During early trading on the 3rd, the ChiNext AI sector opened higher but then trended lower, influenced by declines in IDC computing power and AI application concept stocks. 21Vianet and Sinnet led the losses, falling over 6%. However, optical module CPO (Co-Packaged Optics) counters defied the broader market trend, with Gigalight rising over 3% to lead gains. Companies including Eoptolink, InnoLight, Linktel Technologies, and Accelink also advanced more than 1%.
Among popular ETFs, the largest ETF of its kind, the ChiNext Artificial Intelligence ETF (159363), saw its on-market price plunge over 2%, with near real-time turnover approaching 400 million yuan. Investors utilized the dip for net subscriptions totaling 32 million units.
On the news front, LightCounting has raised its shipment forecasts for 800G and 1.6T optical modules. It predicts 800G module shipments will more than double by 2026, while 1.6T module shipments are expected to grow from a small base in 2025 to reach tens of millions of ports.
Great Wall Securities indicated that with continued increases in global investment and infrastructure development within the artificial intelligence sector, coupled with ongoing iterations of large language models domestically and internationally, the commercialization process for AI Agents is set to accelerate significantly. This acceleration is expected to further drive up sentiment across the AI industry chain. The firm maintains a positive outlook on investment opportunities in downstream computing power segments, including CPO and PCB.
As AI development shifts its focus from computing infrastructure construction to application deployment, the ChiNext Artificial Intelligence ETF (159363) and its off-exchange feeder funds (Class A: 023407, Class C: 023408), which provide one-click exposure to both "Computing Power + AI Applications," stand to benefit more directly from the growth红利 associated with the commercialization boom in AI technology. In terms of sector allocation, the ChiNext AI index, which the ETF tracks, allocates approximately 60% of its weight to computing power (including leaders in optical modules and IDC) and about 40% to AI applications, positioning it not only as a core "computing power" play but also as a genuine representative of "AI application" exposure.
ETF Fee Note: When subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%. On-market trading fees are subject to the rates actually charged by securities companies; no sales service fee is charged. Feeder Fund Fee Note: The ChiNext AI ETF Feeder Fund Class C (023408) does not charge a subscription fee. The redemption fee is 1.5% for holdings less than 7 days, and 0% for 7 days or more. A sales service fee of 0.3% applies annually. For the ChiNext AI ETF Feeder Fund Class A (023407), the subscription fee is 1% for investments below 1 million yuan, 0.6% for 1-2 million yuan, and a flat 1,000 yuan per transaction for 2 million yuan and above. The redemption fee is 1.5% for holdings less than 7 days, and 0% for 7 days or more. No sales service fee is charged.
Risk Disclosure: The HuaBao ChiNext AI ETF is passively managed and tracks the ChiNext Artificial Intelligence Index. The index base date is December 28, 2018, and its release date is July 11, 2024. The index's annual performance from 2021 to 2025 was +17.57%, -34.52%, +47.83%, +38.44%, and +106.35%, respectively. The index constituents are adjusted periodically according to its methodology. Past index performance, including backtested results, is not indicative of future returns. Any mention of individual stocks herein is for illustrative purposes only and does not constitute investment advice of any form, nor does it represent the holdings or trading intentions of any fund managed by the fund manager. The fund manager has assessed this fund's risk rating as R4 (Medium-High Risk), suitable for Aggressive (C4) and higher investor profiles. Suitability assessments should be confirmed with the selling institution. All information presented (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for their own investment decisions. Furthermore, no views, analysis, or predictions contained herein constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Investors should exercise caution.
A bullish MACD golden crossover signal has formed, indicating positive momentum for several stocks.
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