Group 1 - The semiconductor and AI-related sectors experienced a decline on December 16, particularly in communication and ChiNext AI, likely due to the weakness in overseas AI trading [1] - Despite recent downturns, there is a high certainty that capital expenditure in the AI sector will continue to grow next year, with a positive outlook for communication ETFs (515880) and domestic semiconductor equipment ETFs (159516) [1][6] - CoreWeave, a data center supplier heavily involved in AI, saw a nearly 8% drop, highlighting the fragility of the overseas AI supply chain [2] Group 2 - Oracle reported a capital expenditure of $12.03 billion, significantly exceeding Bloomberg's consensus estimate of $8.25 billion, and raised its FY26 capital expenditure forecast to $50 billion [3] - The communication ETF (515880) is favored due to its significant exposure to the supply chain, with over 54% in optical modules and more than 19% in servers, indicating strong underlying components [6] - Domestic alternatives in the semiconductor space are gaining traction, with local GPU suppliers like Moore Threads and Muxi gaining attention as they narrow the gap with advanced overseas processes [6]
AI领域资本开支增长确定性较高，关注通信ETF（515880）、半导体设备ETF（159516）
Sou Hu Cai Jing·2025-12-17 01:16