把握光模块等算力、AI应用核心机会，建议重点关注全市场首只创业板人工智能ETF（159363）及场 外联接（A类023407、C类023408），标的指数重点布局光模块龙头"易中天"，光模块含量超54%。从 赛道分布看，逾七成仓位布局算力，超两成仓位布局AI应用，能够高效捕捉AI主题行情。（截至 2025.10.31） 数据来源：沪深交易所等。注："全市场首只"是指首只跟踪创业板人工智能指数的ETF。 20日早盘，受英伟达财报全面超预期刺激，光模块CPO等英伟达产业链全面上涨。截至发稿，中际旭 创涨超5%逼近前高，新易盛涨超3%，天孚通信涨超2%。光模块CPO含量超54%的创业板人工智能ETF （159363）场内再涨超2%，连涨4天，实时成交快速超2.5亿元，放量明显。 | 分时 多日 1分 * | | | | | F9 盘前盘后 图加 九转 画线 工具 @ 2 >> | | | | 0.860 +0.018 +2.14% | | | 创业板人工智能ETF华室 | 联 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

全球AI风向标英伟达再次交出耀眼成绩单，其2025财年第三季度营收、利润以及对下一季度的展望， 均显著高于市场预期。受此利好刺激，其股价昨夜大涨近3%。11月20日，深度参与海外算力产业链、 重仓光模块的创业板人工智能ETF（159363）早盘大幅高开，现大涨超2%。 数据显示，光模块CPO含量超54%的创业板人工智能ETF（159363）日线三连阳，资金重回强劲净流入 态势，近两日大举吸金超2.1亿元。当前AI趋势明确，人工智能军备竞赛持续，国内外云厂商资本开支 高增，投资者可持续关注光模块含量超54%的创业板人工智能ETF（159363）。全市场首只创业板人工 智能ETF（159363）及场外联接（023407），标的指数重点布局光模块龙头"易中天"，光模块含量超 54%。从赛道分布看，逾七成仓位布局算力，超两成仓位布局AI应用，能够高效捕捉AI主题行情。 英伟达财报持续验证算力景气度，A股以光模块为核心的算力硬件或迎重磅催化。此前，兴业证券表 示，对于明年高景气且景气加速AI硬件板块，也是海外映射下近期调整幅度较大的方向，若后续英伟 达财报、海外降息预期等因素提供催化，重视潜在估值修复机会，包括海外算力 ...

Group 1 - The core viewpoint of the article highlights the significant stock transfer of Cambridge Technology from Guotai Junan (Hong Kong) to Morgan Stanley Hong Kong Securities, valued at HKD 433 million, representing 6.5% of the total shares [1] - Cambridge Technology reported its Q3 2025 results on October 26, showing a total revenue of approximately CNY 3.36 billion, an increase of 21.57% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was approximately CNY 259 million, reflecting a substantial year-on-year growth of 70.88% [1] Group 2 - The company's performance is driven by high-quality growth, primarily from its two main businesses: high-speed optical modules and telecom broadband access [1]

11月19日，三大指数冲高回落，午后有所回升，终结3连跌，沪指、创业板指小幅收涨，深证成指持 平。两市成交额1.73万亿元，环比缩量，近4200只个股下跌。 | 序号 代码 | | 名称 | 两日图 现价 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | | 1 | 159876 | 有色龙头ETF | Now 0.908 0.022 2.48% | | 2 | 516020 | 化工ETF | har 0.820 0.010 1.23% | | 3 | 512800 | 银行ETF | Lad V 0.842 0.008 0.96% | | 4 | 510030 | 价值ETF | 1.104 0.010 0.91% | | ત | 562010 | 绿色能源ETF | Show 1.025 0.007 0.69% | | 6 | 159275 | 农牧渔ETF | unn 1.006 0.006 0.60% | | 7 | 159363 | | 创业板人工智能ETF华宝 r^~ 0.842 0.004 0.48% | | 8 | 512810 | 国防军工ETF | Intent ...

Group 1 - The core viewpoint of the articles highlights the strong performance of optical module companies and the AI sector in the face of a broader tech stock pullback, with significant gains in stocks like LianTe Technology and Zhongji Xuchuang [1][3] - The announcement of Anthropic's $30 billion investment in Microsoft's Azure cloud platform to expand its Claude AI model, supported by Nvidia, indicates a growing demand for AI and related technologies [3] - Predictions suggest that the global demand for 800G optical modules will reach 40 million units and 1.6T optical modules will exceed 7 million units by next year, driven by increased shipments of ASIC chips [3] Group 2 - The upcoming Nvidia earnings report is expected to validate the demand for computing power, which could catalyze the optical module sector in the A-share market [4] - Analysts recommend focusing on the first AI ETF tracking the ChiNext AI Index, which has over 54% exposure to optical modules, as a way to capture opportunities in the AI theme [4] - The ETF has seen significant inflows, with a net subscription of 92 million units in a single day, indicating strong investor interest [1][4]

5个行业获主力资金净流入。 据证券时报·数据宝统计，今日（11月19日）沪深两市主力资金净流出348.42亿元，其中创业板净流出118.03亿元。 行业板块方面，申万一级10个行业上涨，有色金属行业涨幅居首，达2.39%；石油石化、国防军工和美容护理行业均涨超1%。21个下跌行业中， 综合行业跌幅居首，达3.08%；房地产行业跌2.09%，传媒、建筑材料、商贸零售和计算机等行业均跌超1%。 （原标题：主力资金丨尾盘主力出手，4股被盯上） 4股尾盘主力资金净流入均超1亿元 从资金流向来看，申万一级行业中，5个行业获主力资金净流入。国防军工行业主力资金净流入居首，达22.58亿元；通信行业主力资金净流入7.93 亿元，居次席。有色金属、农林牧渔和美容护理行业净流入金额均超1.3亿元。 26个主力资金净流出的行业中，计算机行业净流出61.21亿元，居首；电子和医药生物行业主力资金净流出均超41亿元，传媒、机械设备、电力设 备和汽车行业主力资金净流出均超26亿元。 光模块龙头股获主力资金抢筹居首 从个股来看，69股主力资金净流入均超1亿元，其中13股净流入金额均超3亿元。 光模块龙头股新易盛主力资金净流入9.56亿元 ...

Group 1: Market Overview - On November 19, the main funds in the Shanghai and Shenzhen markets experienced a net outflow of 34.842 billion yuan, with the ChiNext board seeing a net outflow of 11.803 billion yuan [1] - Among the 10 primary industry sectors, the non-ferrous metals sector had the highest increase at 2.39%, while the comprehensive sector saw the largest decline at 3.08% [1] - Five sectors received net inflows from main funds, with the defense and military industry leading at 2.258 billion yuan [1] Group 2: Individual Stock Performance - The leading stock in terms of net inflow was the optical module company Xinyi Sheng, which saw a net inflow of 9.56 billion yuan [2][3] - The second highest net inflow was for the company Hailu Heavy Industry, amounting to 6.89 billion yuan [2][3] - Other notable stocks with significant net inflows included Ningde Times, Yaguang Technology, and C South Network, each exceeding 5 billion yuan [2][3] Group 3: Sector-Specific Insights - The optical module industry is currently in a golden development period driven by AI computing power, with the focus shifting from demand to delivery capabilities [2] - The main challenges in the optical module production include capacity, yield, and certification, making delivery capability a key competitive factor [2] - The controlled nuclear fusion concept stock Hailu Heavy Industry saw a significant increase, indicating investor interest in emerging technologies [2] Group 4: Net Outflow Analysis - The media stock Liao Co. experienced the largest net outflow at 1.012 billion yuan, followed by Huasheng Tiancheng and BYD, each with outflows exceeding 500 million yuan [4][5] - A total of 130 stocks saw net outflows exceeding 1 billion yuan, with 15 stocks having outflows over 300 million yuan [5]

11月19日，A股三大指数早盘低开震荡，截至午间收盘，沪指跌0.04%，深证成指跌0.32%，创业板指涨0.12%。全市场半日成交额超1.1万亿元，较上一交 易日缩量超1700亿元，超4500只个股下跌。总体来看，A股资金更青睐蓝筹股，龙头股表现较稳，小盘股表现较弱。 | 代码 | 名称 | | 最新 | 涨幅 | | --- | --- | --- | --- | --- | | 399001 | 深证成指 | | 13038.33 | -0.32% | | 000001 | 上证指数 | | 3938.29 | -0.04% | | 399006 | 创业板指 | | 3072.79 | +0.12% | | 000016 | 上证50 | 1 | 3017.10 | +0.47% | | 000300 | 沪深300 | | 4577.77 | +0.21% | | 000688 | 科创20 | | 1343.15 | -1.09% | | 899050 | 北证50 | D | 1459.23 | -1.52% | 盘面上，水产板块再度走强，开创国际、中水渔业涨停；锂矿板块上涨，金圆股份涨停；燃气板 ...

Market Performance - The A-share major indices showed strength in early trading on November 19, with the ChiNext Index rising over 1% [1] - As of 10:49, the ChiNext 50 ETF (159949) increased by 1.59%, trading at 1.472 CNY, with a turnover rate of 2.98% and a transaction volume of 756 million CNY [1][2] Fund Flow - The ChiNext 50 ETF (159949) recently shifted from net outflow to net inflow, with a latest circulating scale of 25.183 billion CNY as of November 18, 2025 [1] - In the last 10 trading days, there was a net outflow of 547 million CNY, but the fund has seen net inflows for three consecutive days [1] Top Holdings - The top ten holdings of the ChiNext 50 ETF (159949) include leading companies such as CATL, Zhongji Xuchuang, Dongfang Caifu, and others [3] - Notably, stocks like Xinyisheng, Zhongji Xuchuang, and Tianfu Communication saw significant gains, with increases of 3.06%, 5.03%, and nearly 3% respectively [3] Industry Insights - Multiple brokerages have expressed positive views on the optical module sector, with Guosen Securities estimating that global shipments of 800G optical modules could reach 40 million units next year, and 1.6T modules may exceed 7 million units, indicating substantial market potential [4] - CITIC Securities also anticipates continued high growth in demand for 800G optical modules and significant increases in the shipment scale of 1.6T modules, with R&D for 3.2T modules already underway [5] Investment Recommendations - The ChiNext 50 ETF (159949) is highlighted as a convenient and efficient investment tool for investors looking to capitalize on the long-term growth of China's technology sector [5] - Experts recommend a dollar-cost averaging strategy or phased investment approach to mitigate short-term volatility risks, while closely monitoring the performance of index constituent stocks and relevant policy developments [5]

今日（11月19日）科技自主可控方向强势崛起，百分百布局新质生产力的硬科技宽基——双创龙头ETF （588330）震荡上扬，场内价格现涨1.36%。 细分方向来看，光模块三巨头强势上攻，中际旭创涨超5%，新易盛涨逾3%，天孚通信涨超2%；新能源 亦有亮眼表现，宁德时代涨超2%，亿纬锂能、阳光电源涨逾1%。 图：双创龙头 ETF 标的指数涨幅前 10 大成份股 | 序号 | 名称 | 液洗帽 ▼ | 两日图 | 申万一级行业 | 申万二级行业 | 申万三级行业 | 总市値 | 成交領 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 中后船倒 | 5.09% | Non | 通信 | 通信设备 | 通信网络设备及器件 | 55225 | 103.91亿 | | 2 | 新易签 | 3.31% | m | 通信 | 通信设备 | 通信网络设备及器件 | 3254Z | 59.6965 | | 3 | 宁德时代 | 2.82% | m- | 电力设备 | 电池 | 煙电池 | 18186亿 | 51.064Z | | 4 | 天孚通信 | ...