Nvidia(US:NVDA) Xin Lang Cai Jing·2026-03-17 06:20Group 1 - The core viewpoint of the news highlights a significant divergence in the non-ferrous metal market, with A-share related stocks mostly declining while the non-ferrous ETF Dachen (159980) remains strong, showcasing its advantages in commodity attributes [1] - The Dachen ETF demonstrates superior volatility control due to its underlying assets linked to non-ferrous commodity futures, making it a stable choice amid market adjustments [1] - The solid supply-demand fundamentals provide effective cushioning for the Dachen ETF, resulting in lower price volatility compared to stock-based non-ferrous assets [1] Group 2 - Nvidia's CEO Jensen Huang emphasized the need for more copper cable capacity during his keynote at the GTC 2026 conference, addressing market concerns regarding the transition from copper to optical solutions [1] - Guohai Securities noted that copper cables are more suitable for short-distance interconnections within cabinets, highlighting their reliability and low cost for cloud vendors [2] - Huatai Securities pointed out that geopolitical disturbances in the Middle East could slow down supply growth for electrolytic aluminum, potentially driving aluminum prices upward [2] Group 3 - The current market volatility is primarily driven by risk release at the trading level, while the core logic of "rigid supply + energy transition demand" for industrial metals remains unchanged [3] - The Dachen ETF (159980.SZ) is positioned to capture overall opportunities in the sector, with its underlying assets comprising various non-ferrous metal futures [3]