During intraday trading on November 2, AI application stocks were broadly active, while leading optical module CPO names staged an intraday recovery. The ChiNext Artificial Intelligence ETF Huabao (159363), which allocates to optical module CPO leaders plus AI applications, dipped and then rebounded in on-exchange trading, with its underlying index climbing more than 3% amid elevated trading activity.
On the AI application side, Mango Excellent Media Co.,Ltd. (300413) ignited a wave of 20CM limit-ups. Huace Film & TV, Chinese Online, Wondershare Technology, TRS Information Technology, Hithink RoyalFlush, Everwin Technology, Yeahka, Kunlun Tech and many other stocks rose more than 10%. Optical module names rallied then retreated, with Zhongji Innolight surging over 4% before midday before turning negative in the afternoon, T&S Communications falling nearly 4%, and Eoptolink dropping 2%.
On the application front, a research note from CITIC Securities stated that AI artists and AI variety shows are expected to succeed AI short dramas and become the next explosive growth point for AI plus film and television. The technical foundation is already in place, and cases have already been implemented. Recently, Huace Film & TV and Mango Excellent Media Co.,Ltd. (300413) successively launched native AI artists. From the explosive growth of AI animated shorts and AI short dramas, to the broadcast of the AI long drama "Journey to the West: Aftermath" on satellite TV and the theatrical release of the AI film "Sanxingdui: Future Past," AI has deeply penetrated the film and television industry.
On the optical module CPO front, in terms of news, Nvidia recently publicly demonstrated its next-generation co-packaged optics (CPO) technology, called OOI (Optics on Interposer). OOI chooses to eliminate the organic packaging substrate and integrate the optical engine directly onto the silicon interposer that carries the GPU, bringing the optoelectronic conversion step closer to the chip core and providing a new interconnect approach for next-generation hyperscale AI clusters. Nvidia has already obtained prototype samples. CPO volume ramp benefits ultra-high-power laser companies, while NPO volume ramp benefits pluggable optical module companies and silicon photonics foundries. Looking toward 2027, the market will focus more on the massive incremental opportunity brought by optical connectivity into cabinets, and the optical communications industry may overall usher in a new round of market momentum. It is suggested to pay attention to structural opportunities within the optical communications sector.
To allocate to optical module leaders plus AI applications, it is suggested to pay attention to the ChiNext Artificial Intelligence ETF Huabao (159363) and its off-exchange feeder funds (Class A 023407, Class C 023408), which focus on optical module CPO leaders while also covering AI applications. The underlying index has a roughly 30% weight in "Zhongji Innolight + Eoptolink + T&S Communications," making it a core standard-bearer for AI computing power.
Data source: Shenzhen and Shanghai Stock Exchanges, Wind, etc. Note: As of October 31, 2026, according to the CNI Index, the top three constituents of the ChiNext Artificial Intelligence Index are Zhongji Innolight (weight 11.49%), Eoptolink (weight 9.08%), and T&S Communications (weight 8.51%). Reminder: Recent market volatility may be relatively large, and short-term gains or losses do not predict future performance. Investors should invest rationally based on their own financial conditions and risk tolerance, and pay close attention to position and risk management.
ETF fee disclosure: When investors subscribe to or redeem fund shares, the subscription and redemption agent may charge a commission of no more than 0.5%. On-exchange trading fees are subject to what the securities company actually charges, and no sales service fee is charged. Feeder fund fee disclosure: Huabao ChiNext Artificial Intelligence ETF Initiating Feeder Fund C charges no subscription fee; the redemption fee is 1.5% within 7 days and 0% on or after 7 days; the sales service fee is 0.3%. Huabao ChiNext Artificial Intelligence ETF Initiating Feeder Fund A has a subscription fee of 1% for amounts below 1 million yuan, 0.6% for amounts from 1 million yuan (inclusive) to 2 million yuan, and 1,000 yuan per transaction for amounts of 2 million yuan (inclusive) and above; the redemption fee is 1.5% within 7 days and 0% on or after 7 days; no sales service fee is charged. According to the fund manager's assessment, ChiNext Artificial Intelligence ETF Huabao, Hong Kong Stock Connect Information Technology ETF Huabao, and STAR Chip ETF Huabao are rated R4-medium-high risk, suitable for aggressive (C4) and above investors, and the suitability matching opinion should be based on the sales institution.
Risk disclosure: ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index. The index base date is December 28, 2018, and its launch date is July 11, 2024. The index's annual returns for 2021-2025 were 17.57%, -34.52%, 47.83%, 38.44%, and 106.35%, respectively, while the index's annualized volatility over the same period was 23.73%, 27.34%, 38.02%, 45.42%, and 41.1%, respectively. The index constituent composition is adjusted from time to time according to the index compilation rules, and its back-tested historical performance does not predict the index's future performance. The index constituents mentioned in this article are for illustrative purposes only, and descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading trends of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must be responsible for any investment decisions they make independently. In addition, any views, analyses, and forecasts in this article do not constitute investment advice in any form to readers, nor shall they bear any responsibility for direct or indirect losses caused by the use of the content of this article. Fund investment involves risks, past performance of a fund does not represent its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Fund investment requires caution. A MACD golden cross signal has formed, and these stocks are performing well!
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