On April 16, as of 9:56 AM, artificial intelligence stocks surged, with the ChiNext Artificial Intelligence Index rising 2.28%, leading other AI indices. Among constituent stocks, computing power leasing concept stock Sharetronic Data Technology Co.,Ltd. led gains, climbing 9.57% to set another new high. The stock has risen over 45% this week during intraday trading. Key optical module manufacturers such as Eoptolink Technology Inc. and TFC Optical Communication also advanced by approximately 4%.
Among popular ETFs, the largest and most liquid fund in its category, the ChiNext Artificial Intelligence ETF Huabao (159363), experienced a strong intraday reversal, surging 3% and approaching its previous high. Real-time trading volume approached nearly 400 million yuan, leading liquidity among all AI-themed ETFs in the market.
Recent developments include Anthropic's launch of its most powerful AI model to date, Mythos, which demonstrates a leap in capabilities, outperforming its predecessor in coding, reasoning, and research assistance. Previously, Anthropic secured investments and computing power support from Amazon and Google. It is projected that annual demand for TPUs will reach 3.5GW starting in 2027, with Google's TPU supply chain expected to benefit continuously from the expansion of advanced AI training needs.
Huaxi Securities noted that geopolitical risks persist externally, potentially affecting short-term market volatility due to shifts in risk appetite. AI remains a key investment theme, with attention on sectors demonstrating strong earnings certainty, such as optical modules and fiber optic cables, as well as the dual logic of domestic computing power and computing power leasing driven by supply-demand imbalances.
First, with the explosive growth in computing power demand, data transfer rates between GPUs are continuously increasing. Upstream segments of AI computing, including optical modules, storage, and optical fibers, are experiencing a supply-demand dynamic that supports both volume and price increases. Currently, during the first-quarter earnings report season, sectors like optical modules show strong earnings visibility and remain within their performance realization period, retaining allocation appeal.
Second, significant price adjustments in the cloud services market, driven by supply-demand imbalances, are pushing costs higher, leading to increased computing power prices. Major providers such as Alibaba Cloud, Tencent Cloud, and Baidu AI Cloud have adjusted their pricing, benefiting domestic AI chip manufacturers and computing power leasing companies. Furthermore, rising AI service costs will likely be passed downstream to application developers, potentially accelerating industry consolidation and improvements in computing efficiency.
As AI transitions from training to multimodal applications, computing power demand is growing non-linearly. Optical modules, as core global computing infrastructure, are experiencing high growth supported by both earnings and order backlogs. The underlying index of the ChiNext Artificial Intelligence ETF Huabao (159363) and its feeder funds allocates approximately 70% to computing power and about 30% to AI applications, positioning it as a representative of both core computing infrastructure and AI application development.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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