During the early trading session on June 16th, optical communication sectors such as optical module CPO and optical fiber cables remained active, with the high-flying AI theme on the ChiNext Board rising once again! Among them, T&S Communications Co.,Ltd. (ASX: 300570) surged 15% to a new high, Changxin Bochuang gained over 10%, Guangku Technology rose over 7%, and Tianfu Communication advanced over 4%.
In terms of popular ETFs, the largest and most liquid AI ETF on the ChiNext Board, Huabao (159363), saw its price climb nearly 1% again in early trading. Funds have been continuously adding positions recently, with a combined net inflow exceeding 2.3 billion yuan over the past four days.
On the news front, U.S. optical communication stocks continued their upward trend, with Marvell Technology gaining about 7%, Lumentum up around 8%, Credo rising about 2%, and Corning increasing approximately 5%. Previously, according to related reports, Nvidia executives clearly stated that the Spectrum-X CPO switch will commence mass production and delivery as originally scheduled in the second half of 2026, with production steadily expanding in 2027.
Wanlian Securities pointed out that the transition of CPO from scaled deployment to mass production still faces comprehensive validation in areas such as yield rate, reliability, and cost economics, but this does not alter the long-term trend of optical interconnect upgrades. In the short term, the demand growth for high-speed pluggable optical modules, NPO, and testing equipment is relatively certain. Furthermore, with the advancement of million-card or GW-level AI factory construction, the underlying optical connection infrastructure is expected to benefit significantly. They suggest focusing on leading companies with technological advantages in high-density optical fibers, cables, and connectors. From a medium to long-term perspective, it is advised to continue grasping the mainline investment opportunities within the AI computing power industry chain.
To gain exposure to leading CPO optical module companies with one click, it is recommended to focus on the largest and most liquid AI ETF on the ChiNext Board, Huabao (159363), and its corresponding off-exchange fund (Class A 023407, Class C 023408). The underlying index has an optical module weighting of approximately 50%, a high concentration in core tech stocks, and allocates about 30% of its portfolio to AI applications, representing not just computing power but also AI application leaders.
It is noteworthy that as of June 12, 2026, the latest size of the Huabao ChiNext AI ETF (159363) reached 7.175 billion yuan, ranking first in the market for dual-innovation AI-themed funds. Its average daily turnover over the past six months exceeded 900 million yuan, also ranking first in trading activity among AI-themed funds in the market.
Data source: Shanghai and Shenzhen Stock Exchanges, etc.
Explanation of ETF-related fees: When investors subscribe for or redeem fund shares, the subscription/redemption agent may charge a commission not exceeding 0.5%. On-exchange trading fees are subject to the actual charges by securities firms, and no sales service fee is charged.
Explanation of feeder fund-related fees: The Class C feeder fund for the ChiNext AI ETF does not charge a subscription fee; the redemption fee is 1.5% within 7 days and 0% for 7 days (inclusive) or more; a sales service fee of 0.3% is charged. For the Class A feeder fund, the 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; the redemption fee is 1.5% within 7 days and 0% for 7 days (inclusive) or more; no sales service fee is charged.
Risk Disclosure: The Huabao ChiNext AI ETF passively tracks the ChiNext Artificial Intelligence Index. The base date of this index is December 28, 2018, and its release date is July 11, 2024. The annual performance of the ChiNext Artificial Intelligence Index from 2021 to 2025 was: 17.57%, -34.52%, 47.83%, 38.44%, 106.35% respectively. The composition of the index constituents is adjusted according to its compilation rules, and its back-tested historical performance does not indicate future index performance. The index constituents mentioned herein are for illustrative purposes only; descriptions of individual stocks do not constitute any form of investment advice nor represent the holdings information or trading trends of any fund managed by the fund manager. The fund manager assesses the risk rating of this fund as R4 - Medium to High Risk, suitable for aggressive (C4) and above investors. The appropriateness matching opinion is subject to the sales institution. 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 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, nor shall they bear any responsibility for direct or indirect losses arising from the use of this article's content. Fund investment carries risks. The past performance of a fund does not represent its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Caution is advised in fund investment.
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