光模块CPO含量超57%，低费率创业板人工智能ETF华夏（159381）近20日吸金超6.7亿元

Core Viewpoint - The A-share market is experiencing a strong performance, particularly in the AI technology sector, driven by significant capital expenditure on AI infrastructure globally, which is positively impacting Chinese tech hardware suppliers [1]. Group 1: Market Performance - The A-share major indices saw a mid-session rally, with the AI-focused ETF, Huaxia (159381), turning positive and achieving a trading volume exceeding 200 million yuan [1]. - The Huaxia ETF has attracted a total of 674 million yuan in the past 20 days, indicating strong investor interest in the AI technology sector [1]. Group 2: Investment Drivers - Morgan Stanley highlights that the substantial capital expenditure on AI infrastructure globally is a clear performance driver for Chinese tech hardware suppliers [1]. - The capital expenditure of the four major U.S. cloud service providers is expected to grow by 60% in 2025 and an additional 30% in 2026, creating a demand wave that is benefiting Chinese suppliers, especially in areas like optical modules, PCBs, and AI data center cooling [1]. Group 3: ETF Composition - The Huaxia ETF tracks the ChiNext AI Index and has a significant allocation of over 57% in optical modules, while also covering domestic software and AI application companies, providing high elasticity [1]. - The top three holdings in the ETF are Zhongji Xuchuang (26.62%), Xinyi Sheng (19.35%), and Tianfu Communication (5.05%) [1]. - The ETF boasts a low comprehensive fee rate of only 0.20%, the lowest among its peers [1].