On October 9, the GEM hashrate ETF Huaxia rebounded, falling 6% in the intraday period, down 1.18% by closing, with a full-day turnover of 302 million yuan. In terms of capital flow, net purchases of 405 million yuan in the past 5 trading days and net purchases of 722 million yuan in the past 10 days. Guosheng Securities said that the computing power boom has resonated a lot, the construction of a domestic policy-side computing power network is included in the scope of PSL support, and the “15th Five-Year Plan” plan is increasing artificial intelligence, etc., which resonates with the policy and industry. In terms of configuration, it is recommended to continue to focus on main lines such as the domestic storage industry chain and AI application chain. Northeast Securities believes that demand for AI computing power is driving the capital expenditure expansion of cloud vendors, and the high-speed optical module industry continues to rise. Supernode capacity expansion promotes the extension of optical connectivity to the near end of the chip. NPO deploys an independently packaged optical engine near the chip to reduce link loss while taking into account manufacturing yield and maintainability; CPO co-packages the optical engine with the chip to further improve bandwidth density and energy efficiency. Pluggable, NPO, and CPO are expected to coexist for a long time according to application requirements, driving value increases in optical engines, light sources, and high-density connectors. As 800G and 1.6T products accelerate release, industry growth is driven by demand expansion and product upgrades. GEM Computing Power ETF Huaxia closely tracks the GEM Computing Power Infrastructure Index. The index focuses on the AI computing power infrastructure industry chain, and is a convenient tool to lay out the core links of computing power hardware with one click.

On October 9, the GEM hashrate ETF Huaxia rebounded, falling 6% in the intraday period, down 1.18% by closing, with a full-day turnover of 302 million yuan. In terms of capital flow, net purchases of 405 million yuan in the past 5 trading days and net purchases of 722 million yuan in the past 10 days. Guosheng Securities said that the computing power boom has resonated a lot, the construction of a domestic policy-side computing power network is included in the scope of PSL support, and the “15th Five-Year Plan” plan is increasing artificial intelligence, etc., which resonates with the policy and industry. In terms of configuration, it is recommended to continue to focus on main lines such as the domestic storage industry chain and AI application chain. Northeast Securities believes that demand for AI computing power is driving the capital expenditure expansion of cloud vendors, and the high-speed optical module industry continues to rise. Supernode capacity expansion promotes the extension of optical connectivity to the near end of the chip. NPO deploys an independently packaged optical engine at the near end of the chip to reduce link loss while taking into account manufacturing yield and maintainability; CPO co-packages the optical engine with the chip to further improve bandwidth density and energy efficiency. Pluggable, NPO, and CPO are expected to coexist for a long time according to application requirements, driving value increases in optical engines, light sources, and high-density connectors. As 800G and 1.6T products accelerate release, industry growth is driven by demand expansion and product upgrades. GEM Computing Power ETF Huaxia closely tracks the GEM Computing Power Infrastructure Index. The index focuses on the AI computing power infrastructure industry chain, and is a convenient tool to lay out the core links of computing power hardware with one click.