On Friday (April 3), the AI sector on the ChiNext board defied the broader market trend to close higher. Optical communication concepts such as optical modules and optical fibers performed actively, with Advanced Fiber Resources(Zhuhai),Ltd. surging over 11% to hit a new record high. The "Yi Zhong Tian" stocks collectively advanced, with Zhongji Innolight Co.,Ltd. rising over 4%, Suzhou Tfc Optical Communication Co.,Ltd. gaining over 3%, and XYS rising over 1%.
Among popular ETFs, Huabao's AI ETF (159363), which ranks first in its category in terms of size and liquidity, broke away from the market trend to close up 1.06%. Trading volume exceeded 700 million yuan, with net inflows surpassing 100 million yuan over the past five trading days. Despite market fluctuations, the ETF achieved its fourth consecutive weekly gain.
On the news front, prices for optical fiber and cable products have repeatedly reached new highs. The spot price for mainstream G.652D standard single-mode fiber has exceeded 105 yuan per core kilometer, representing a cumulative increase of over 425%. The premium for high-end products is prominent, with the price of G.654.E specialty fiber, suitable for AI computing infrastructure, even rising to 240-260 yuan per core kilometer. The price for cutting-edge hollow-core fiber has reached 25,000 to 50,000 yuan per core kilometer. Overall, the optical fiber and cable market is experiencing a trend of rising both in volume and price.
The price increase for optical fibers and cables is directly related to the explosive demand for optical modules. The large-scale deployment of 800G/1.6T high-speed optical modules in AI data centers requires optical fibers with lower loss and higher bandwidth to ensure link budget and signal quality. This is driving an upgrade from G.652D to G.654.E fibers. Optical modules and fibers have a strongly coupled relationship as "transceiver + transmission medium" – the higher the speed of the optical module, the more demanding the performance requirements for the fiber, and the greater the premium for high-end fibers.
Looking ahead, Shenwan Hongyuan Securities stated that AI is driving a rapid expansion in demand for optical modules. With the rapid development of AI, various industries are experiencing a sharp increase in demand for computing power. As dedicated infrastructure for high-power consumption, high-bandwidth GPU clusters, intelligent computing centers are seeing continuously rising demand for high-speed optical modules. In the future, domestic optical module equipment companies are expected to benefit from both industry growth and market share gains.
To capture opportunities in AI computing power, it is suggested to focus on the ChiNext AI ETF (159363) and its corresponding feeder funds (Class A: 023407, Class C: 023408), which are heavily weighted towards leading optical module companies and directly benefit from the growth dividends of the commercial explosion in AI technology. In terms of sector allocation, approximately 70% of the ChiNext AI ETF's portfolio is allocated to computing power (leading optical modules/CPO companies), and about 30% is allocated to AI applications, making it not only a core "computing power" play but also a genuine representative of "AI applications."
A golden cross signal has formed on the MACD indicator, indicating positive momentum for these stocks.
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