computing power and more than 20% to AI applications, efficiently capturing AI sector trends. (Data as of 2025.11.30)

Source: SSE, SZSE, etc. Note: "First in the market" refers to the first ETF tracking the ChiNext AI Index.

Risk Disclosure: The ETF passively tracks the ChiNext AI Index (base date: 2018.12.28; launch date: 2024.7.11). The index's annual returns from 2020–2024 were 20.1%, 17.57%, -34.52%, 47.83%, and 38.44%, respectively. Index constituents are adjusted per its methodology, and past performance does not guarantee future results. Stock mentions are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R4 (medium-high risk) and suitable for aggressive (C4) or higher-risk investors. Investment decisions should be made independently, and no liability is assumed for direct or indirect losses arising from this content. Past fund performance does not predict future results.

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