Four major positive catalysts trigger explosive growth, "computing-electricity synergy" fires on all cylinders! Huabao Fund's ChiNext Artificial Intelligence ETF surges 3.7% with massive volume, Power ETF approaches previous highs!

How does AI and electricity collaboration policy promote a new wave of AI infrastructure?

Wednesday (March 25), computing power and electricity once again strengthen together!

In terms of computing power, CPO optical modules, IDC computing leasing and other sectors are highly active. Guanghua Networks’ stock touched the 20% daily limit, while companies like Chuangxin Data and Aofei Data rose over 7%. Tianfu Communication increased over 6%, Zhongji Xuchuang rose over 4%. The ChiNext AI ETF Huabao (159363), with the largest scale and liquidity, closed up 3.7%, surpassing all moving averages with a trading volume of over 700 million yuan!

Green energy stocks surged, with Guangdong Power A, Baoneng New Energy, Gansu Energy, Energy Saving Wind Power, Zhejiang New Energy hitting the daily limit. The electricity ETF Huabao (159146), which covers “wind, solar, water, fire, nuclear” full energy layout, rose 2.67% on high volume, approaching previous highs!

Analysis indicates that the current focus on computing power technology represented by CPO optical modules is benefiting from four major positives:

First, the geopolitical risk premium is easing, and risk appetite is recovering. Overnight news shows signs of easing in the Middle East situation, with risk-averse funds taking profits and shifting into more elastic tech growth stocks.

Second, token data is fueling demand expectations. The National Data Bureau disclosed that China’s daily token invocation exceeds 140 trillion, growing over a thousand times in two years. This data confirms a massive surge in AI inference demand, directly igniting infrastructure sectors like computing leasing and optical communications.

Third, technological breakthroughs and policy catalysts. China Information Science Group achieved a breakthrough in ultra-large capacity optical transmission technology at 2.5Pb/s; the policy proposal of “computing and electricity synergy” links computing power with electricity, increasing the certainty of tech infrastructure projects.

Fourth, performance validation and price increase expectations. Overseas optical module leader Lumentum announced capacity is sold out, providing micro-level validation of industry prosperity.

In the electricity sector, “computing and electricity synergy” receives further catalysts! Shenzhen-related documents point to building benchmark zero-carbon data centers with “photovoltaic/offshore wind + energy storage + green power direct connection,” supporting local consumption of computing demand and efficient green electricity use. From a medium- to long-term perspective, AI computing power explosion triggers “power shortage” anxiety, with global power shortages and geopolitical conflicts erupting, making computing and electricity collaboration a new growth driver.

Seize AI infrastructure opportunities, focusing on leading optical module stocks in the ChiNext AI ETF (159363) and off-market connections (Class A 023407, Class C 023408), which directly benefit from the explosive growth of AI commercialization. In terms of sectors, about 60% of the ChiNext AI ETF’s holdings are in computing power (optical modules/CPO leaders), and about 40% in AI applications—not only core “computing power” but also true “AI application” representatives.

Capitalize on AI energy opportunities, focusing on the Huabao Electric Power ETF (159146), which tracks the electric power utility sector, with a comprehensive layout of thermal, hydro, wind, nuclear, and photovoltaic power. It captures growth potential from renewable energy installations and benefits from high dividends and stable cash flows of traditional power giants, balancing “defensive core holdings + growth potential.” Note: Off-market connection fund (code: 026949) is actively being issued!

Data sources: Shanghai and Shenzhen stock exchanges, etc. As of February 28, 2026. The latest scale of the Huabao ChiNext AI ETF is 6.745 billion yuan, with an average daily trading volume of 885 million yuan over the past six months, ranking first among 26 ETFs tracking the ChiNext AI Index, Sci-Tech Innovation AI Index, and Sci-Tech Innovation Entrepreneurship AI Index.

ETF-related fee disclosures: Investors may be charged a commission of up to 0.5% when subscribing or redeeming fund shares. On-market trading fees are based on the actual charges of securities firms; no sales service fee is charged.

ChiNext AI ETF Huabao connection fund fee disclosures: The launch-type connection C of the ChiNext AI ETF does not charge subscription fees; redemption fee within 7 days is 1.5%, after 7 days (inclusive) is 0%; sales service fee is 0.3%. The launch-type connection A of the ChiNext AI ETF charges a subscription fee of 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.

Electric Power ETF Huabao connection fund fees: ① Subscription fee rate for amounts below 2 million yuan is 0.3%; above 2 million yuan, each transaction costs 1,000 yuan; ② Purchase fee rate for amounts below 2 million yuan is 0.3%; above 2 million yuan, each transaction costs 1,000 yuan; ③ Redemption fee: within 7 days, 1.5% for both individual and institutional investors; after 7 days (inclusive), individual investors pay no redemption fee; for 7-30 days, institutional investors pay 1%; for 30-180 days, 0.5%; beyond 180 days, no redemption fee; ④ No sales service fee.

Risk warning: The ChiNext AI ETF Huabao passively tracks the ChiNext AI Index, which was based on the date 2018.12.28 and published on 2024.7.11. The annual gains/losses of the ChiNext AI Index from 2021-2025 are: 17.57%, -34.52%, 47.83%, 38.44%, 106.35%. Component stocks are adjusted periodically according to the index rules; past backtest performance does not predict future results. The component stocks shown are for display only; descriptions of individual stocks 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 is assessed as 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 stocks, comments, forecasts, charts, indicators, theories, or any other statements) is for reference only; investors are responsible for their own investment decisions. Furthermore, any opinions, analysis, or forecasts in this article do not constitute investment advice and the author is not 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. Performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest cautiously.