Core Viewpoint - The AI sector is experiencing a significant bullish trend, with substantial capital inflow into related ETFs, indicating strong market confidence in AI technologies and their applications [1][9]. Group 1: ETF Performance - The Communication ETF (515880) rose by 4.26%, attracting over 1.5 billion yuan in the last 10 days, with a current scale exceeding 5.1 billion yuan [1][2]. - The ChiNext AI ETF (国泰) saw a 5.34% increase, reflecting similar positive market sentiment [2]. Group 2: Market Drivers - The North American computing power supply chain is a focal point, with key sectors including PCB, optical modules, and server ODM witnessing increased demand and expansion [2]. - PCB manufacturers are showing a strong willingness to expand production, with expectations for bulk orders in PCB equipment like laser drilling [2]. - The AI-driven demand, coupled with a recovering macroeconomic environment, has led to price increases among upstream copper-clad laminate manufacturers [2]. Group 3: Technological Advancements - DeepMind's Genie3 has made significant strides in creating interactive, physics-consistent environments, which can be utilized in various fields such as robotics, game development, and education [3][4]. - Genie3's capabilities allow for rapid prototyping in game design and exploration of creative possibilities, marking a paradigm shift in AI research [3]. Group 4: Valuation and Future Outlook - As of August 18, the Communication ETF (515880) has a P/E ratio of 45.5x, positioned at the 53.87 percentile since its inception [8]. - The demand from North American capital expenditures is exceeding expectations, with optimistic guidance from major cloud providers [8]. - The AI sector is viewed as a major opportunity, potentially the largest since cloud computing, warranting continued attention to the ChiNext AI ETF and Communication ETF [9].