Xin Lang Ji Jin·2025-07-17 05:54Group 1 - The core viewpoint of the news highlights the positive impact of NVIDIA and AMD's resumption of AI chip supply to China, which is expected to drive demand for domestic data center construction and boost the performance of companies in the optical module sector, particularly the "three musketeers" of optical modules: NewEase, Zhongji Xuchuang, and Tianfu Communication [3][4] - NewEase is identified as a supplier of NVIDIA's 800G LPO optical modules, with the demand for H20 chip inference computing power expected to drive procurement of low-power optical modules [3] - Zhongji Xuchuang is noted as a core supplier of NVIDIA's 1.6T/800G optical modules, with the recovery of H20 chip supply anticipated to increase domestic AI server demand and subsequently enhance orders for high-speed optical modules [3] - Tianfu Communication provides optical engines and CPO components for NVIDIA, with the H20 chip's server clusters requiring more efficient optical interconnect solutions [3] Group 2 - The "three musketeers" of optical modules—Zhongji Xuchuang, NewEase, and Tianfu Communication—are components of the dual-innovation leading ETF (588330), with respective weightings of 5.22%, 5.08%, and 1.50%, totaling over 10% [4] - The dual-innovation leading ETF (588330) offers a lower investment threshold compared to direct investments in the Sci-Tech Innovation Board and the Growth Enterprise Market, allowing investors to start with less than 100 yuan based on the current price [4][7] - The investment strategy focuses on AI as a key theme, with expectations for continued integration of AI capabilities across various industries, driving investment opportunities in AI computing power, applications, and terminals [6]