通信ETF（515880）跌超7%，成交额超20亿元，资金或逢低配置

Core Viewpoint - The market is experiencing fluctuations, with the computing power sector leading the decline, particularly the communication ETF (515880), which fell over 7% with a trading volume exceeding 2 billion [1]. Group 1: Market Performance - The communication ETF (515880) has a significant exposure to optical modules, accounting for nearly 50% of its portfolio, and combined with servers, optical fibers, and copper connections, these components make up over 75% of the ETF [2]. - In the past five days, there has been a capital inflow of over 4 billion, bringing the current scale of the ETF to over 12 billion, making it the largest in its category [2]. Group 2: Investment Opportunities - According to CITIC Securities, the current penetration rate of AI users is still low, and the development of large models is in the early to mid-stages, indicating that the industrialization cycle has just begun. This suggests that investments in computing power driven by large models are on the rise, with capital expenditures expected to grow alongside revenue from these models [2]. - The computing power sector is viewed as a significant market trend, and investors are encouraged to explore related investment opportunities [2].