Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-12-03 02:59Core Viewpoint - The AI industry is experiencing a clear upward trend, with significant growth in the production of Google's TPU, indicating strong demand for computing power and AI applications [1][2]. Group 1: Market Activity - The optical module CPO and computing hardware continue to show strong activity, with New Yisheng rising over 4%, Tianfu Communication increasing over 3%, and Zhongji Xuchuang up over 1% [1]. - The AI-focused ETF (159363) saw its price rise over 2%, approaching its historical high since listing, with a real-time transaction volume exceeding 2.7 billion yuan, indicating a notable increase in trading activity [1]. Group 2: Supply Chain Insights - Morgan Stanley's latest research indicates a significant increase in Google's TPU production forecasts, with 2027 production estimates raised from approximately 3 million units to 5 million units (a 67% increase) and 2028 estimates from about 3.2 million units to 7 million units (a 120% increase) [1]. Group 3: Investment Recommendations - Huazhang Securities suggests that the AI industry's growth trend is clear, and the current short-term adjustment provides a good opportunity for future positioning, emphasizing the importance of computing power and AI applications [1]. - The first AI ETF on the ChiNext market (159363) and its corresponding off-market connection (023407) are recommended for investment, focusing on leading companies in the optical module sector, with over 56% of the ETF's holdings in optical modules [2].