During intraday trading on November 9, the AI hardware sector showed a notable recovery, with the AI twin stars strengthening together. The ChiNext Artificial Intelligence ETF Huabao (159363), which focuses on optical modules and AI applications, and the STAR Market Artificial Intelligence ETF Huabao (589520), which focuses on domestic chips and AI applications, both saw their underlying indexes rise more than 3%.
In the ChiNext AI segment, optical module leaders "Yi Zhong Tian" all rebounded. Eoptolink surged over 5%, Zhongji Innolight rose more than 4%, and T&S Communications gained over 3%. AI applications were also active, with Wondershare Technology hitting the 20CM daily limit, Kunlun Wanwei rising over 11%, and Chinese Online and Huace Film & TV each climbing more than 6%.
In the STAR Market AI segment, terminal chips and cloud chips strengthened. Fudan Microelectronics rose 8%, Cambricon gained over 5%, and VeriSilicon and Intellifusion each advanced more than 3%. Application software and terminal applications also moved higher in tandem, with Kaipu Cloud up over 10%, Luster LightTech up more than 6%, and Orbbec up over 4%.
Regarding optical modules and other overseas computing power, Guosheng Securities stated that the U.S. midterm elections could be an opportunity for AI to shift gears. This "gear shift" will not only force the industry to digest internalized costs through technological upgrades, but also prompt cloud providers to accelerate the transfer of computing power nodes overseas. This precisely opens a new window for China in supply chain segments with global advantages, such as optical modules, liquid cooling, and power supply equipment.
On the domestic AI chain front, domestic chips have shifted from "policy-driven" to "market-driven" and entered a period of earnings realization. The narrowing of overseas cloud computing power channels has made domestic chip substitution a necessity rather than an option, raising the certainty of demand. Domestic models and chips have completed Day0 adaptation, and inference-side capabilities have been validated, with the localization rate jumping from 46% to 64%.
Institutions noted that multiple positive factors are currently accumulating in the market: first, domestic and overseas disruptive factors have recently landed; second, potential boosts such as market stabilization expectations; third, institutional year-end performance ranking sprints and the trading consensus for the spring rally are coalescing. In terms of allocation, this year-end rebound corresponds to the accelerated upward phase at the end of the second stage of the growth industry prosperity cycle. Oversold AI mid-to-upstream hardware may still be the top choice, and strong alpha directions with prosperity or catalysts, such as AI application chains, can also be allocated.
ChiNext Artificial Intelligence ETF Huabao (159363): optical modules plus AI applications, driven by both overseas computing power and applications. The underlying index has approximately 30% weight in "Zhongji Innolight + Eoptolink + T&S Communications," standing in the "light," focusing on optical module CPO leaders, and serving as a core standard-bearer for AI computing power. Feeder funds: Class A 023407, Class C 023408.
STAR Market Artificial Intelligence ETF Huabao (589520): focuses on the domestic AI industry chain, domestic chips plus AI applications. The underlying index encompasses 30 STAR Market-listed companies with larger market capitalization that provide basic resources, technology, and application support for AI. Semiconductors account for 65% (with a focus on GPU concept stocks), and AI applications account for 30%, making it an efficient tool for one-click allocation to domestic computing power. Feeder funds: Class A 024560, Class C 024561.
Data source: Shanghai and Shenzhen Stock Exchanges, Wind, etc. Note: As of October 31, 2026, according to the China Securities Index, the top three constituents of the ChiNext Artificial Intelligence Index are Zhongji Innolight (11.49%), Eoptolink (9.08%), and T&S Communications (8.51%). The fund manager assesses the risk level of the above funds as R4-medium-high risk, suitable for investors with aggressive (C4) or higher risk profiles. Suitability matching opinions should be based on the sales institution. ETF fee-related notes: ETFs do not charge sales service fees. Subscription and redemption agencies may charge a commission of no more than 0.5%, which includes related fees charged by stock exchanges and registration institutions. On-exchange trading fees are subject to actual charges by securities companies. Feeder fund fee rates are detailed in the fund legal documents. Risk disclosure: ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, whose base date is December 28, 2018, and publication date is July 11, 2024. STAR Market Artificial Intelligence ETF Huabao passively tracks the Shanghai Stock Exchange STAR Market Artificial Intelligence Index, whose base date is December 30, 2022, and publication date is July 25, 2024. The constituent stocks of the indexes are adjusted in a timely manner according to the index compilation rules, and their back-tested historical performance does not predict future index performance. The individual stocks and index constituents mentioned in this article are for display only. Individual stock descriptions do not constitute any form of investment advice and do not 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, and any form of expression) is for reference only. Investors are responsible for their own investment decisions. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor do they assume any responsibility for direct or indirect losses caused by the use of this article's content. 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. MACD golden cross signals have formed, and these stocks are rising well!
Comments