Venture(US:VEMLY) Xin Lang Cai Jing·2025-11-19 07:05Core Insights - The computing power industry is experiencing renewed activity, with significant movements in related ETFs and stocks [1] - Strategic partnerships between major companies like Microsoft, Nvidia, and AI startup Anthropic are set to reshape the computing power landscape [1] - A shift from traditional heavy asset construction models to diversified financing structures is emerging, facilitating a new expansion cycle in computing power [1] Group 1: Market Performance - The ChiNext AI ETF (159381) rose by 0.70%, aiming for a third consecutive day of gains [1] - The 5G Communication ETF (515050) turned positive in the afternoon, increasing by 0.41% [1] - Notable stock performances include LianTe Technology, which surged over 14%, and leading optical module companies like Zhongji Xuchuang and Xinyi Sheng, both rising over 3% [1] Group 2: Strategic Partnerships - Microsoft and Nvidia, along with Anthropic, announced a strategic collaboration, with Nvidia committing up to $10 billion and Microsoft up to $5 billion [1] - Anthropic plans to invest $30 billion in purchasing Azure computing power [1] Group 3: Industry Trends - Huatai Securities indicates that capital innovation is transforming computing power construction models, initiating a new expansion cycle [1] - New financing models such as "computing power leasing" and "computing power debt financing" are emerging, addressing previous issues of high upfront investment and long return periods [1] - The dual drive of capital and technology is creating a positive feedback loop in computing power construction, leading to a new prosperity cycle in global computing infrastructure [1]