Nvidia(US:NVDA) Xin Lang Cai Jing·2025-08-28 06:21Core Viewpoint - The communication equipment sector is experiencing a resurgence, driven by strong performance in related ETFs and significant growth in AI infrastructure spending, as highlighted by Nvidia's recent earnings report and supportive government policies for satellite communication development [1][3][4]. Group 1: Market Performance - On August 28, major market indices opened lower but rebounded, with the communication equipment ETF (159583) rising over 2%, and key stocks like Changfei Fiber and Huali Chuangtong hitting the daily limit [1]. - The communication equipment ETF has shown a 70.48% increase over the past 120 days and a 35.08% increase over the last 20 days, indicating strong market interest [2]. Group 2: Company Earnings - Nvidia reported Q2 FY2026 revenue of $46.74 billion, a 56% year-over-year increase, slightly exceeding expectations, with data center revenue at $41.1 billion, also reflecting a 56% growth [2][3]. - Nvidia anticipates Q3 revenue of approximately $54 billion, with a gross margin of about 73.5% and operating expenses around $4.2 billion [2]. Group 3: Industry Developments - The Ministry of Industry and Information Technology has issued guidelines to optimize the satellite communication industry, aiming for a significant increase in satellite communication users by 2030, with a target of over 10 million users [3]. - The guidelines propose 19 measures to enhance the satellite communication sector, focusing on market expansion, application scenarios, and regulatory improvements [3]. Group 4: Investment Opportunities - With the growing demand for AI computing power, there is an expected increase in hardware needs, particularly in the context of AI-driven data centers and 5G-A deployments [4]. - The communication equipment ETF (159583) is positioned to benefit from these trends, with significant holdings in companies like New Yisheng and Zhongji Xuchuang, which are expected to align with the AI development wave [4][5].