通信ETF（515880）：AI算力浪潮下的核心载体

Core Viewpoint - The communication industry is experiencing a threefold driving logic, primarily fueled by the explosive demand for optical modules, with 800G products leading global market growth and advancements in 1.6T and 3.2T technologies [2] Group 1: Market Dynamics - The demand for optical modules is the core engine of growth, with 800G products leading the market and 1.6T technology gradually increasing in volume, while LPO and CPO technologies are maturing to support the 3.2T era [2] - Major companies in the sector have reported significantly better-than-expected earnings, with New East Wisdom's net profit soaring by 327% to 385% year-on-year, and Zhongji Xuchuang's growth ranging from 53% to 87% [2] - The acceleration of AI computing infrastructure is forming a critical support, with NVIDIA's H20 chip resuming supply to China alleviating computing bottlenecks, and North American cloud providers like Meta expanding production, leading to increased orders for optical modules, PCBs, and server ODMs [2] Group 2: Investment Opportunities - The communication ETF (515880) tracks the communication equipment index, selecting listed companies involved in communication equipment manufacturing and technology services, reflecting the overall performance of related securities [2] - The communication ETF (515880) has shown strong liquidity among similar ETFs, with nearly 40% of its index weight in optical modules, positioning it to benefit from the current AI wave [2] - Over the past year, the communication ETF (515880) has achieved a return of 39.77%, outperforming the 800 communication and 5G communication indices [3]