ETF日报 | 中际旭创大涨13%，CPO点燃市场情绪

Communication Sector - North American tech giants are increasing capital expenditures, with Amazon planning $125 billion, Google raising to $91-93 billion, Meta guiding $70-72 billion, and Microsoft aiming to double its data center size within two years [2] - Operators are positioned as key players in the future 6G technology, with strong profitability, cash flow, and dividend levels, and technology maturity expected to improve during the 14th Five-Year Plan [2] - The communication ETF Guangfa (159507) rose by 4.49% [2] ChiNext Index - The latest VAT invoice data from the State Taxation Administration shows steady growth in high-end manufacturing, innovative industries, and digital-physical integration, injecting new vitality into economic development [3] - Recent expectations of a Federal Reserve interest rate cut and stabilizing international conditions may boost market risk appetite, with AI applications and tech sectors likely to continue performing well [3] - The ChiNext ETF Guangfa (159952) increased by 2.16%, while the Double Innovation 50 ETF Enhanced (588320) rose by 2.79% [3] Electronics Sector - Singapore's National AI Strategy is undergoing a major strategic shift, moving from Meta's model to Alibaba's Qwen open-source architecture for its Southeast Asian language model project [4] - Huawei launched the Mate 80 series and Mate X7, along with several new products on November 25 [4] - The AI industry is transitioning its value focus from computing power to application, marking a significant moment for industry intelligence upgrades [4] - The AI ETF Kexin (588760) has seen over 1300% growth in shares year-to-date, while the largest information technology ETF (159939) has a latest scale of 1.269 billion [4] Defense and Military - New fourth-generation equipment is expected to be a key focus for military weaponry development during the 14th Five-Year Plan, with an emphasis on unmanned systems and military AI [6] - The leading military ETF (512680) has a latest scale of 7.536 billion [6] Media Sector - The media and internet industry growth is driven by performance and AI empowerment, with a focus on AI applications and quality content production [7] - The largest media ETF (512980) has a latest scale of 3.185 billion, having attracted 279 million in net inflows over the past five days [7] Market Performance - As of November 26, 2025, the communication index led the market with a 4.64% increase, followed by the ChiNext index at 2.14% and the electronics index at 1.58% [5] - The defense and military sector saw a decline of 2.25%, while the media sector decreased by 0.82% [9]