7月15日，A股三大指数集体高开，CPO概念板块领涨市场。 中信证券表示，我们认为AI PCB具有增长逻辑/持续性强、业绩增速快、产业阶位跃升、AI关联稀缺等 特性，纵向对比5G周期、横向对比光模块，板块均有望获得估值溢价。随业绩增长持续性预期不断强 化，建议关注AI算力供应链敞口大，客户导入预期明确的头部公司，并关注随AI高ROE产值释放，PB 估值还有提升空间的公司。 华西证券指出，海外AI需求尤其是新增企业需求快速增长，Token量呈现加速增长态势，持续推动AI Capex保持高投入。中长期看AI应用仍处于极早期，作为算力集群拓展的基础组件，光模块行业仍然具 备高增长能力。建议关注高速光模块、液冷等算力产业链。其中光模块在业绩确定性前提下，海外算力 链拉动具备快速成长动能。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 相关ETF中，AI人工智能ETF（512930）截至发稿涨3.14%，成交额超7700万元。成分股中，新易盛涨 停、中际旭创涨超15%，科沃斯、光环新网、润泽科技、光迅科技等股涨幅居前。 AI人工智能ETF（512930）紧密跟踪中证 ...

Group 1 - The three major indices showed mixed performance on June 26, with the AI ETF (512930) reaching a peak increase of over 1% during the day, closing up 0.44% with a trading volume exceeding 60 million [1] - Notable stocks within the AI ETF included Zhongke Shuguang and Xinyi Sheng, both rising over 5%, while other companies like Stone Technology, Qi Anxin-U, and others also saw significant gains [1] - Nvidia's stock surged over 4%, reaching a new all-time high with a market capitalization of $3.77 trillion, making it the highest-valued company globally. Nvidia reported a 69% year-on-year revenue growth in its latest earnings report, with data center business increasing by 73% [1] Group 2 - The AI ETF (512930) closely tracks the CSI Artificial Intelligence Theme Index, which selects representative companies that provide foundational resources, technology, and application support for AI [2] - The Consumer Electronics ETF (561600) tracks the CSI Consumer Electronics Theme Index, selecting 50 listed companies involved in component production and brand design within the consumer electronics sector [2] - Guojin Securities emphasizes the importance of focusing on the semiconductor self-control industry, core hardware for computing power, the Apple supply chain, and AI-driven industry chains, highlighting opportunities in AI smart glasses and related components [2]

Group 1 - A-shares indices opened high and rose, with AI ETF (512930) increasing by 1.57% and trading volume exceeding 24 million yuan [1] - Key stocks in AI ETF include XinYiSheng, QianFang Technology, ZhongJi XuChuang, SiWei TuXin, and ChipOn [1] - AI ETF closely tracks the CSI Artificial Intelligence Theme Index, with Cambricon Technologies as the largest constituent [1] Group 2 - Nvidia reported Q1 FY2026 earnings with a 69% year-over-year revenue increase to $44.1 billion, surpassing market expectations [2] - Net profit was $18.775 billion, slightly below market expectations of $20.767 billion, with adjusted EPS at $0.96, above the expected $0.93 [2] - GuoXin Securities highlights a recovery in tech sentiment, focusing on semiconductor autonomy and edge SoC innovation, anticipating a valuation expansion in the electronics sector by 2025 [2]

Group 1 - A-shares in the consumer electronics and computing power sectors opened higher due to a more favorable international environment, with notable gains in stocks like SanHuan Group and Shengyi Technology [1] - The Consumer Electronics ETF (561600) experienced a net inflow of over 11 million yuan, indicating strong investor interest [2] - The AI-related ETF (512930) also saw significant net inflows, totaling over 33 million yuan in the last five trading days, reflecting a growing demand for AI investments [2] Group 2 - Apple is reportedly planning to launch its first foldable iPhone in the second half of 2026, which could benefit its supply chain partners [2] - Major cloud service providers, including Microsoft and Meta, reported better-than-expected earnings, highlighting sustained demand for computing power [3] - Microsoft’s Q3 FY2025 revenue reached $70.066 billion, a 12% year-over-year increase, while Meta's Q1 revenue was $42.3 billion, a 16% increase [3] Group 3 - Concerns about a slowdown in overseas data center construction have been alleviated by recent earnings reports from major cloud companies, confirming ongoing investment in computing power [4] - The demand for 800G optical modules remains strong, supporting the growth of leading companies in the sector [4] - The AI industry continues to thrive, driven by a positive cycle of capital expenditure expansion, commercialization, and performance realization [4]