On Monday (September 7th), computing hardware experienced a broad rally, with leading optical module and CPO (co-packaged optics) stocks staging a strong rebound. Capital flowed towards opportunities in the high-optical index, with the ChiNext Artificial Intelligence ETF (159363) seeing significant trading volume. The underlying index closed with a gain exceeding 5%.
Leading players performed robustly, with the optical module industry leader Zhongji Innolight rising over 10%, while Eoptolink Technology and Tianfu Communication advanced more than 7%. Collectively known as the ‘Yizhongtian’ trio, these stocks reclaimed multiple moving averages. Additionally, other stocks such as Zhishang Technology, TaiChen Technology, Liantec Technology, and Changxin Optoelectronics all posted gains exceeding 10%.
A synthesis of market information suggests the robust surge across the optical module and CPO sector is likely driven by multiple catalysts:
Overseas Sentiment Spillover: Last Friday, US optical module stocks rallied sharply, creating positive sentiment transmission, leading A-share investors to chase comparable optical module assets.
Event-Driven Catalyst: OpenAI officially released GPT-6 Astra last Friday, and market consensus is that the exponential growth in computing power demand from large models will directly boost shipment expectations for AI hardware like optical modules.
Fundamental Support: The optical module industry's prosperity continues to rise, with top manufacturers reporting full order books and robust production schedules. Coupled with an increasing proportion of high-end products like 800G/1.6T, the outlook for earnings improvement is clear, providing solid fundamental backing for stock prices.
Industry Event Catalyst: With the Optics Valley of China expo approaching, numerous optical module and optical chip companies will showcase their latest products and technological solutions. The event is expected to release positive signals such as new product launches and order collaborations, boosting sector sentiment.
According to reports, Goldman Sachs has raised its optical module shipment forecasts across the board. It increased shipment projections for 1.6T and above for 2026–2028 by 29%, 61%, and 50%, respectively, stating that the future product mix will continue to upgrade. The research report notes that driven by demand from rising AI infrastructure spending, product mix upgrades towards higher-speed transmission (800G/1.6T/3.2T), and the increasing penetration of optical components as server port speeds rise, they hold a constructive (positive) view on future optical module growth.
For those looking to position along the high-Optical mainline plus AI applications, the ChiNext Artificial Intelligence ETF (159363) and its off-market feeder funds (A-Class: 023407, C-Class: 023408) are worth attention. These focus on leading optical module and CPO players while also covering AI applications. The underlying index has a combined weight of over 35% in Zhongji Innolight, Eoptolink Technology, and Tianfu Communication, positioning it as a core flag bearer for AI computing power.
Data sources: SSE, SZSE, Wind, etc.
Note: As of August 31, 2026, according to Guozheng Index, the top three constituent stocks of the ChiNext Artificial Intelligence Index are Eoptolink Technology (12.61% weight), Zhongji Innolight (11.99% weight), and Tianfu Communication (10.25% weight).
*Institutional perspective reference source: China Merchants Securities research report.
Reminder: Market volatility may be significant in the near term, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own capital situation and risk tolerance, paying close attention to position sizing and risk management.
ETF Fee Description: When subscribing or redeeming fund shares, the subscription/redemption agency may charge a commission of up to 0.5%. On-exchange trading fees are subject to actual charges by the securities company; no sales service fee is charged.
Feeder Fund Fee Description: The C-Class of the Huabao ChiNext AI ETF Feeder Fund charges no subscription fee; the redemption fee is 1.5% for holdings less than 7 days and 0% for holdings 7 days or more; the sales service fee is 0.3%. For the A-Class, the subscription fee is 1% for amounts under RMB 1 million, 0.6% for amounts between RMB 1 million (inclusive) and RMB 2 million, and RMB 1,000 per transaction for amounts RMB 2 million and above; the redemption fee is 1.5% for holdings less than 7 days and 0% for holdings 7 days or more; no sales service fee is charged.
According to the fund manager's assessment, the risk rating of the ChiNext Artificial Intelligence ETF is R4 (medium-high risk), suitable for aggressive (C4) and above investors. Please refer to the sales institution for suitability matching opinions.
Risk Warning: The ChiNext Artificial Intelligence ETF passively tracks the ChiNext Artificial Intelligence Index, whose base date is December 28, 2018, and publication 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. Over the same period, the annualized volatility was 23.73%, 27.34%, 38.02%, 45.42%, and 41.1%. The index's constituent stocks are adjusted periodically according to its compilation rules, and its back-tested historical performance does not predict future index performance. The index constituents mentioned in this article are for display purposes only, and descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors must be responsible for any investment decisions they make independently. Furthermore, any views, analyses, or forecasts in this article do not constitute investment advice to readers in any form, nor are they responsible for any direct or indirect losses arising from the use of the content herein. Fund investment involves risks. Past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Fund investment requires caution.
A MACD golden cross signal has formed; these stocks are showing good upward momentum!
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