Venture(US:VEMLY) Xin Lang Cai Jing·2025-08-29 06:56Group 1 - The core viewpoint is that the AI sector is experiencing a significant pullback, with the ChiNext AI ETF (159381) down 1.89% and several holdings declining over 4% [1] - Despite the pullback, there is a strong influx of capital into the ChiNext AI ETF, with over 30 million shares net subscribed in a single day and a total of over 200 million yuan raised in the last 10 trading days [1] - The ChiNext AI ETF tracks the ChiNext AI Index and focuses on leading companies in the AI industry chain, particularly in AI computing power, with a low management fee of 0.20% [1] Group 2 - The current market for optical modules and computing power is robust, with ongoing questions about the sustainability of this trend [2] - The optical module sector is believed to be at the beginning of a growth phase, transitioning from rapid earnings growth to valuation enhancement [2] - Leading companies in the optical module industry are moving from "earnings realization" to "value re-evaluation," indicating a shift in stock price drivers from business performance to a combination of earnings and valuation [2]