Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-11-28 07:14Group 1 - The AI computing power industry chain experienced fluctuations, with the Huaxia AI ETF (159381) narrowing its decline to 0.24% after initially dropping over 1% [1] - The 5G communication ETF (515050) showed resilience, slightly increasing by 0.10% with a trading range of 2.42% on the day [1] - Key stocks such as Putian Technology, Changxin Bochuang, and Guotou Intelligent saw significant gains [1] Group 2 - Dongguan Securities maintains an optimistic outlook on the ongoing development of computing power and 5G-A construction, keeping an overweight rating on the communication sector [1] - The overall performance of the telecommunications industry remained stable in the first three quarters, with steady growth in telecom business volume and ongoing infrastructure development for 5G and gigabit networks [1] - The expansion of user connections and rapid growth in mobile internet access traffic were noted as positive trends [1] Group 3 - Looking ahead, there is optimism regarding capital expenditure from leading CSPs, with opportunities for connection-side devices and equipment evolving towards high-speed and low-power consumption [1] - Recommendations include focusing on optical modules and switches that are expected to benefit from new demands on the connection side [1] - The ongoing commercial construction of 5G-A networks is anticipated to create new development space for industries such as IoT, connectors, and satellite communications [1]