November 6, 2025 - The three major A-share indices opened higher collectively. The ChinaAMC ChiNext 50 ETF (159367) rose 0.7%. Among its holdings, Jiangbolong surged over 5%, Zhongji Xuchuang gained over 3%, and New Essex rose over 2%.

GPU shipments have increased significantly, and demand for optical modules continues to improve. Regarding industry trends, NVIDIA pointed out at its recent GTC conference that its Blackwell and Rubin architecture GPUs are expected to contribute over $500 billion in revenue during the 2025-2026 period, with projected shipments reaching 20 million units, which is five times the revenue of the Hopper architecture from 2023-2025. As the ratio of Rubin platform GPUs to optical modules increases further, the high-end optical module industry chain is expected to benefit deeply.

Goldman Sachs noted that the upgrade cycle for optical module speeds from 800G to 1.6T, 3.2T, and 6.4T has shortened to 1-2 years, continuously driving ASP (Average Selling Price) increases and profit margin improvements. Simultaneously, the wave of "Optics Replacing Copper" is about to begin, with intra-rack interconnects migrating from copper cables to optical interconnects, expected to see large-scale application by 2027, opening up a new market worth hundreds of billions.

The ChiNext 50 Index selects the top 50 stocks by liquidity from the top 100 constituents of the ChiNext Index by market capitalization, representing large-cap companies on the ChiNext board. It精选 companies with relatively high market capitalization and good liquidity, and the index has strong growth potential. The index mainly covers industries such as batteries, securities, and communication equipment, primarily reflecting the "Three Creations (Innovation, Creation, Creativity) and Four New's (New Technologies, New Industries, New Business Formats, New Models)".

The ChinaAMC ChiNext 50 ETF (159367) has two core advantages: First, a 20% daily price fluctuation limit, providing stronger trading flexibility compared to traditional broad-based indices. Second, a management fee of 0.15% and a custody fee of 0.05%, placing it in the lowest fee tier among similar products, effectively reducing investment costs.