On Friday, March 13, the IDC computing power leasing concept led the decline in the AI sector, with the ChiNext Artificial Intelligence index remaining weak throughout the day and recording a third consecutive daily loss. Hand Information fell over 10%, while Ofdate, Capital Online, Eastcompeace, and Glodon all dropped more than 7%. However, the CPO optical module leader bucked the trend, with Eoptolink Technology surging 4% against the market and Zhongji Innolight rising over 1%.

Among popular ETFs, the ChiNext Artificial Intelligence ETF, which is heavily weighted in optical module leaders, closed down 1.84% for a third straight negative session. Despite a decline in trading volume, with a turnover of 462 million yuan, funds flowed in to acquire 52 million shares.

In company news, optical module leader Eoptolink Technology announced two significant developments: first, it launched the industry's first optical module equipped with Broadcom's fully functional 448G DSP; second, it introduced the industry's pioneering 12.8T XPO module. This next-generation pluggable optical module is specifically designed to support AI data center architecture, covering scale-up, scale-out, and metro interconnect applications.

Guosheng Securities pointed out that Broadcom, leveraging its advantages in the networking field, is becoming an XPU partner for numerous supercomputing clients. In the era dominated by CSP capital expenditures, the open, disaggregated architecture represented by ASIC/XPU and Ethernet will continue to thrive amid the explosion in AI inference demand. The open CSP camp will engage in long-term competition with NVIDIA, while network equipment suppliers like Eoptolink Technology will benefit from the growing interconnection demands of both sides.

Looking ahead, the NVIDIA GTC conference, hailed as the "Spring Festival Gala for AI," is scheduled to commence on March 16. As a global bellwether for AI computing power, Jensen Huang's keynote speech not only outlines technological roadmaps but also acts as a catalyst for AI market trends. Reviewing past conferences, from the inception of the AI era in 2023 to the successive surges in optical modules, liquid cooling, and CPO in 2024-2025, each technological iteration has spawned structural opportunities. Which sectors are poised to be ignited at this conference?

Guosheng Securities believes the upcoming GTC conference is expected to showcase the core GPU technologies of NVIDIA's Rubin and Feynman architectures, alongside disruptive upgrades in computing power infrastructure such as CPO optical interconnects, 800V high-voltage power supply, and liquid cooling. As the event approaches, the computing power hardware sector has already begun warming up. In the long term, the technological pathways and commercialization pace of the industry chain will become clearer, warranting continued attention on computing power leaders like optical modules.

To capitalize on AI hotspot events, investors can consider the ChiNext Artificial Intelligence ETF and its corresponding feeder funds for a one-click allocation to "computing power + AI applications," directly benefiting from the growth dividends of the AI technology commercialization boom. From a sector perspective, the ETF allocates approximately 60% of its portfolio to computing power and about 40% to AI applications, making it not only a core "computing power" play but also a genuine representative of "AI applications."

Data source: Shanghai and Shenzhen Stock Exchanges, etc.

ETF fee explanation: When subscribing for or redeeming fund shares, subscription and redemption agents may charge a commission of up to 0.5%. On-market trading fees are subject to the rates charged by securities firms, with no sales service fee levied. Feeder fund fee explanation: The ChiNext Artificial Intelligence ETF Feeder Fund Class C charges no subscription fee; a redemption fee of 1.5% applies within 7 days, and 0% for 7 days or more; a sales service fee of 0.3% is charged. The Class A feeder fund charges a subscription fee of 1% for amounts below 1 million yuan, 0.6% for 1-2 million yuan, and a flat 1,000 yuan per transaction for 2 million yuan or more; redemption fees are 1.5% within 7 days and 0% for 7 days or more; no sales service fee is charged.

*Institutional views referenced from: Guosheng Securities reports.

Risk Disclosure: The ChiNext Artificial Intelligence ETF tracks the ChiNext Artificial Intelligence Index. The index's base date is December 28, 2018, and its release date is July 11, 2024. The index's annual performance from 2021 to 2025 was +17.57%, -34.52%, +47.83%, +38.44%, and +106.35%, respectively. Index constituent stocks are adjusted according to the index methodology, and past performance does not indicate future results. Constituent stocks mentioned are for illustrative purposes only and do not constitute investment advice or represent the holdings or trading动向 of the fund manager. The fund manager assesses this fund's risk level as R4 (Medium-High Risk), suitable for Aggressive (C4) and above investors. Suitability matching opinions are subject to the sales institution. Any information presented is for reference only, and investors are responsible for their own investment decisions. The views, analysis, and forecasts herein do not constitute investment advice, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks; past performance is not indicative of future results. The performance of other funds managed by the fund manager does not guarantee this fund's performance. Invest with caution.

The MACD golden cross signal has formed, and these stocks are performing well.