Mei Ri Jing Ji Xin Wen·2025-06-20 03:09Group 1 - The AIGC, Kimi, optical module CPO, and ChatGPT AI concepts are experiencing a short-term pullback, with the ChiNext AI ETF (159381) dropping over 1.7% as of 10:44 AM, led by declines in stocks such as Zhongwen Online, Wanxing Technology, Chuangyi Information, and Dongtu Technology, with Xinyisheng falling over 2% [1] - Open Source Securities suggests that the short-term pullback may present a low-position layout opportunity, as the acceleration of AI large model iterations is enhancing reasoning performance and optimizing reasoning costs, which is expected to boost the practicality of AIGC technology and accelerate its application in industries like education, coding, and gaming [1] - The demand for reasoning computing power is anticipated to increase as user engagement rises, alongside the ongoing implementation of AI video calls and AI online gaming, which will drive the demand for AIDC resources and edge computing resources in major cities, thereby stimulating the domestic AI computing power industry chain [1] Group 2 - The ChiNext AI ETF (159381) tracks the ChiNext AI Index, selecting AI-focused companies listed on the ChiNext board, with a daily price fluctuation limit of ±20% [2] - The fund has a management fee rate of 0.15% and a custody fee rate of 0.05%, making its overall fee rate the lowest among comparable funds [2] - The index covers the entire AI industry chain, focusing on hardware, software, and applications, with a significant emphasis on leading companies in communication equipment and optical modules, where the optical module CPO concept stocks account for over 26.6% of the index [2] - The top five constituent stocks include leading optical module companies Xinyisheng, Zhongji Xuchuang, and Tianfu Communication, along with other industry leaders such as Beijing Junzheng, Quanzhi Technology, Softcom Power, Guanghuan New Network, Wangsu Technology, and Shenxinfeng [2]