20cm速递｜关注创业板人工智能ETF国泰（159388）投资机会，通信业增长与AI算力需求引关注

Core Viewpoint - The communication industry in 2026 will focus on three main areas: computing power, operator dividends, and satellite internet capabilities, driven by ongoing global AI demand and investment growth [1] Group 1: Industry Trends - The global AI sector remains highly prosperous, with continuous application development and increased investment expected [1] - Hardware solutions like Nvidia's GB300 supernode are accelerating shipments, and ASIC deliveries are anticipated to increase significantly [1] - The penetration rate of domestic supernodes is rapidly rising, which will boost demand in various segments such as switching networks, optical modules, liquid cooling, power supplies, and copper connections [1] Group 2: Market Opportunities - The optical module industry is set to benefit from the rollout of 800G/1.6T technologies and increased silicon photonics penetration [1] - Telecom operators are experiencing accelerated growth in innovative business segments, with satellite and computing power services providing new revenue streams [1] - The rapid development of domestic commercial aerospace and low-orbit satellite networks is expected to lead to increased orders for related companies [1] Group 3: AI and Satellite Internet - The long-term trend for AI computing power demand is confirmed, although short-term purchasing has slowed due to a phase of adjustment, with recovery expected as application demand increases [1] - The satellite internet sector shows optimistic long-term market potential and favorable capital expenditure outlook [1] Group 4: Investment Products - The Guotai AI ETF (159388) tracks the ChiNext AI Index (970070), which has a daily fluctuation of up to 20%, focusing on companies involved in AI technology development and application [1] - This index selects stocks from the ChiNext market that reflect the overall performance of companies in intelligent computing and machine learning, emphasizing high-growth and innovative enterprises [1]