Opening lower and closing higher, rising against the market trend! Cloud service providers' price hike wave is coming, Huabao Fund ChiNext Artificial Intelligence ETF (159363) turns positive, Tongnniu Information hits 20CM daily limit up.

On the morning of the 19th, IDC computing power leasing concept stocks continued to be active, and the ChiNext artificial intelligence sector rose against the trend! Among them, Tongniu Information hit the 20CM limit-up, Dongfang Guoxin rose over 10%, and Runze Technology increased by more than 5%. Leading optical modules continued to climb, with Tianfu Communication and Xin Yisheng both rising over 3%.

In terms of popular ETFs, after a 5.6% surge the previous day, the largest-scale ChiNext AI ETF (159363) opened lower and then rose against the trend, with intraday gains exceeding 400 million yuan in real-time trading.

Demand for computing power continues to rise, and cloud providers are raising prices. Following Amazon, Google, and other cloud providers, Alibaba Cloud and Baidu Smart Cloud announced price hikes, with Alibaba Cloud’s AI computing, storage, and other products increasing by up to 34%, and Baidu Smart Cloud’s prices rising by about 30%. CICC Securities believes that the widespread adoption of AI applications may trigger increased inference demand. Coupled with Nvidia’s capacity constraints, rising hardware costs, and gaps in domestic substitution, the leasing market for computing power is entering a “seller’s market,” and price increases may continue.

Regarding the computing chain, such as CPO optical modules, Tianfeng Securities states that Rubin’s deployment is imminent, optical communication is accelerating its iteration, and the overseas computing industry chain remains highly prosperous. The financial reports of related companies continue to reflect strong AI-related demand. The fundamentals of core overseas industry chains like optical modules are resonating more strongly, and investment opportunities in the overseas computing industry chain remain promising, with particular attention to core optical module manufacturers.

Seize the opportunity of AI hot events by quickly deploying the ChiNext AI ETF (159363) and off-market connection funds (Class A 023407, Class C 023408), which directly benefit from the explosive growth of AI technology commercialization. In terms of sectors, about 60% of the ChiNext AI ETF’s holdings are in computing power (leading optical modules + IDC leaders), and about 40% are in AI applications. These are not only core “computing power” stocks but also true representatives of “AI applications.”

Data source: Shanghai and Shenzhen Stock Exchanges, etc.

ETF-related fee explanation: When investors subscribe or redeem fund shares, the agency handling subscriptions and redemptions may charge a commission of up to 0.5%. On-market trading fees are based on the actual charges by securities firms, with no sales service fee. Related costs for connection funds: The ChiNext AI ETF initiator-linked Class C does not charge a subscription fee; redemption fee within 7 days is 1.5%, after 7 days (inclusive) is 0%; sales service fee is 0.3%. For the ChiNext AI ETF initiator-linked Class A, subscription fees are 1% for amounts below 1 million yuan, 0.6% for 1-2 million yuan, and a flat 10,000 yuan for amounts above 2 million yuan; redemption fee within 7 days is 1.5%, after 7 days (inclusive) is 0%; no sales service fee.

*Institutional reference sources: CICC Securities “Pay attention to Tencent Cloud price hikes and investment opportunities”; Tianfeng Securities “GTC/OFC Conference Preview: Rubin deployment imminent, optical communication iteration accelerates.”

Risk reminder: The ChiNext AI ETF (Huabao) passively tracks the ChiNext AI Index, which is based on the date December 28, 2018, and was published on July 11, 2024. The annual gains and losses of the ChiNext AI Index from 2021 to 2025 are: 17.57%, -34.52%, 47.83%, 38.44%, 106.35%. The index components are adjusted periodically according to the index rules. Past performance does not predict future results. The index components shown are for display only; individual stock descriptions are not investment advice and do not reflect holdings or trading activity of any fund managed by the manager. The risk level of this fund, as assessed by the fund manager, is R4—medium-high risk, suitable for active investors (C4) and above. Suitability matching opinions are subject to the sales institution. Any information in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, or any form of statements) is for reference only. Investors are responsible for their own investment decisions. The views, analysis, and forecasts in this article do not constitute investment advice and do not hold the author or the fund manager responsible for any direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not guarantee future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Please invest cautiously.