In early trading on June 18th, the CPO (Co-Packaged Optics) sector accelerated its breakout, with key stocks leading the charge. Zhongji Innolight Co.,Ltd. (ASX: 300308) surged over 4% to hit a new record high, while other stocks in the sector also gained more than 2%.
Among popular ETFs, the ChiNext AI ETF Huabao (159363), which has nearly 40% exposure to these leading CPO names, rose over 1% intraday, marking its fourth consecutive day of gains as it approaches previous highs.
Earnings Season in Focus
With the mid-year financial reporting window approaching, market attention is likely to shift gradually from thematic trading to earnings verification. Analysis suggests that high-certainty AI segments, such as the North American computing power chain represented by optical modules and fiber optic cables within optical communications, are expected to demonstrate resilience amid market volatility. These high-growth areas are anticipated to become a focal point and potentially form a strong market consensus during the July earnings season.
Sector Outlook
Looking ahead, there remains sustainable potential to discover growth opportunities with certainty in the AI field. The growth rate of computing hardware is expected to lead the broader market, with key focus areas including optical modules, PCBs, liquid cooling, and computing power leasing.
ETF Spotlight
For investors seeking exposure to leading optical communication companies, the ChiNext AI ETF Huabao (159363) and its corresponding feeder funds are a key consideration. The ETF's underlying index has approximately 50% exposure to optical modules and a high concentration in the major CPO players. Furthermore, about 30% of its portfolio is allocated to AI applications, positioning it as a representative fund for both AI computing power and applications.
Market Position and Liquidity
Notably, as of June 12th, 2026, the ChiNext AI ETF Huabao (159363) had reached a size of 71.75 billion yuan, ranking first in the dual-innovation AI segment across the market. Its average daily turnover over the past six months exceeded 900 million yuan, also leading the AI fund category in trading activity.
Investment Considerations
Investors should note that the ChiNext AI ETF Huabao passively tracks the ChiNext Artificial Intelligence Index. The index's base date is December 28, 2018, and it was officially released on July 11, 2024. Its historical annual performance from 2021 to 2025 is provided for reference. The composition of the index is adjusted according to its rules, and its past performance does not guarantee future results. Constituent stocks mentioned are for illustrative purposes only and do not constitute investment advice or indicate the holdings of any specific fund.
The fund manager assesses this fund's risk level as R4 (medium-high risk), suitable for aggressive (C4) and above investors. Suitability matching opinions should be based on the sales institution's assessment. All information presented is for reference only, and investors are responsible for their own investment decisions. The views, analysis, and forecasts herein do not constitute investment advice of any kind, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of a fund does not guarantee its future results, and the performance of other funds managed by the manager does not constitute a guarantee of this fund's performance. Invest with caution.
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