Optical communication breaks through against the trend! Guangku Technology soars to a new high, "Yi Zhongtian" collectively surges! Huabao Fund's ChiNext Artificial Intelligence ETF (159363) increases by 1% on high volume.

Friday (April 3), the ChiNext AI sector rose against the trend, with optical module and fiber-optic concepts among others showing active performance. Optics Valley Technology surged more than 11%, hitting a new high again. “Yi Zhongtian” rose in unison. In addition, Zhongji Yuchuang rose more than 4%, Tianfu Communication rose more than 3%, and Xin Yisheng rose more than 1%.

As for popular ETFs, the Huabao ChiNext AI ETF (159363), which leads in similar scale and liquidity, broke through against the trend and closed up 1.06%. It saw over 700 million yuan in turnover on expanded volume. Funds increased their holdings by more than 100 million yuan over the past five days. With market volatility, the weekly line is poised to deliver a four-day streak of gains next week!

On the news front, the prices of fiber-optic and cable products have repeatedly hit new highs. The spot price of mainstream G.652D standard single-mode optical fiber has already surpassed 105 yuan per core-kilometer, with a cumulative increase of over 425%. The premium for high-end products is evident. The price of specialty G.654.E optical fiber, which is suited for AI compute infrastructure, has even risen to 240—260 yuan per core-kilometer. Meanwhile, advanced hollow-core optical fiber has risen to 25k—50k yuan per core-kilometer. Overall, the fiber-optic and cable market is showing a trend of “both volume and price rising.”

The rise in fiber-optic and cable prices is directly tied to the explosive demand for optical modules. Large-scale deployment of 800G/1.6T high-speed optical modules in AI data centers requires optical fiber with lower loss and higher bandwidth to maintain link budgets and signal quality, forcing fiber optics to upgrade from G.652D to G.654E. Optical modules and fiber are tightly coupled— the higher the module data rate, the more stringent the requirements on fiber performance, and the larger the premium space for high-end optical fibers.

Looking ahead, Shenwan Hongyuan Securities said that AI-driven optical module demand is rapidly expanding. As AI develops quickly, demand for compute power across industries is growing sharply. As a smart computing center specialized in high-power, high-bandwidth GPU cluster infrastructure, demand for high-rate optical modules is continuously increasing. In the future, domestic optical module equipment companies are expected to benefit from both industry growth and share gains in a “double boost.”

To seize AI compute opportunities, it is recommended to focus on the ChiNext AI ETF (159363) for optical module leaders and the OTC fund connection products (Class A 023407, Class C 023408), which directly benefit from the growth dividend of the commercialization explosion of AI technology. From the industry mix, the ChiNext AI sector allocates roughly 70% of its position to compute power (optical modules/CPO leaders) and about 30% to AI applications. This is not only “the core of compute power,” but also a true representative of “AI applications.”

Data source: Shanghai and Shenzhen exchanges, etc.

*Institutional viewpoint reference source: Shenwan Hongyuan’s “AI compute-power drives the explosion in optical module demand, and domestic equipment faces major opportunities”

ETF fund-related expense explanation: When investors subscribe for or redeem fund shares, the subscription and redemption agent institutions may charge a commission of up to 0.5% according to the standard. On-exchange transaction fees are subject to what securities firms actually charge; no sales service fee is charged.

Expense explanation for connected funds: The initiating connection C of the ChiNext AI ETF 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%. For the initiating connection A of the ChiNext AI ETF, the subscription fee is 1% for amounts below 1 million yuan; 0.6% for 1 million yuan (inclusive) to 2 million yuan; and for 2 million yuan (inclusive) or above, it is 1,000 yuan per order. The redemption fee is 1.5% within 7 days, and 0% for 7 days (inclusive) or more; no sales service fee is charged.

Risk warning: The Huabao ChiNext AI ETF passively tracks the ChiNext AI Index. The index base date is 2018.12.28, the publication date is 2024.7.11. The annual returns of the ChiNext AI Index for 2021-2025 are: 17.57%, -34.52%, 47.83%, 38.44%, and 106.35%, respectively. The composition of index constituent stocks is adjusted as appropriate according to the index compilation rules. Its backtested historical performance does not predict the index’s future performance. The index constituent stocks mentioned in the article are only for display; the descriptions of individual stocks do not constitute any form of investment advice, nor do they represent the fund manager’s holdings information and trading moves of any fund under its management. The risk level of this fund as assessed by the fund manager is R4—medium to high risk. It is suitable for aggressive investors (C4) and above. Please refer to the sales institution for the suitability matching opinion. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of statements) is for reference only. Investors are responsible for any investment decisions made independently. In addition, any viewpoints, analyses, and forecasts in this article do not constitute any form of investment advice to the readers, and no responsibility is assumed for any direct or indirect losses arising from the use of the content of this article. Investing in funds involves risks. Past performance does not represent future performance. The performance of other funds managed by the fund manager does not constitute a guarantee of performance for this fund. Investors should invest prudently.

MACD golden cross signal formation—these stocks are showing strong momentum!

Huge amounts of information and precise interpretation—everything is in the Sina Finance App

Responsible editor: Yang Hongbo