Mei Ri Jing Ji Xin Wen·2025-11-26 06:16Core Insights - AI computing hardware continues to show a rebound, with strong performance in optical modules, CPO, and PCB concepts [1] - Alibaba's Q2 FY2026 earnings report highlights a 34% year-on-year increase in cloud revenue and triple-digit growth in AI-related product revenue for nine consecutive quarters [1] - CITIC Securities indicates that Alibaba's ongoing investment in AI infrastructure signifies a steady advancement in domestic computing capabilities, suggesting an industry turning point for domestic computing [1] Group 1: Market Performance - The AI computing hardware sector is experiencing a strong rebound, with companies like Zhongji Xuchuang, Hudian Co., Xinyisheng, and Guangku Technology showing significant gains [1] - The lowest fee rate AI ETF, Huaxia (159381), and the 5G communication ETF (515050) both surged over 4%, with trading volumes reaching 348 million yuan and 299 million yuan respectively [1] - The cloud computing 50 ETF (516630), focusing on AI hardware and software, increased by 2.70% [1] Group 2: Company Developments - Alibaba's capital expenditure for the quarter was 31.5 billion yuan, with a total of approximately 120 billion yuan spent on AI and cloud infrastructure over the past four quarters [1] - The sustained investment in AI infrastructure by Alibaba is viewed as a critical step in the development of domestic computing capabilities [1] Group 3: Industry Outlook - CITIC Jiantou emphasizes the need for a long-term perspective on the ongoing AI industrial revolution, comparing its impact to that of the industrial revolution [1] - The firm expresses optimism regarding the demand for computing power and applications driven by AI [1]