通信ETF（515880）大涨超7%，光模块占比超50%，持续看好AI星辰大海

Core Viewpoint - The article highlights the positive outlook for the stock market driven by rising expectations of Federal Reserve interest rate cuts and advancements in AI technology, particularly by Google with its Gemini and TPU developments [1] Group 1: Market Conditions - The U.S. stock market is experiencing a recovery as concerns are gradually alleviated, and geopolitical tensions, such as the Russia-Ukraine conflict, are easing, potentially increasing global risk appetite [1] - The A-share market has strong support at lower levels, indicating resilience [1] Group 2: AI and Technology Developments - Google has made significant progress in AI, with its Gemini and TPU technologies positioning it as a leading full-stack AI giant in both model and application development [1] - Despite changes in the computing chip landscape, the logic for suppliers of optical modules remains robust [1] Group 3: Investment Opportunities - There is a sustained positive outlook for AI, although short-term volatility should be monitored [1] - The communication ETF (515880) is recommended for low-position investment opportunities, suggesting a dollar-cost averaging approach to mitigate volatility risks [1] - As of October 28, the communication ETF has a 52% allocation in optical modules and 22% in servers, with over 81% combined in optical fiber and copper connections, reflecting strong fundamentals in overseas computing infrastructure [1][2]