Xin Lang Ji Jin·2025-11-03 01:44Core Insights - The AI hardware sector, particularly optical modules, has experienced a significant rise followed by a pullback, indicating a critical investment window for funds [1] - North American cloud service providers (MAMG) have reported a substantial increase in capital expenditures, suggesting continued high demand for computing power [3] - The optical communication industry is entering a new growth cycle driven by technological upgrades from 800G to 1.6T, with leading companies poised to benefit [4] Investment Trends - The largest and most liquid AI-focused ETF in the ChiNext market has attracted over 280 million yuan in inflows over four days, reflecting strong investor interest [1][4] - The total capital expenditure of MAMG for Q3 2025 reached 96.4 billion USD, a 68% year-on-year increase, with expectations for 2025 capital expenditures to hit 363.3 billion USD, up 63% [3] - The ChiNext AI ETF (159363) has a market size exceeding 3.5 billion yuan, with an average daily trading volume of over 700 million yuan, indicating robust trading activity [4] Industry Outlook - Analysts predict that the high demand for computing power will continue to support the optical module and related sectors, despite short-term fluctuations [3] - The transition to 1.6T technology is expected to enhance the competitive edge of leading firms with strong customer relationships and delivery capabilities [4] - The AI application sector, including IoT module companies, is also recommended for investment consideration as it shows promising developments [3]