OpenAI计划推出GPT-5， “光模块ETF”——通信ETF（515880）盘中涨超2%

Group 1 - OpenAI plans to release the GPT-5 model in early August 2025, including mini and nano versions, aiming to unify language models and reasoning systems to accelerate AI experience integration [1] - The AI development is expected to continuously drive demand for high-end optical modules, with the optical module industry showing strong long-term growth momentum [1] - In Q2 2025, global optical module sales are projected to grow by 10% quarter-on-quarter, primarily driven by the demand for 800G Ethernet optical modules, with contributions from 1.6T products [1] Group 2 - LightCounting forecasts that the global Ethernet optical module market will maintain a growth rate of around 50% in 2025, followed by a stable phase with an expected compound annual growth rate of 15% to 18% over the next five years [1] - The deployment of 800G is significantly accelerating, becoming the main driver of growth in the optical module market, while 1.6T products are gradually increasing in volume [1] - The optical module market is expected to maintain high prosperity due to ongoing investments in computing infrastructure, with new technology paths like LPO and CPO maturing for the upcoming 3.2T era [1] Group 3 - The AI development is still in its early stages, and the optical module market is likely to remain prosperous amid ongoing investments in computing infrastructure [2] - The communication ETF (515880), which has over 40% optical module content, is expected to benefit from the explosion in AI computing demand, with the top three companies accounting for over 32% [2] - The top ten constituents of the CSI Communication Equipment Index include companies like Xinyiseng (15.08%), Zhongji Xuchuang (13.59%), and ZTE (9.59%) [2]