Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-08-26 03:03Group 1 - The A-share market showed a mixed performance on August 26, with TMT concepts such as online gaming, 6G, Huawei Harmony, and optical module CPO leading the gains [1] - The AI sector continues to perform well, with the ChiNext AI ETF Huaxia (159381) gaining over 1% and its holdings like Tianfu Communication (300394) rising over 17% [1] - The ChiNext AI ETF Huaxia has seen a net inflow of over 80 million yuan in the past 10 days, indicating strong investor interest in AI-related assets [1] Group 2 - Huatai Securities noted significant achievements in domestic software and hardware collaboration, with a positive outlook for the demand for domestic computing infrastructure due to increased capital expenditure from internet companies and supply constraints on overseas GPUs [2] - The focus is recommended on the domestic computing and its supporting industry chain, including optical modules, AIDC, switches, and copper connections [2] - The communication industry is expected to see a revaluation of core asset values and new productive forces by 2025, particularly in AI computing chains and self-controlled sectors like upstream chips [2]