Cambricon(SH:688256) Sou Hu Cai Jing·2025-12-09 07:12Core Viewpoint - The market is experiencing consolidation, with A-shares mainly in the red, while the "Double Innovation Leading" ETF (588330) is showing resilience, rising over 1.8% intraday and currently up 0.96%, indicating strong technical momentum and active trading with a transaction volume exceeding 71 million yuan [1]. Group 1: ETF Performance - The "Double Innovation Leading" ETF has shown a cumulative increase of 89.28% since its low on April 8, significantly outperforming major indices such as the ChiNext Index (76.53%), the Sci-Tech Innovation Index (54.39%), and the Sci-Tech 50 Index (46.16%) [5][6]. - The ETF is currently positioned above all moving averages, indicating strong upward momentum [1]. Group 2: Key Stocks Performance - Leading stocks within the ETF include Shenghong Technology, which surged by 8.15%, and major players in the optical module sector such as Zhongji Xuchuang and Xinye Sheng, which rose by 6.24% and 3.37% respectively [3]. - AI chip leader Cambricon Technologies saw a nearly 1% increase, surpassing Kweichow Moutai to become the highest-valued stock in A-shares [3]. Group 3: Market Trends and Insights - The demand for computing power is surging, leading to a supply gap in the optical module industry, with a significant increase in demand for 800G/1.6T optical modules associated with the H200 chip [4]. - Analysts predict that the optical module sector will benefit from the release of the H200 chip, which is expected to drive growth in shipment volumes and enhance product pricing due to technological upgrades [4]. - The "new quality productivity" sector is anticipated to experience substantial growth driven by technological breakthroughs, policy support, and commercial implementation, particularly in TMT and advanced manufacturing sectors [4].