Core Viewpoint - The CPO optical module sector is experiencing a significant rally, with key companies like Zhishang Technology, Tianfu Communication, and others showing strong stock performance and positive earnings forecasts for 2025, driven by increased global investment in computing infrastructure and high demand for optical modules and devices [1][2][3]. Company Performance - Zhishang Technology is expected to achieve a net profit of 9.8 billion to 11.8 billion CNY for 2025, representing a year-on-year growth of 89.5% to 128.2% [1]. - New Yi Sheng anticipates a net profit of 9.4 billion to 9.9 billion CNY for 2025, with a substantial year-on-year growth of 231.2% to 248.9% [2]. - Tianfu Communication projects a net profit of 1.881 billion to 2.150 billion CNY for 2025, indicating a year-on-year growth of 40.0% to 60.0% [3]. Market Trends - The entrepreneurial board's AI ETF (159363) has seen a significant increase in trading volume, with a notable inflow of 150 million CNY in the past two days, reflecting strong investor interest in the sector [1]. - The ETF manager emphasizes focusing on clear industry trends and upward performance in earnings and valuations, particularly in the optical module sector, which is expected to continue leading the market [3]. Investment Strategy - The current market environment is characterized by loose global liquidity, making assets with clear industry trends more likely to achieve valuation premiums, which are expected to expand [3]. - The entrepreneurial board's AI ETF is positioned to benefit from the commercialization of AI technology, with approximately 60% of its portfolio allocated to computing power (including leading optical module companies) and 40% to AI applications [3].