Sou Hu Cai Jing·2025-12-03 02:28Core Insights - The CPO concept stocks in the optical module sector experienced a surge, with companies like Yuanjie Technology, Xinyi Technology, and Tianfu Communication seeing significant increases in their stock prices [1] - The Huaxia ETF (159381), which tracks the "ChiNext AI Index," rose by 1.30% and quickly surpassed a trading volume of 2.6 billion yuan, indicating strong investor interest in AI-related themes [1] - Major North American tech giants are increasing their capital expenditure forecasts, with Meta raising its forecast to $70-72 billion, Google to $91-93 billion, and Amazon to approximately $125 billion for the year [1] Industry Analysis - The rapid growth in computing power demand has led to a supply gap in the optical module industry, with structural shortages in upstream optical chips and slow capacity ramp-up being critical constraints on industry development [2] - The high technical barriers associated with high-speed optical modules further exacerbate the supply challenges, making it a key factor in the industry's growth limitations [2]