Venture(US:VEMLY) Xin Lang Ji Jin·2025-08-27 11:53Core Viewpoint - The A-share market experienced a decline, but the AI sector, particularly the ChiNext AI index, showed resilience with a nearly 2% increase, reaching a new closing high, driven by strong performance in computing power and optical module stocks [1][2]. Group 1: Market Performance - The ChiNext AI index outperformed the broader market, with a year-to-date increase of over 68%, significantly surpassing other AI indices such as the CS AI and Sci-Tech Innovation AI [3][4]. - The leading optical module stocks, such as Changxin Bochuang and New Yisheng, saw substantial gains, with increases of over 12% and 9% respectively, and New Yisheng's market capitalization surpassing 300 billion [1][2]. Group 2: Driving Factors - Policy support is a key driver, with the recent document "Opinions on Deepening the Implementation of 'AI+' Action" aiming for widespread integration of AI in six key areas by 2027, targeting over 70% application penetration [1][2]. - The AI sector is experiencing a surge in performance due to high global demand for computing power, with companies like New Yisheng and Ruijie Networks reporting net profit growth rates exceeding 355% and 194% respectively [2][3]. - Technological advancements, such as NVIDIA's launch of Spectrum-XGS Ethernet, are expected to enhance interconnectivity and technical requirements, further catalyzing hardware demand [2]. Group 3: Investment Opportunities - The market is advised to focus on the ChiNext AI ETF (159363), which has a significant allocation towards computing power and has seen a recent surge in trading volume, with a net subscription of 312 million units [1][5]. - The optical module sector is highlighted as a core opportunity, with the ChiNext AI ETF having over 41% exposure to this segment, indicating strong potential for continued growth [5].