5G通信ETF、创业板人工智能ETF盘中下挫，光模块短期波动不改长期上行趋势，下跌回调提供布局窗口

Core Viewpoint - The optical module sector, represented by companies like NewEase and Zhongji Xuchuang, has experienced a collective pullback, primarily due to a slowdown in quarterly performance growth and previous excessive gains, although the industry still shows strong growth momentum [1]. Summary by Relevant Categories Market Performance - Popular ETFs such as the Huaxia AI ETF (159381) and the 5G Communication ETF (515050) saw declines of over 3% and nearly 5% respectively [1]. - The optical module sector's significant pullback is attributed to a combination of slower quarterly growth and technical adjustments following substantial prior gains [1]. Company Performance - NewEase, a leading company in the optical module space, reported a substantial year-on-year increase in net profit. However, its overall revenue did not maintain the previous high growth rate due to adjustments in the delivery schedules of certain clients, leading to weaker stock performance post-earnings report [1]. Industry Outlook - Guosheng Securities indicates that multiple catalysts are driving the optical communication sector, which remains a key component of computing power. The ratio of GPUs to optical modules is evolving from a traditional 1:3 to 1:5 or higher, alongside upgrades from 800G to 1.6T [1]. - The ongoing underperformance of ASICs, which have weaker single-card capabilities, necessitates stronger networks for improved cluster performance, significantly increasing the demand for optical modules [1]. - The combination of these factors positions optical modules as a critical element in computing power, highlighting their importance in the industry [1].