On Tuesday, June 2nd, computing hardware stocks surged, with optical module and CPO stocks leading the charge, driving the ChiNext Artificial Intelligence Index up over 3.5%. Among the gainers, Accelink Technologies surged nearly 15% to a new high, while Eoptolink Technology Inc.,Ltd. jumped 9.88% to a new high. Tongyu Communication Inc. and Zhongji Innolight Co., Ltd. both rose more than 5%.
Among popular ETFs, the Huabao ChiNext Artificial Intelligence ETF (159363), which has over 50% exposure to optical modules/CPO and significant holdings in key industry leaders, closed up 3.69% in the secondary market, approaching its previous high. It saw substantial trading volume exceeding ¥1.4 billion, leading all AI-themed ETFs for the day in both gains and turnover.
Nvidia Sparks a New Computing Power Cycle
The catalyst is Nvidia's announcement of its new Vera Rubin platform, now in full production. From an optical communications perspective, the Vera Rubin rack-scale system integrates larger-scale computing power into a single cabinet. As the number of GPUs per rack and the communication bandwidth per card increase simultaneously, the interconnect speed of optical interconnection devices is expected to rise further.
On the demand front, the continuous expansion of computing interconnect needs is driving broader demand for optical modules, thereby boosting the entire industry chain. This pursuit of ultimate total bandwidth is expected to accelerate the industrial deployment process of 1.6T optical modules. Technologically, driven by low-power requirements, demand for Co-Packaged Optics (CPO) is being significantly catalyzed within rack-scale systems, with supply chain preparations for large-scale CPO continuously advancing.
Industry Leaders Signal Progress
Some leading manufacturers have already released positive signals. On June 1st, Eoptolink indicated that it expects overall conditions to gradually improve from Q2 to Q4 2027. Orders for its 1.6T optical module products have increased significantly compared to last year, with a trend of rapid quarter-over-quarter growth anticipated this year. 1.6T and 800G modules are expected to be its main delivery products this year. The company is also well-positioned in the Optical Circuit Switch (OCS) field, anticipating batch supply demands to emerge in the second half of next year or in 2028.
Analysts note that the long-term evolution logic of the computing power sector remains intact. As we move into June, demand expectations for 2027 optical modules are accelerating and becoming clearer. Furthermore, the previous bottleneck of shortages in upstream core components constraining deliveries is gradually reaching an inflection point towards improvement. The production capacity and earnings potential of leading optical module manufacturers are expected to accelerate their release.
Focus on Key Investment Vehicles
To capture opportunities in both optical modules and AI applications, investors may consider the Huabao ChiNext Artificial Intelligence ETF (159363) and its corresponding feeder funds. This ETF's underlying index has over 50% exposure to optical modules and significant holdings in major industry players, with approximately 30% of its portfolio allocated to AI applications, positioning it as a representative of both core computing power and AI application plays.
It is noteworthy that as of May 29, 2026, the Huabao ChiNext Artificial Intelligence ETF (159363) had reached a size of approximately ¥7.426 billion, ranking first in size within the dual-innovation AI sector. Its average daily turnover over the past six months exceeded ¥800 million, also leading the AI sector in trading activity.
Investors should be aware that ETFs and feeder funds carry various fees, including but not limited to brokerage commissions, subscription/redemption fees, and management fees, the specific rates of which are determined by the fund's terms and the selling institutions. The performance of the underlying index is for reference only and does not guarantee future ETF performance. All investments involve risk, including the potential loss of principal. The past performance of a fund does not guarantee its future results. This information is for reference only and does not constitute investment advice.
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