EOPTOLINK(SZ:300502) Xin Lang Cai Jing·2025-12-10 06:23Core Viewpoint - The AI computing power industry is experiencing a high growth cycle, driven by explosive demand for computing power, while facing supply bottlenecks in the optical module industry [2][9]. Group 1: Market Performance - The AI-focused ETF, Huabao (159363), has seen a significant increase, with a year-to-date growth of 104.85%, outperforming other AI-themed indices [2][9]. - The ETF's latest scale exceeds 3.3 billion, with an average daily trading volume of over 600 million in the past month, ranking first among seven ETFs tracking the ChiNext AI index [10]. Group 2: Industry Insights - The release of the H200 chip, a mainstream training chip in the U.S., is expected to positively impact the sales of NVIDIA products, benefiting the traditional overseas computing power supply chain [8][9]. - Major optical module manufacturers are actively pursuing a dual production expansion strategy in mainland China and Thailand to address the supply-demand gap, with a concentrated release of production capacity expected in the first quarter of next year [2][9]. Group 3: Investment Opportunities - The focus should be on the first ChiNext AI ETF (159363) and its associated funds, which have a significant allocation to optical modules, currently exceeding 56% [3][10]. - The ETF's portfolio is heavily weighted towards computing power, with over 70% allocated to this sector and more than 20% to AI applications, effectively capturing the AI market trends [10].