Sou Hu Cai Jing·2025-07-31 02:14Core Viewpoint - The article highlights the strong performance of the optical module sector, particularly in the context of AI and computing power demand, driven by technological advancements and significant investments from major tech companies [1][2]. Group 1: Market Performance - Leading optical module companies have reached new highs, with notable increases in stock prices for companies like Zhongji Xuchuang (up over 6%) and New Yisheng (up over 4%) [1]. - The AI-focused ETF on the ChiNext board has also surged, reaching a new high with a trading volume exceeding 46 million yuan [1]. Group 2: Industry Growth Drivers - The demand for optical modules is expected to explode due to the need for massive computing power for large model training, with a persistent global computing power gap [2]. - The "East Data West Computing" initiative in China is accelerating, with major tech firms like Microsoft and Google increasing their investments in AI infrastructure [2]. Group 3: Market Projections - Goldman Sachs forecasts that the sales of 800G optical modules will reach 19.9 million and 33.5 million units in 2025 and 2026, respectively, with market values projected at $12.73 billion and $19.37 billion, reflecting year-on-year growth of 60% and 52% [2]. - Longjiang Securities notes significant accumulation in the communication sector, with optical modules being a core focus, as North American tech giants ramp up AI investments [2]. Group 4: Investment Opportunities - The article suggests focusing on the first AI ETF in the market, which has over 60% of its portfolio in computing infrastructure and over 30% in AI applications, effectively capturing the AI theme [3]. - The ETF includes leading companies in the optical module sector, covering various hot AI tracks such as hardware, IDC computing leasing, and AI applications [3].