During early trading on the 20th, artificial intelligence stocks on the ChiNext board rose over 1%, reaching a new record high. AI application stocks led the gains, with Bluefocus Intelligent Communications Group Co.,Ltd. surging more than 10% and Chinese online education firm Zhongwen Online rising over 6%. In addition, leading optical module companies remained active, with Zhongji Innolight advancing over 2% and also hitting a fresh peak.
Among popular ETFs, the ChiNext Artificial Intelligence ETF Huabao (159363), which provides exposure to optical modules, CPO, and AI applications, climbed 1% during the session, setting a new listing high. Net fund inflows continued to expand, exceeding 80 million shares.
On the AI application front, notable news included AI company Anthropic recently launching version 4.7 of its flagship model ClaudeOpus, which focuses on improvements in software engineering and has made significant progress in financial analysis, visual capabilities, and creative "taste." Changjiang Securities indicated that as AI application commercialization accelerates, capital expenditure tends to lead commercialization by about a year, suggesting a potential inflection point for AI applications around 2026.
Regarding optical modules and CPO, Cao Xuchen, fund manager of the ChiNext Artificial Intelligence ETF Huabao (159363), noted that with rapid growth in annual recurring revenue in the AI sector, demand for AI computing hardware is expected to remain strong. Unlike storage, which is influenced by price factors, optical modules and CPO are driven by technological iteration, and current market concentration may persist. Investors are advised to focus on first-quarter earnings reports from leading optical module manufacturers.
Over the longer term, as of April 17, the underlying index of the ChiNext Artificial Intelligence ETF Huabao (159363) has seen cumulative gains of nearly 200% over the past year, significantly outperforming comparable indices such as the AI Index, CS Artificial Intelligence Index, Sci-Tech Innovation Board AI Index, and STAR Market AI Index. Benefiting from multiple positive factors including optical modules, CPO, IDC computing power leasing, and AI applications, the ChiNext AI sector is poised to continue its upward trend.
Note: The ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, which has a base date of December 28, 2018, and was launched on July 11, 2024. Annual performance of the index from 2021 to 2025 was 17.57%, -34.52%, 47.83%, 38.44%, and 106.35%, respectively. Index components are adjusted according to the index methodology, and past performance does not indicate future results.
To capture opportunities in optical modules and CPO, investors may consider the ChiNext Artificial Intelligence ETF Huabao (159363)—noted for its scale and liquidity—along with its off-exchange counterparts (Class A: 023407, Class C: 023408). The underlying index allocates approximately 70% to computing power (including leading optical module/CPO companies) and about 30% to AI applications, offering diversified exposure to both core computing infrastructure and AI application leaders.
Data source: Shanghai and Shenzhen Stock Exchanges.
ETF fee information: Subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to securities firms’ policies; no sales service fee is applied.
Linked fund fee details: Class C of the ChiNext Artificial Intelligence ETF does not charge a subscription fee; a redemption fee of 1.5% applies within 7 days, and 0% after 7 days (inclusive); a sales service fee of 0.3% is levied. For Class A, subscription fees are 1% for amounts below RMB 1 million, 0.6% for RMB 1–2 million, and a flat fee of RMB 1,000 for amounts above RMB 2 million; redemption fees are 1.5% within 7 days and 0% after 7 days (inclusive); no sales service fee is charged.
Risk disclosure: The ChiNext Artificial Intelligence ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, which has a base date of December 28, 2018, and was launched on July 11, 2024. Annual performance of the index from 2021 to 2025 was 17.57%, -34.52%, 47.83%, 38.44%, and 106.35%, respectively. Index components are adjusted according to the index methodology, and past performance does not indicate future results. Constituent stocks are shown for illustrative purposes only; individual stock descriptions are not investment advice and do not represent holdings or trading activities of the fund manager. The fund manager assesses this fund’s risk level as R4 (medium-high risk), suitable for aggressive (C4) and higher risk-tolerant investors. Suitability assessments are subject to sales institutions. All information provided is for reference only; investors are responsible for their own investment decisions. Views, analyses, and forecasts do not constitute investment advice, and no liability is accepted for direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the fund manager does not indicate future performance of this fund. Invest with caution.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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