Xin Lang Cai Jing·2025-09-23 06:37Core Insights - The A-share market experienced a decline, with all three major indices dropping over 1%, while the AI computing and technology sectors initially opened strong but followed the overall market trend downwards [1] - Nvidia and OpenAI announced a strategic partnership to build and deploy at least 10 gigawatts of AI data centers, which will involve an investment of up to $100 billion from Nvidia [1] - The AI computing industry is expected to continue its growth trajectory, with significant performance releases anticipated in the coming years, indicating a high level of industry vitality and visibility [2] Market Performance - The AI computing sector, particularly the light module CPO concept stocks, saw significant declines, with the ChiNext AI index dropping over 2% and individual stocks like Guangku Technology falling nearly 8% [1] - The trading volume for popular ETFs was high, with the lowest fee ChiNext AI ETF (159381) exceeding 170 million yuan in trading volume, and the largest 5G communication ETF (515050) surpassing 900 million yuan [1] Industry Outlook - The capital expenditure for computing power remains in a high growth phase, with the domestic market accelerating in line with global AI development [2] - Nvidia is expected to continue upgrading its GPU capabilities, and North American cloud computing giants are increasing their investments, which will benefit companies closely related to the overseas AI industry chain [2] - By 2025, the AI computing industry chain is projected to accelerate further, driven by evolving demand in inference, creating broader growth opportunities [2] ETF Selection - The ChiNext AI ETF (159381) tracks the ChiNext AI index, with over 50% weight in light module CPO stocks, and has a low fee rate of 0.20% [3] - The 5G communication ETF (515050) focuses on the Nvidia, Apple, and Huawei supply chains, with a weight of 38% in light module CPO stocks and 14% in PCB circuit board stocks [3]