Group 1 - Nvidia and OpenAI have announced a milestone strategic cooperation, with OpenAI set to build and deploy at least 10 gigawatts of AI data centers equipped with millions of Nvidia GPUs for next-generation AI infrastructure [1] - Nvidia plans to invest up to $100 billion to support the deployment plans, including data centers and power capacity [1] - Following this news, the communication ETF (515880) surged over 4% at the open, leading the market with a year-to-date increase of over 105%, ranking first among A-share ETFs [1] Group 2 - Guosheng Securities noted significant volatility in the optical communication sector recently; however, large overseas AI computing orders and strong demand indicate that the fundamentals of the optical module industry remain solid [1] - The AI-driven computing expansion cycle is far from over, and the recent emotional market adjustments provide better investment opportunities for investors [1] - The communication ETF (515880) has nearly 50% exposure to optical modules, with "optical modules + servers + optical fibers + copper connections" accounting for over 75%, presenting a core engine for computing layout [1]

Group 1 - The core viewpoint of the article highlights the significant rise in the Communication ETF (515880), which surged by 7.6% with active trading, exceeding a transaction volume of 2.3 billion yuan [1] - Continuous capital inflow into the Communication ETF has been noted, with a net inflow of over 3.8 billion yuan in the last five days and over 5.3 billion yuan in the last ten days, bringing the current scale to over 11.4 billion yuan, ranking first among its peers [1] - The Communication ETF (515880) has a nearly 50% allocation in optical modules, and the combined allocation of "optical modules + servers + optical fibers + copper connections" exceeds 75%, indicating a strategic focus on core computing engines [1] Group 2 - Investors without stock accounts are encouraged to consider the Communication ETF linked funds (Link A: 007817; Link C: 007818) as an alternative investment option [1]

Core Viewpoint - The market is experiencing fluctuations, with the computing power sector leading the decline, particularly the communication ETF (515880), which fell over 7% with a trading volume exceeding 2 billion [1]. Group 1: Market Performance - The communication ETF (515880) has a significant exposure to optical modules, accounting for nearly 50% of its portfolio, and combined with servers, optical fibers, and copper connections, these components make up over 75% of the ETF [2]. - In the past five days, there has been a capital inflow of over 4 billion, bringing the current scale of the ETF to over 12 billion, making it the largest in its category [2]. Group 2: Investment Opportunities - According to CITIC Securities, the current penetration rate of AI users is still low, and the development of large models is in the early to mid-stages, indicating that the industrialization cycle has just begun. This suggests that investments in computing power driven by large models are on the rise, with capital expenditures expected to grow alongside revenue from these models [2]. - The computing power sector is viewed as a significant market trend, and investors are encouraged to explore related investment opportunities [2].

Group 1 - The communication ETF (515880) experienced a strong rebound after a period of volatility, currently up over 2% with a trading volume exceeding 2.2 billion yuan [1] - Following a decline, there was a net inflow of over 1.3 billion yuan yesterday, with total inflows exceeding 3.8 billion yuan over the past five days, bringing the current scale to over 11.5 billion yuan, ranking first among its peers [2] - The communication ETF has a nearly 50% allocation in optical modules, with "optical modules + servers + optical fibers + copper connections" accounting for over 75%, indicating a strategic focus on core computing engines [2]

Group 1 - The communication ETF (515880) experienced fluctuations but is currently up over 1.4%, with a trading volume of nearly 1.5 billion yuan [1] - There was a net inflow of over 1.3 billion yuan following a decline yesterday, with total inflows exceeding 3.8 billion yuan over the past five days, bringing the current scale to over 11.5 billion yuan, ranking first among similar funds [2] - Longcheng Securities indicates that the ongoing global AI wave is significantly increasing the demand for computing power, particularly for domestic models like DeepSeek, which will lead to sustained growth in domestic computing power demand [2] Group 2 - The communication ETF (515880) has nearly 50% allocation in optical modules, and the combined allocation of "optical modules + servers + optical fibers + copper connections" exceeds 75%, making it a key player in the computing power sector [2] - Investors without stock accounts can consider the communication ETF linked funds (Link A: 007817; Link C: 007818) [3]

Group 1 - The computing sector experienced a significant pullback, with the communication ETF (515880) dropping over 5% and current trading volume exceeding 2 billion [1] - Huaxi Securities indicated that AI in the overseas computing chain continues to show high growth and elevated guidance, while there is short-term volatility pressure due to chip turnover; domestic computing chains are seeing a rebound driven by local demand [1] - The communication ETF (515880) has over 75% allocation in "optical modules + servers + optical fibers + copper connections," making it a key player in the computing core engine, presenting potential investment opportunities for interested investors [1] Group 2 - Investors without stock accounts can consider the communication ETF linked funds (Link A: 007817; Link C: 007818) [2]

Group 1 - The core viewpoint is that the communication ETF (515880) has seen a strong increase driven by the computing power sector, with a year-to-date increase of 87.17%, making it the top-performing ETF in the A-share market [1] - As of the end of August, the communication ETF has experienced a net inflow of over 4.4 billion yuan in the last 20 days, with a current scale exceeding 9.5 billion yuan, ranking first among its peers [1] - Citic Securities highlights that Alibaba's latest financial report shows significant growth in capital expenditure and cloud business for Q2 2025, with AI-related product revenue achieving triple-digit growth for eight consecutive quarters [1] Group 2 - The ongoing investment in AI infrastructure by Alibaba indicates a steady progress in the self-controllable process of domestic AI chips, suggesting that domestic cloud vendors will return to a high growth trajectory driven by AI demand [1] - The communication ETF (515880) provides a one-click investment opportunity in the computing power sector, with over 70% of its portfolio allocated to "optical modules + servers + optical fibers + copper connections" [1]

Group 1 - The State Council has issued opinions on the implementation of the "Artificial Intelligence +" initiative, aiming for deep integration of AI with six key sectors by 2027, with over 70% penetration of new intelligent terminals and applications [1] - The AI computing power has surged, leading to a 5% increase in the communication ETF (515880), with net inflows exceeding 2 billion yuan in the last 10 days, bringing the total scale to over 6.8 billion yuan [1] Group 2 - The global AI arms race is accelerating, expanding the demand for AI infrastructure, with significant growth potential in the communication equipment supply chain [2] - The communication ETF's index includes over 70% representation from "optical modules, servers, copper connections, and optical fibers," indicating a strong fundamental basis for computing hardware [2] - Domestic AI models like DeepSeek are advancing, and geopolitical factors are expected to drive sustained growth in domestic computing power demand, enhancing the potential for self-sufficiency in computing infrastructure [2]

Group 1 - The AI computing power continues to decline, with the communication ETF (515880) dropping over 2%, while funds continue to see net inflows [1] - As of August 20, the communication ETF has seen a net inflow of nearly 1 billion yuan over the past four days and over 1.7 billion yuan in the last ten days, with a current scale exceeding 5.77 billion yuan [1] - The A-share market's optical module sector is experiencing significant growth, driven by factors such as Nvidia's GB200 shipments and higher-than-expected capital expenditures from overseas internet cloud companies [1] Group 2 - The optical module sector holds a core position in the global supply chain, primarily served by companies in mainland China for North American demand [1] - The optical module's share in the communication ETF's underlying index exceeds 40%, with servers and copper connections making up over 60%, indicating a strong focus on key segments in AI and communication indices [1] - There are potential investment opportunities in the related sectors as the overseas AI arms race accelerates, leading to substantial growth potential in the overseas communication equipment chain [1]

Core Viewpoint - The recent surge in the communication sector, particularly driven by the performance of the Communication ETF (515880), indicates a positive trend in the market, with significant gains in related stocks and a favorable outlook for the AI-driven computing industry [1][3]. Group 1: Market Performance - The Shanghai and Shenzhen markets are experiencing high-level fluctuations, with the ChiNext Index rising by 1.15% [1]. - The Communication ETF (515880) has seen an increase of nearly 2.89%, with key holdings like Ruijie Networks and Industrial Fulian approaching their daily limit [1]. Group 2: AI Catalysts - Nvidia's market capitalization reached a historic high of $3.92 trillion, surpassing Apple's previous record, which has positively impacted related stocks in the domestic supply chain [3]. - CoreWeave has deployed Nvidia's GB300NVL72 system, achieving a 50-fold increase in output compared to the previous generation [3]. Group 3: Company Performance - Century Internet has raised its revenue guidance from 9.1-9.3 billion yuan (10%-13% year-on-year growth) to 9.15-9.35 billion yuan (11%-13% year-on-year growth), driven by faster-than-expected entry of wholesale IDC customers and improved operational efficiency [3]. Group 4: Investment Opportunities - The AI training demand is resonating globally, suggesting an increase in the prosperity of related computing power sectors, including optical modules, copper connections, AIDC, and liquid cooling [3]. - The Communication ETF (515880) tracks the communication equipment index and has shown a performance increase of 8.52% since April 1, 2025, outperforming the 800 communication and 5G communication indices [4].