On Tuesday (February 3rd), the A-share market rebounded and warmed up, with computing power sectors like CPO optical modules staging a major counteroffensive. Zhishang Technology surged over 15%, Wangsu Technology rose over 14%, and Suzhou Tfc Optical Communication Co.,Ltd. jumped over 13% to hit a new record high, accumulating a rebound of 42.74% over the past 7 days. Numerous other stocks, including 首都在线, 光库科技, and 太辰光, also gained over 8%.
Among popular ETFs, the ChiNext AI ETF (159363), which holds heavy positions in leading optical module companies, experienced a "V-shaped" recovery throughout the day. It closed up 3.7% intraday, marking its second-highest closing price in history. The ETF recorded a single-day turnover of 900 million yuan and attracted an additional 82 million units of net inflows in one day, following nearly 150 million yuan of capital inflows added the previous day!
Better-than-expected earnings previews remain a key catalyst for the strong performance in computing power sectors like optical modules. A Galaxy Securities research report pointed out that optical module-related companies issuing performance forecasts generally reported earnings growth exceeding 50%, with leading players like 中际旭创 and 新易盛 achieving growth that surpassed expectations. Looking further ahead to the first year of the 15th Five-Year Plan period, the institution believes that against the backdrop of tight supply for upstream components and sustained high demand-side prosperity, related companies have a foundation for further earnings releases.* Looking to the future market outlook, what is the potential space for the ChiNext AI sector, represented by optical modules? Where is the optical module "valuation feast" currently positioned? Galaxy Securities stated that at the current juncture, the optical communication sector remains at a relatively undervalued level. Based on continuously expanding demand volumes, capacity constraints are still expected to be the main bottleneck restricting the development of optical communications in 2026. Given that Chinese optical module manufacturers already lead in global market share and are still increasing it, opportunities for upstream penetration within the industrial chain appear ample during the "15th Five-Year Plan" period. The transition from "Made in China" to "Intelligent Manufacturing in China" is expected to be prominently reflected in the optical communication sector, for which the institution remains optimistic.* Cao Xuchen, the fund manager of the ChiNext AI ETF (159363), also believes that optical modules currently represent a "clear industrial trend." In an environment of loose liquidity, their earnings and valuation channels are trending upward, making valuation premiums likely to emerge and potentially continue to expand. Cao Xuchen indicated that as one of the current market's "crowded trade directions," optical modules hold a leading position driven by industrial trends and have short-term (February-March) supporting catalysts, and are expected to maintain their leading performance. Characterized by strong expectations, strong fundamentals, and low valuation, the ChiNext AI sector, represented by optical modules, may strengthen during market volatility periods. As AI development shifts from computing power construction to application implementation, the ChiNext AI ETF (159363) and its off-exchange联接 shares (Class A 023407, Class C 023408), which provide one-click exposure to both "Computing Power + AI Applications," stand to benefit more directly from the growth红利 of the AI technology commercialization explosion. From a sector perspective, the ChiNext AI ETF allocates approximately 60% of its portfolio to computing power (leading optical module stocks + leading IDC stocks) and about 40% 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. *Reference source for institutional views: Galaxy Securities, "Earnings Exceed Expectations, Optimistic About Upstream-Downstream Resonance at the Start of the '15th Five-Year Plan' Period — Commentary on Optical Communication Sector Earnings Previews" ETF fund fee explanation: When investors subscribe for or redeem fund units, the subscription/redemption agent may charge a commission of up to 0.5%. Intraday trading fees are subject to the actual charges by securities firms, and no sales service fee is charged.联接基金 fee explanation: ChiNext AI ETF联接 Fund Class C does not charge a subscription fee; the redemption fee is 1.5% within 7 days and 0% for 7 days (inclusive) or more; the sales service fee is 0.3%. ChiNext AI ETF联接 Fund Class A subscription fee is 1% for amounts below 1 million yuan, 0.6% for 1 million yuan (inclusive) to 2 million yuan, and a flat fee of 1,000 yuan per transaction for 2 million yuan (inclusive) or above; the redemption fee is 1.5% within 7 days and 0% for 7 days (inclusive) or more; no sales service fee is charged. Risk提示: The HuaBao ChiNext AI ETF passively tracks the ChiNext Artificial Intelligence Index. The base date for this index is December 28, 2018, and its release date was July 11, 2024. The annual performance of the ChiNext Artificial Intelligence Index from 2021 to 2025 was as follows: +17.57%, -34.52%, +47.83%, +38.44%, +106.35%, respectively. The index constituents are adjusted according to the index compilation rules, and its backtested historical performance is not indicative of its future performance. The mention of index constituent stocks herein is for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form, nor do they represent the holdings information or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk等级 as R4 - Medium-High Risk, suitable for Aggressive (C4) and above investors; the suitability matching opinion is subject to the selling institution. Any information appearing in this article (including but not limited to individual stocks, comments, predictions, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors are responsible for any independent investment decisions made. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to the reader, nor shall they be liable for any direct or indirect losses arising from the use of the content herein. Fund investment carries risks; the past performance of a fund is not indicative of its future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. Fund investment must be undertaken with caution.
The MACD golden cross signal has formed, and these stocks are performing well!
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