通信ETF（515880）年内涨幅居A股ETF榜首，规模超95亿元居同类第一，算力核心环节占比超70%

Group 1 - The core viewpoint is that the communication ETF (515880) has seen a strong increase driven by the computing power sector, with a year-to-date increase of 87.17%, making it the top-performing ETF in the A-share market [1] - As of the end of August, the communication ETF has experienced a net inflow of over 4.4 billion yuan in the last 20 days, with a current scale exceeding 9.5 billion yuan, ranking first among its peers [1] - Citic Securities highlights that Alibaba's latest financial report shows significant growth in capital expenditure and cloud business for Q2 2025, with AI-related product revenue achieving triple-digit growth for eight consecutive quarters [1] Group 2 - The ongoing investment in AI infrastructure by Alibaba indicates a steady progress in the self-controllable process of domestic AI chips, suggesting that domestic cloud vendors will return to a high growth trajectory driven by AI demand [1] - The communication ETF (515880) provides a one-click investment opportunity in the computing power sector, with over 70% of its portfolio allocated to "optical modules + servers + optical fibers + copper connections" [1]