关注两个大会!

Group 1: Oil Market Insights - Oil prices have fluctuated around $90 per barrel, primarily due to Trump's statement indicating that the war with Iran is "basically over" or "will end soon," leading to a rebound in global risk appetite [1] - Long-term profitability growth in the A-share market is expected to recover, coupled with a trend of RMB appreciation, suggesting potential for greater upward movement in the Shanghai Composite Index [1] Group 2: Investment Strategies - In a volatile macro environment, focusing on high-certainty HALO (heavy asset, low elimination rate) trades is recommended, particularly in AI infrastructure [1] - Key areas for HALO trades include AI hardware benefiting from ongoing capital expenditures by major overseas CSPs, and sectors like industrial metals, semiconductor equipment, and wafer foundries [1] Group 3: Upcoming Conferences - Two significant conferences are scheduled for late March: GTC (NVIDIA GPU Technology Conference) and OFC (Optical Fiber Communication Conference) [2][3] - GTC 2026 will focus on details and deployment plans for CPO (Co-Packaged Optics), including potential announcements regarding Quantum-X and Spectrum-X optical switch details [3] Group 4: Technological Developments - OFC 2026 is expected to highlight NPO (Next-Generation Photonic Optics) as a mainstream technology, with a focus on new materials like thin-film lithium niobate, which is anticipated to be essential for single-wave 400G solutions [4] - The conference will also cover advancements in CPO products and reliability results, including developments from NVIDIA and Corning [4] Group 5: Investment Recommendations - Companies to watch include those involved in NPO, such as Huagong Technology, which is positioned to benefit from strong domestic demand [4] - Other recommended companies include Tian Tong Co. and Anfu, which are expected to lead in thin-film lithium niobate technology [4]