On the 19th, IDC computing power leasing concept stocks remained active during early trading, with the ChiNext AI sector rising against the broader market trend. Among them, Beijing Topnew Info&Tech Co.,Ltd. surged by the 20% daily limit, while Eastcompeace Technology gained over 10%, and Run Ze Technology increased by more than 5%. Leading optical module companies continued their upward movement, with Tianfu Communication and Sunsea Rising both rising over 3%.
Regarding popular ETFs, after a significant 5.6% increase the previous day, the largest ChiNext Artificial Intelligence ETF (159363) opened lower but climbed higher, trading against the market trend with real-time transactions exceeding 400 million yuan.
As demand for computing power continues to rise, a wave of price increases is emerging among cloud providers. Following price hikes by Amazon and Google, Alibaba Cloud and Baidu Intelligent Cloud have officially announced increases. Alibaba Cloud's AI computing power and storage products will see price increases of up to 34%, while Baidu Intelligent Cloud's prices will rise by approximately 30%. Kaiyuan Securities believes that the popularization of AI applications may trigger substantial inference demand. Combined with constraints on NVIDIA's production capacity, rising hardware costs, and gaps in domestic substitution, these factors are driving the computing power leasing market into a "seller's market," suggesting that price increases may persist.
Regarding computing power chain components such as CPO optical modules, Tianfeng Securities indicated that with Rubin's imminent launch, optical communication iteration is accelerating. The high prosperity in overseas computing power industry chains remains intact, with related companies' financial reports consistently reflecting strong AI-related demand. The fundamental resonance is stronger in core overseas industrial chains like optical modules, maintaining a positive outlook on investment opportunities in overseas computing power industry chains and emphasizing the importance of core optical module manufacturers.
To capitalize on AI hotspot opportunities, the ChiNext Artificial Intelligence ETF (159363) and its off-exchange counterparts (Class A 023407, Class C 023408) provide one-click exposure to "computing power + AI applications," directly benefiting from the growth dividends of AI technology commercialization. In terms of sector allocation, approximately 60% of the ChiNext AI portfolio is allocated to computing power (including leading optical module and IDC companies), while about 40% is allocated to AI applications, making it not only a core "computing power" play but also a genuine representative of "AI applications."
Data source: Shanghai and Shenzhen Stock Exchanges, etc.
ETF fee explanation: When subscribing for or redeeming fund shares, subscription and redemption agencies may charge a commission of up to 0.5%. On-exchange trading fees are subject to the actual charges by securities companies, with no sales service fee charged. Connected fund fee explanation: ChiNext Artificial Intelligence ETF Initiative Connected Fund Class C does not charge a subscription fee; redemption fee within 7 days is 1.5%, and 0% for 7 days (inclusive) or more; sales service fee is 0.3%. ChiNext Artificial Intelligence ETF Initiative Connected Fund Class A subscription fee is 1% for amounts below 1 million yuan, 0.6% for 1 million (inclusive) to 2 million yuan, and 1,000 yuan per transaction for 2 million yuan (inclusive) or more; redemption fee within 7 days is 1.5%, and 0% for 7 days (inclusive) or more; no sales service fee is charged.
*Institutional views reference sources: Kaiyuan Securities "Focus on Investment Opportunities from Tencent Cloud Price Hikes"; Tianfeng Securities "GTC/OFC Conference Outlook: Rubin Launch Imminent, Optical Communication Iteration Accelerates"
Risk warning: The ChiNext Artificial Intelligence ETF passively tracks the ChiNext Artificial Intelligence Index, with a base date of December 28, 2018, and release date of 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. Index constituent stocks are adjusted according to the index compilation rules, and their backtested historical performance does not indicate future index performance. The index constituents mentioned are for display purposes only; individual stock descriptions do not constitute investment advice in any form nor represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk level as R4-medium to high risk, suitable for aggressive (C4) and above investors. Suitability matching opinions should be based on sales institutions. Any information appearing in this article (including but not limited to stocks, comments, predictions, charts, indicators, theories, and any form of expression) is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts in this article do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks; past fund performance does not represent future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest in funds with caution.
MACD golden cross signals have formed, indicating favorable momentum for these stocks.
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