On the afternoon of the 13th, a significant rally occurred in computing power hardware stocks. Suzhou Tfc Optical Communication Co.,Ltd. surged over 11%, approaching its previous high. Eoptolink Technology Inc.,Ltd. jumped more than 6%, while Zhongji Innolight Co., Ltd. rose over 2%. Among popular ETFs, the ChiNext Artificial Intelligence ETF (159363), which has over a 50% weighting in CPO optical modules and the highest concentration of key AI stocks, surged over 4% intraday, setting new record highs. Since entering a super growth cycle on April 8 last year, its underlying index has skyrocketed 245%, outperforming its peers.
According to recent reports from the Taiwan Economic Daily, Foxconn has already begun shipping its all-optical CPO switch racks to NVIDIA ahead of schedule, with supply described as "quite tight." As the sole manufacturer and design partner for NVIDIA's all-optical CPO products, Foxconn's shipment forecasts have been significantly revised upward. Initial plans targeted over 10,000 units by 2026; this has now been raised to over 50,000 units for the 2026-2027 period.
Institutions believe optical module companies may sustain valuation premiums. Galaxy Securities points out that capital expenditures from the four major CSPs are progressively flowing into AI computing power infrastructure. For Q1 2026, the combined upper guidance for capital expenditure from the four major North American cloud providers is close to $725 billion, representing approximately 165% growth from 2024, with high growth expectations persisting. Against this backdrop of sustained benefits for the optical module sector, the upstream supply-demand gap remains a short-term theme, continuously driving the industry's prosperity.
TF Securities states it remains firmly optimistic about the investment opportunities in core computing power industry chain stocks. The high prosperity of the overseas computing power industry chain persists, with related companies' financial reports consistently reflecting strong AI-related demand. The fundamental resonance within the related industrial chain is stronger, maintaining a positive outlook on investment opportunities in segments like optical modules within the overseas computing power chain.
To capture opportunities in leading CPO optical module companies, it is recommended to focus on the ChiNext Artificial Intelligence ETF (159363), which leads its category in both size and liquidity, along with its off-exchange feeder funds. The underlying index currently has a 50% weighting in optical modules, providing comprehensive exposure to key AI stocks, with approximately 30% allocated to AI applications, representing not just the core of computing power but also AI application leaders.
It is noteworthy that as of May 11, 2026, the ChiNext Artificial Intelligence ETF (159363) had a latest size exceeding 7.2 billion yuan, ranking first in the market for AI-themed ETFs tracking the STAR and ChiNext boards. Its average daily turnover over the past six months was approximately 800 million yuan, also leading the AI ETF segment in trading activity.
A golden cross signal has formed on the MACD indicator, with these stocks showing strong upward momentum.
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