Sou Hu Cai Jing·2025-12-09 02:55Group 1 - CPO sector experiences a significant surge, with Zhongji Xuchuang rising over 4% and Xinyi rising over 3%, while the cloud computing ETF Huatai (159273) increases by over 2%, marking a strong four-day rally and reaching new highs [1] - Nvidia's H200 AI chip is expected to be allowed for export to China, potentially opening a large market for Nvidia's products [3] - Google is collaborating with Chinese AR company Xreal to develop "Project Aura," a standalone AR glasses project that operates on the Android XR system [3] Group 2 - The cloud computing ETF Huatai (159273) shows mixed performance among its constituent stocks, with significant gains in optical modules and companies like Inspur Information rising over 3% [4] - Zhongjin Securities indicates that the securities industry is entering a "spring fever" market, driven by favorable policies and a focus on technology, particularly in AI hardware and optical modules [6] - The optical module market is expected to continue its upward trend, with a projected compound annual growth rate (CAGR) of 17% from 2025 to 2030, driven by demand from AI infrastructure [10] Group 3 - Google's new AI model Gemini 3 shows impressive performance, with TPU chips expected to see increased production by 2026-2027, enhancing the demand for optical modules [7] - The demand for optical modules is expected to rise significantly, with a supply gap of 25%-30% currently, and prices are anticipated to increase by 2026 [10] - Major cloud service providers (CSPs) are increasing their capital expenditures, with significant growth in demand for 1.6T optical modules expected in the coming years [12][13]