Early trading on the 8th saw a sharp reversal in external market conditions following a provisional ceasefire agreement between the United States and Iran, triggering a rally across Asia-Pacific markets. AI hardware and application stocks led the charge, with the ChiNext AI segment surging over 5%. Among notable performers, Zhongji Innolight Co.,Ltd. soared 7% to reach a new all-time high. Other significant gainers included Orient National Communication and BlueFocus Communication Group, each jumping more than 13%, while Wangsu Science & Technology, OFFLINE Data, Capital Online, and Runtek Technology all advanced over 6%.
In the ETF space, the leading and most liquid product in its category, the HuaBao ChiNext Artificial Intelligence ETF (159363), gapped up sharply, with its on-market price climbing as high as 6%. Trading volume surged, exceeding 350 million yuan, potentially setting a new recent high for activity.
Regarding the optical module sector, Western Securities highlighted that CPO technology is accelerating towards commercial adoption, driven by industry leaders. The industry is innovating across multiple technical pathways, including LPO, NPO, and XPO. Currently in the early stages of rapid industry acceleration, the next three years represent a critical window for observing the swift increase in CPO penetration rates and the gradual formation of the supply chain landscape and value distribution within the industry chain.
On the AI application front, Changjiang Securities pointed to a recent acceleration in AI capital flows and a renewed consensus on the AI industry. As the commercialization of AI applications speeds up, and drawing parallels with the AI evolution in the United States where capital expenditure typically leads commercialization by about a year, AI applications are expected to reach an inflection point in their commercialization around 2026.
To capture opportunities along the AI value chain, investors may consider the HuaBao ChiNext Artificial Intelligence ETF (159363) and its feeder funds (Class A: 023407, Class C: 023408), which offer a one-stop solution for exposure to both "computing power" and "applications," directly benefiting from the growth红利 of the AI technology commercialization boom. In terms of portfolio allocation, the ChiNext AI ETF dedicates approximately 70% to computing power (including optical module/CPO leaders) and about 30% to AI applications, positioning it not only as a core "computing power" play but also as a genuine representative of "AI applications."
Data source: Shanghai and Shenzhen Stock Exchanges, etc. As of March 31, 2026, the HuaBao ChiNext Artificial Intelligence ETF had an asset size of 5.564 billion yuan, with a six-month average daily trading volume exceeding 700 million yuan. Its size and trading volume rank first among the 26 ETFs tracking the ChiNext AI Index, the STAR Market AI Index, and the ChiNext-STAR Market AI Index.
ETF Fee Information: When subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%. On-market trading fees are subject to the rates charged by the securities firm, and no sales service fee is charged.
Feeder Fund Fee Information: The HuaBao ChiNext Artificial Intelligence ETF Feeder Fund Class C charges no subscription fee. A redemption fee of 1.5% applies for holdings under 7 days, and 0% for 7 days 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 a flat 1,000 yuan per transaction for 2 million yuan (inclusive) or more. The redemption fee is 1.5% for holdings under 7 days and 0% for 7 days or more. No sales service fee is charged for Class A.
Risk Disclosure: The HuaBao ChiNext Artificial Intelligence ETF passively tracks the ChiNext Artificial Intelligence Index. The index base date is December 28, 2018, and its release date is 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. The index constituents are adjusted according to its compilation rules, and its backtested historical performance is not indicative of future results. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks are not investment advice in any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk rating as R4 - Medium-High Risk, suitable for Aggressive (C4) and above investors. Suitability matching opinions should be based on the selling institution's assessment. Any information appearing in this content (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. A fund's past performance is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest cautiously.
MACD golden cross signals have formed, indicating positive momentum for these stocks.
Comments