On September 23, the GEM artificial intelligence ETF Huabao was active. As of press release, it was down 0.77%, with a turnover of 474 million yuan. In terms of capital flow, a net subscription of 23.45 million yuan was obtained yesterday, with the latest scale of 7.3 billion yuan. According to the news, Goldman Sachs recently drastically raised the demand forecast for 800G and above high-speed optical modules in 2027 and 2028, with increases of 39% and 36%, respectively. Huawei released the world's first supernode using NPO technology, the Shengteng 960 supernode. It is the first mass-produced NPO product in the industry and the only NPO product with a built-in light source. Guosheng Securities pointed out that with the implementation of the Federal Reserve's interest rate hike and the macroeconomic suppression factors being phased out, the optical communications industry's own boom logic will once again dominate pricing. Overall market sentiment is improving. Combined with the Q3 Daguang performance, it is expected that Daguang's performance will continue to expand, and Daguang buying points will gradually arrive. Huachuang Securities said that the NPO encapsulates the optical engine close to the main chip, which is expected to further increase the value weight of the optical engine, switching chip, and liquid cooling. Huawei has proposed the establishment of NPO standards to the OIF to accelerate the improvement of the industrial ecosystem. According to data, half of the weight of the GEM Artificial Intelligence ETF Huabao Tracking Index is concentrated in the optical module CPO sector, while the other half covers domestic computing power and AI software application fields, forming a balanced layout of “hardware+application”. Seize AI-themed opportunities in all aspects and focus on Huabao, the first GEM artificial intelligence ETF in the market, and OTC connectivity.

On September 23, the GEM artificial intelligence ETF Huabao was active. As of press release, it was down 0.77%, with a turnover of 474 million yuan. In terms of capital flow, a net subscription of 23.45 million yuan was obtained yesterday, with the latest scale of 7.3 billion yuan. According to the news, Goldman Sachs recently drastically raised the demand forecast for 800G and above high-speed optical modules in 2027 and 2028, with increases of 39% and 36%, respectively. Huawei released the world's first supernode using NPO technology, the Shengteng 960 supernode. It is the first mass-produced NPO product in the industry and the only NPO product with a built-in light source. Guosheng Securities pointed out that with the implementation of the Federal Reserve's interest rate hike and the macroeconomic suppression factors being phased out, the optical communications industry's own boom logic will once again dominate pricing. Overall market sentiment is improving. Combined with the Q3 Daguang performance, it is expected that Daguang's performance will continue to expand, and Daguang buying points will gradually arrive. Huachuang Securities said that the NPO encapsulates the optical engine close to the main chip, which is expected to further increase the value weight of the optical engine, switching chip, and liquid cooling. Huawei has proposed the establishment of NPO standards to the OIF to accelerate the improvement of the industrial ecosystem. According to data, half of the weight of the GEM Artificial Intelligence ETF Huabao Tracking Index is concentrated in the optical module CPO sector, while the other half covers domestic computing power and AI software application fields, forming a balanced layout of “hardware+application”. Seize AI-themed opportunities in all aspects and focus on Huabao, the first GEM artificial intelligence ETF in the market, and OTC connectivity.