After a brief two-day pause, the technology sector staged a strong rebound today (June 2nd). The hard tech broad-based ETF covering 50 high-growth leaders from the ChiNext and STAR markets—the Dual Innovation 50 ETF (588330)—saw its intraday gain climb to 4.29% and is currently up 3.66%, with real-time turnover exceeding 87 million yuan, indicating active trading.
Key Components Leading the Gains
Among the constituent stocks, the optical module leader Eoptolink Technology Inc.,Ltd. (300502) led gains, soaring over 10% and reaching a new all-time high. PCB leader Shengyi Electronics rose over 8%, MLCC concept stock Sanhuan Group also gained over 8%, and semiconductor leader Cambricon Technologies rose over 6%.
Major Catalysts Driving the Market
On the news front, Alphabet, Google's parent company, plans to raise 80 billion USD to ramp up AI infrastructure investment, including a 10 billion USD strategic investment from Berkshire Hathaway. This fundraising scale not only sets a historical record for Alphabet but also demonstrates the continuous escalation of investment by global tech giants in AI infrastructure.
Furthermore, optical module leader Eoptolink recently revealed in institutional research that orders for its 1.6T optical module products have seen a significant increase compared to last year, with a trend of rapid quarter-over-quarter growth expected this year. Guojin Securities noted that the iteration of optical modules towards 1.6T and CPO is increasing demand for high-end equipment, potentially bringing new opportunities for domestic manufacturers. Guosheng Securities stated that the long-term evolution logic of computing power infrastructure remains unchanged. As demand expectations for 2027 gradually become clearer, leading optical module manufacturers are expected to enter a window of earnings release.
Perspective on the AI Revolution
Upon reaching the top spot as Asia's richest person on Monday, SoftBank Group's Masayoshi Son publicly stated that the AI wave has just begun, and its scale could be "50 times" larger than the internet boom over two decades ago. He described this as potentially the largest technological and cognitive revolution humanity has ever experienced, with the current stage being merely the starting point, akin to the early days of the internet era. We may currently be at the beginning of an AI wave spanning 50 or even 100 years.
Outstanding Index Performance
Notably, as of the end of May, the target index of the Dual Innovation 50 ETF (588330)—the S&P/CSI China Shanghai-Shenzhen 300 Index—has surged 216.27% cumulatively since the market upturn began on September 24th last year, significantly outperforming major indices such as the ChiNext 50 (191.77%) and the STAR 50 (172.35%), leading the pack among hard tech broad-based indices.
Focusing on year-to-date performance, as of the end of May, the target index of the Dual Innovation 50 ETF (588330) has risen 39.96% cumulatively this year, also significantly outperforming other hard tech broad-based indices. The S&P/CSI China Shanghai-Shenzhen 300 Index focuses on the 50 largest emerging industry leaders by market capitalization from the STAR and ChiNext boards. The combined weight of the electronics, communications, and power equipment/new energy sectors exceeds 87%, with the top ten constituents accounting for 66.16% of the weight, heavily covering core sectors such as AI computing power, optical modules, and semiconductors.
Efficient Exposure to Core Technology Themes
The hard tech broad-based ETF—the Dual Innovation 50 ETF (588330) and its corresponding feeder funds (Class A: 013317 / Class C: 013318)—selects 50 listed companies from the STAR and ChiNext boards with larger market capitalizations in strategic emerging industries as its index sample. It encompasses popular themes like optical modules, semiconductors, and photovoltaic equipment. Its major holdings include industry leaders such as CATL, InnoLight, Cambricon, and SMIC. With a 20% daily price limit, it may offer faster potential during market rebounds. Simultaneously, this ETF is eligible for margin trading and securities lending and is included in the Stock Connect programs, making it an efficient tool for gaining exposure to the new quality productive forces.
Note: The Dual Innovation 50 ETF (588330) was previously referred to as the Dual Innovation Leaders ETF in the secondary market.
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