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Market Overview - A-shares showed mixed performance with the ChiNext Index slightly up, while sectors like non-ferrous metals and oil & petrochemicals led the gains, and real estate, media, construction materials, and computers faced declines [1] Concept Sectors - Active concept sectors included aquaculture, lithium mining, optical module CPO, lithium extraction from salt lakes, and photolithography machines [1] ETF Performance - The cloud computing 50 ETF (516630) experienced a slight decline, with major holdings such as Shenzhou Information (000555), Deep Technology (300768), and others leading the losses, while a few companies like Zhongji Xuchuang (300308) and Shiji Information (002153) saw gains [1] Nvidia Financial Outlook - Nvidia is set to release its Q3 FY26 earnings report, with expected revenue of $55.1 billion, a 57% year-over-year increase, and data center revenue projected at $49.1 billion [2] - The adjusted gross margin for Q3 is anticipated to be 73.7%, indicating strong demand from major clients, including North American cloud service providers [2] - Nvidia's CEO emphasized a clear visibility towards achieving $500 billion in cumulative data center revenue by 2025-2026, suggesting sustained high demand in the AI infrastructure cycle [2] Investment Opportunities - The AI hardware sector is expected to maintain high growth, with potential valuation recovery opportunities linked to Nvidia's earnings report and expectations of overseas interest rate cuts [2] - Focus areas for investment include overseas computing (PCB, optical modules), domestic computing (semiconductor supply chain, storage), and consumer electronics [2] Related ETFs - The Sci-Tech Innovation 50 ETF (159783) focuses on high elasticity sectors including semiconductors, communication equipment, batteries, and photovoltaic equipment [3] - The cloud computing 50 ETF (516630) covers popular computing concepts such as optical modules & devices, computing leasing, data centers, AI servers, and liquid cooling [3]