ETF Selection | The three major indices continue to decline, while related ETFs in communications, artificial intelligence, gold, and other sectors defy the trend and strengthen.

Ask AI · Why can Gemma 4 models accelerate the landing process of AI Agents?

On April 3, 2026, the A-share market fluctuated and weakened throughout the day, with the three major indices closing lower. By the end of the session, the Shanghai Composite Index fell by 1.11%, the Shenzhen Component Index dropped by 1.00%, and the ChiNext Index declined by 0.73%.

In terms of sectors, communication equipment, electronic chemicals, and rare earths led the gains, while utilities, electricity, and coal sectors saw the largest declines. Regarding main capital inflows, industry concepts such as these saw significant investment.

As for ETFs, possibly stimulated by related news, ETFs related to communication, artificial intelligence, and gold performed strongly against the trend!

【Institutions: Capital expenditure by super-large cloud vendors is expected to exceed $740 billion in 2026】

On the news front, the Q1 2026 performance outlook for the telecommunications industry shows that the AI technology revolution is driving the formation of a new growth trend, with significant development opportunities in optical connectivity, domestic computing power, AI edge applications, and commercial aerospace.

Morgan Stanley stated that the demand gap for computing power is significant, and the leading position of tech giants is strengthening. The cash capital expenditure of super-large cloud vendors is expected to exceed $740 billion in 2026, surpass $900 billion in 2027, with a compound annual growth rate of 29% from 2024 to 2027. Continued investment in computing infrastructure will support their competitive advantage in the AI era and further boost demand in the upstream and downstream industries such as semiconductors and data centers.

Related ETFs: Guotai Communication ETF (515880), GF Communication ETF (159507), Jiashi Communication ETF (159695), Franklin Communication ETF (159583), Yinhua Communication ETF (159994)

【Google officially launches Gemma 4 large models, institutions: AI Agents expected to rapidly land in 2026】

On the news front, Google officially launched Gemma 4 large models, including four variants of the Gemma 4 general-purpose model. Gemma 4 is specially designed for advanced reasoning and agent workflows, achieving an unprecedented “unit parameter intelligence level” capable of handling complex logic and agent workflows.

CITIC Construction Investment stated that in the AI application industry, investment opportunities can be focused on industry trends. The task delivery capability of Agents is becoming increasingly strong; besides model improvements, Agent Harness (structuring model capabilities for application) is an important driver. AI Agents are expected to rapidly land in 2026, with attention to their self-iterative evolution.

Related ETFs: ChiNext AI ETF China Merchants (159243), ChiNext AI ETF Huabao (159363), ChiNext AI ETF Franklin (159246), ChiNext AI ETF Huaan (159279), ChiNext AI ETF Dacheng (159242)

【Institutions: Long-term view on weakening US dollar credit, central banks’ gold purchases remain unchanged】

On the news front, Iran and Oman are reportedly drafting an agreement to implement “passage regulation” for ships passing through the Strait of Hormuz, promoting the establishment of a safe passage mechanism for the Strait. Gold prices quickly rebounded above $4,700 per ounce.

Everbright Securities indicated that in the short term, gold is mainly constrained by liquidity suppression from geopolitical conflicts and the rising oil prices that increase the likelihood of Fed rate hikes; after the escalation of geopolitical conflicts, a buying opportunity for gold may emerge; in the long term, the weakening of US dollar credit and the continued logic of central banks’ gold purchases remain unchanged, supporting further upward movement in gold prices.

Related ETFs: Gold ETF Guotai (518800), Gold ETF Huaxia (518850), Gold ETF Hu’an (518880), Gold ETF ICBC (518660), Gold ETF Bosera (159937)