Venture(US:VEMLY) Xin Lang Ji Jin·2025-11-10 12:09Core Insights - The A-share market is experiencing significant fluctuations, particularly in the AI-related sectors such as computing hardware, with notable volatility in the optical module sector [1][3] - Despite market turbulence, there is a strong positive sentiment towards the computing industry, with expectations for 2025 to be a pivotal year for AI infrastructure in China [3][5] Market Performance - The optical module sector saw a decline of over 2% in early trading but rebounded towards the end of the day, with Tianfu Communication rising by 2.86% [1] - The ChiNext AI ETF (159363), which heavily invests in optical module leaders, experienced a drop of over 3% during the day but closed down only 0.46%, indicating short-term bullish sentiment [1][4] Investment Trends - Recent data shows that financing activities in the optical module sector are robust, with Tianfu Communication receiving a net buy of 1.664 billion yuan, the highest among 124 stocks [3] - The ChiNext AI ETF (159363) has seen significant inflows, with 42 million shares net subscribed during market adjustments, reflecting investor confidence [3] Sector Outlook - Tianfeng Securities maintains a positive outlook on the core stocks within the computing industry chain, emphasizing the ongoing development of domestic AI infrastructure and investments from major companies like Alibaba and ByteDance [3][5] - The optical module ETF (159363) is highlighted as a key investment vehicle, with over 70% of its portfolio allocated to computing and more than 20% to AI applications, making it effective in capturing AI market trends [4] Market Dynamics - Analysts note a shift in market style, with current resistance levels in indices and tech growth sectors, suggesting a need for further consolidation before a new upward trend can emerge [5] - The current AI wave is characterized as moving from a speculative phase to a practical application phase, with a focus on key metrics such as capital expenditures and token consumption [5]