---
title: "The computing power hardware has exploded, with \"light\" reaching 159,363, approaching previous highs, and PCB igniting the electronics sector! Hong Kong stock AI giants surged, and Hwabao CSI HK Equities Internet ETF rose over 4% again!"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288400932.md"
description: "On June 2nd, the A-shares rebounded with fluctuations, and the computing hardware industry chain made a strong return catalyzed by NVIDIA, with optical module CPO and PCB concepts leading the gains. Several ETFs under Hwabao Fund performed well: the ChiNext Artificial Intelligence ETF (159363) rose 3.69%, approaching its previous high, while the electronic ETF and others rose over 3%. The Hong Kong stock internet sector continued its rebound, with Tencent Holdings soaring 10.46%, and the Hong Kong internet ETF (513770) rising 4.43%. Shenwan Hongyuan outlooks the market, believing that the large wave pattern remains unchanged, and suggests continuing to pay attention to AI industry chain and strategic resource opportunities"
datetime: "2026-06-02T09:50:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288400932.md)
  - [en](https://longbridge.com/en/news/288400932.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288400932.md)
generator: "portal-rs"
---

# The computing power hardware has exploded, with "light" reaching 159,363, approaching previous highs, and PCB igniting the electronics sector! Hong Kong stock AI giants surged, and Hwabao CSI HK Equities Internet ETF rose over 4% again!

On Tuesday (June 2), **the A-share market rebounded with fluctuations**, with the Shenzhen Component Index rising over 1% and the ChiNext Index rising over 2%, while the two markets saw a slight decrease in trading volume to CNY 2.77 trillion. With intensive actions from Nvidia catalyzing, **the computing hardware industry chain returned to strength**, with optical modules leading the way, PCB concepts fluctuating upward, and semiconductor chips rebounding.

**The optical module CPO content exceeds 50%** and **the "Yi Zhongtian" content is high** in the **ChiNext Artificial Intelligence ETF Hwabao (159363), which surged 3.69% on increased volume, approaching previous highs**; the leading broad-based index for innovation and entrepreneurship—**Innovation and Entrepreneurship 50 ETF Hwabao (588330)**, the technology leader focusing on the TMT track—**Technology ETF Hwabao (515000)**, and the core leader in the electronics sector—**Electronics ETF Hwabao (515260)** all rose over 3% in the market.

The Hong Kong stock market continued to rebound, with the internet sector making further advances, **Tencent Holdings surged 10%**, focusing on **the core AI tools in Hong Kong stocks**, and the **Hong Kong Internet ETF Hwabao (513770)**, heavily invested in internet leaders, rose another 4.43%! In addition, the Hong Kong stock market's chip and hard technology sectors gained momentum, with the **Hong Kong Stock Connect Information Technology ETF Hwabao (159131)** rising 2.11%, setting a new closing high!

Looking ahead, Shenwan Hongyuan stated that **the longer the accumulation phase lasts, the more positive factors will be reflected in the major market trends**, which may include: further progress in new economic industry trends, cyclical improvements in the economy, and changes in relative national strengths. The pattern of not fearing to wait for major market trends remains unchanged, and the accumulation can break through again. In the medium term, **the main asset line of this round of rising market remains unchanged, continuing to focus on opportunities in the AI industry chain and strategic resource allocation.**

**【ETF All You Need to Know Hotspot Review】Focus on discussing the trading and fundamentals of themes in the Hong Kong internet, ChiNext artificial intelligence, and electronics industries.**

**1\. WeChat AI Agent is here, Tencent Holdings surged 10%, creating the largest single-day increase in nearly 5 years! The Hong Kong Internet ETF Hwabao (513770) rose another 4.43% with consecutive gains on the right side.**

Hong Kong internet leaders rebounded across the board, **Tencent Holdings surged 10.46%, setting the record for the highest single-day increase since January 25, 2021! Meituan-W rose over 9%, Alibaba-W rose over 6%**, Kuaishou-W rose over 5%, and Xiaomi Group-W rose over 3% 
Focusing on Hong Kong stocks' core AI tools, the **Hong Kong Internet ETF Hwabao (513770)**, which heavily invests in leading internet companies, saw a **significant increase of over 3% the previous day**, and today its market price **rose another 4.43%**, with a total trading volume of 1.292 billion yuan, further increasing compared to the previous period. From the daily K-line perspective, since hitting a new low on May 28, 513770 has **increased for 3 consecutive days**, possibly welcoming a **repair turning point**.

From a market-driving perspective, on one hand, there are positive news incentives from the two major heavyweight leaders, Tencent Holdings and Meituan-W.

According to media reports, **Tencent is advancing plans to launch embedded AI agents in WeChat**, with the compliance approval process for public launch expected to start as early as this month. Tencent stated in a recent earnings conference call that, "In addition to basic models, **AI agents are increasingly becoming breakthrough application scenarios**." Analysts believe that as a super app with 1.4 billion users, this move could reshape the competitive landscape of domestic AI applications.

Additionally, Meituan released its Q1 2026 report on June 1, showing a core local business operating loss of 2 billion yuan, significantly **reducing losses from 10 billion yuan in the previous quarter**, which may indicate that the **intense subsidy competition in the takeaway industry is nearing its end**. Meituan also stated that its AI Agent "Xiao Mei" will soon collaborate with Tencent's Yuanbao to provide users with one-stop local life service transactions.

On the other hand, as **"AI disruption software" has been strongly disproven by performance**, the recent surge in overseas technology is spreading from AI hardware **to application software segments**. The Hong Kong internet sector heavily invests in platform-based internet leaders and AI application companies across various fields, which have already experienced deep corrections, indicating a clear **demand for rebound**.

Data shows that as of now, the CSI Hong Kong Stock Connect Internet Index has fallen over 34% since the correction began on October 3, 2025, and the current **price-to-earnings ratio (PE) (TTM)** is only at the bottom range of the **5.34% percentile over the past 10 years**, highlighting its cost-effectiveness. (Note: The annual returns of the CSI Hong Kong Stock Connect Internet Index over the past 5 complete years are: 2021, -36.61%; 2022, -23.01%; 2023, -24.74%; 2024, 23.04%; 2025, 27.02%) The composition of the index constituents is adjusted in a timely manner according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index.

Guoyuan International pointed out that the future competition in AI will **shift towards systematic ecological construction**, with an ecosystem that has efficient operational infrastructure **(AI platforms)**, a continuous influx of population **(users)**, and a thriving cultural atmosphere that encourages innovation **(developer community)**, which can bring companies a cliff-like competitive advantage and long-term stable business returns. Leading platform-based internet companies have a natural advantage in building AI ecosystems, and Guoyuan International expects that there will be multiple rounds of market opportunities in the **infrastructure sector, AI Agents, and AI platforms**.

**Focus on the value reassessment of Hong Kong internet leaders under the AI transformation**. The Hong Kong internet ETF Hwabao (513770) and its linked funds (Class A 017125; Class C 017126) passively track the CSI Hong Kong Stock Connect Internet Index, with the top ten weighted stocks gathering **technology giants such as Alibaba-W, Tencent Holdings, and various AI application companies**, showcasing **significant leading advantages**, with **T+0** trading and good liquidity.

**Optimistic about Hong Kong tech but want to reduce volatility?** You can also pay attention to the **first in the entire market — Hong Kong Large Cap 30 ETF Hwabao (520560)**, which carries a “technology + dividend” dumbbell strategy, with heavy holdings in both **Alibaba** and other high-elasticity tech stocks, as well as banks, insurance, and other **stable high-dividend** stocks, making it an ideal foundational tool for long-term allocation in Hong Kong stocks.

**2\. "Light" speed takeoff! New Yisheng hits a new high, the ChiNext Artificial Intelligence ETF Hwabao (159363) surged 3.69%! NVIDIA ignites a new cycle**

Computing power hardware has exploded, with **optical module CPOs rising across the board**, and the ChiNext Artificial Intelligence sector surged over 3.5%, leading the AI track. Among them, Guangku Technology rose nearly 15% to a new high, **New Yisheng surged 9.88% to a new high, and Tianfu Communication and Zhongji Xuchuang both rose over 5%.**

In terms of popular ETFs, the **ChiNext Artificial Intelligence ETF Hwabao (159363)**, which has over 50% optical module CPO content and high **“Yizhongtian” content**, closed up 3.69%, approaching its previous high, with a trading volume exceeding 1.4 billion yuan, leading the entire market in both **daily increase and trading volume among AI-themed ETFs.**

 In terms of news, **NVIDIA ignites a new cycle of computing power!** Jensen Huang announced in his latest GTC speech that **NVIDIA's next-generation platform Vera Rubin has been fully put into production.** From the perspective of optical communication, the essence of the Vera Rubin rack-level system is to integrate larger-scale computing power within a single cabinet, **accompanied by a dual increase in the number of GPUs per rack and the communication bandwidth of each card, the interconnection rate of optical interconnect devices is expected to further improve.**

On the demand side, the continuous expansion of computing interconnection demand is driving the widening demand for optical modules, thereby promoting the prosperity of the entire industry chain, and this extreme pursuit of total bandwidth **is expected to accelerate the industrialization deployment process of 1.6T optical modules.** In terms of technological trends, benefiting from the demand for low power consumption, **the demand for CPO is significantly catalyzed in rack-level systems, and the supply chain preparation for large-scale CPO is continuously progressing.**

From the perspective of industry implementation, **some leading manufacturers have taken the lead in releasing positive signals.** On June 1, NewEase stated that the company expects the overall situation to gradually improve in Q2-Q4 of 2027, **with a significant increase in orders for 1.6T optical module products compared to last year, and a rapid growth trend expected this year, with 1.6T and 800G being the main products delivered this year.** There has been sufficient layout in the optical circuit switch (OCS) field, and mass supply demand is expected in the second half of next year or in 2028.

Guosheng Securities stated that **the long-term evolution logic of the computing power sector has not changed,** and as time enters June, the demand expectations for optical modules in 2027 are accelerating to become clearer, while the upstream core component shortage that previously constrained delivery is gradually approaching an improvement inflection point. The production capacity and performance elasticity of leading optical module manufacturers are expected to accelerate release, **suggesting to "return to large optics" and focus on leading optical module manufacturers.**

**One-click layout for optical modules + AI application opportunities**, it is recommended to focus on the largest scale and most liquid **Hwabao WP SZSE ChiNext Artificial Intelligence ETF (159363)** and off-market connections (Class A 023407, Class C 023408), with the latest **optical module content exceeding 50%**, and **high "Yi Zhongtian" content**, with about **30% of the position allocated to AI applications, representing not only the core of computing power but also AI application representatives.**

It is worth noting that as of May 29, 2026, the **Hwabao WP SZSE ChiNext Artificial Intelligence ETF (159363)** has reached a latest scale of **7.426 billion yuan**, ranking first in the entire market's dual innovation AI track! In the last 6 months, the average daily trading volume exceeded 800 million yuan, **ranking first in the entire market's AI track.**

**3\. High-end components are in short supply! MLCC price increase signals strengthen PCB prosperity expectations! Dongshan Precision hits the limit! Hwabao Fund Electronic ETF (515260) surges 3.14% on increased volume.** **Electronic Sector** saw a net inflow of **38.313 billion yuan** from **main funds** throughout the day, ranking first among 31 Shenwan primary industries in terms of capital absorption. **Industrial Fulian** and **Dongshan Precision** received net inflows of 3.811 billion yuan and 3.749 billion yuan respectively, ranking second and third on the **A-share capital absorption list**.

In terms of popular ETFs, the **Electronic ETF Hwabao (515260)**, which focuses on core leaders in the electronic sector, saw an intra-day increase of **up to 4.26%**, closing up 3.14%, with a total transaction volume of 93.42 million yuan, a 43% increase compared to the previous period. Data from the Shanghai Stock Exchange shows that this ETF has accumulated **2.24 billion yuan** in capital absorption over the last 10 trading days.

Regarding constituent stocks, **PCB leader** Dongshan Precision **hit the daily limit**, **consumer electronics leader** Industrial Fulian rose over 8%, **MLCC concept stock** Sanhui Group increased by more than 7%, **semiconductor leader** Cambrian rose over 5%, and **fruit chain leader** Luxshare Precision increased by more than 4%.

On the news front, the demand for AI computing power has exploded, leading to a shortage of **high-end components**. The **MLCC loading capacity** in AI servers has increased by more than **three times** compared to ordinary servers, with **NVIDIA** high-end servers using about 600,000 units each, resulting in a continuous global shortage of high-end MLCCs. Global giants like Murata and TDK are **planning to raise MLCC prices, with increases of up to 20%**, and domestic manufacturers are following suit, marking the beginning of a price increase cycle in the industry, with profit margins continuing to expand. Industry insiders indicate that the rise in MLCC prices signals to the market that "AI demand is strong, and the upgrade of computing hardware is accelerating," reinforcing PCB prosperity expectations.

In the consumer electronics sector, **Apple's 2026 Worldwide Developers Conference (WWDC2026)** will officially kick off at 9:00 AM Beijing time on June 9, and this conference is seen as a key "showdown" for Apple in the AI field. Data shows that the index of the Electronic ETF Hwabao (515260) **covers popular technology concepts**, with weights for **Apple, NVIDIA, and Google's industrial chain** at 49.34%, 28.50%, and 23.85% respectively, **deeply binding the growth and development of global technology leaders, likely benefiting from the expansion of technology giants and technological innovation**.

Industrial Securities believes that at this current time point, the demand for computing power continues to rise, with gaps in storage, PCB, CPU, and switching chips continuously expanding, showing a **dual increase in volume and price** across many segments. Therefore, upstream capital expenditures are also beginning to accelerate, especially in storage and AI chips, with **demand and localization resonating simultaneously**, and orders for semiconductor equipment, materials, and components driven by capital expenditures **are expected to experience explosive growth** \*

Looking ahead, CITIC Securities is optimistic that **"price increases + AI + self-control"** is expected to become a **strong main line throughout the year for the electronics sector**. The **prosperity of the electronics industry is expected to continue,** with **AI remaining the biggest driving force**. **Firmly optimistic about the overall future market of the electronics sector**.\*

**【Embrace Tech Giants, Seize Development Opportunities】**

**The electronic ETF Hwabao (515260) and its linked funds (Class A: 012550/Class C: 012551)** passively track the electronic 50 index, heavily investing in the **semiconductor and consumer electronics** industries, gathering popular sectors such as **AI chips, automotive electronics, 5G, and printed circuit boards (PCB)**. The weighted stocks include Luxshare Precision, Cambricon, Industrial Fulian, and SMIC. At the same time, this ETF is a **margin trading + interconnection** target, serving as an efficient tool for one-click allocation of **core assets in the electronics sector**.

Note: For fee details, please refer to the legal documents of each fund.

Reminder: Recent market fluctuations may be significant, and short-term price movements do not indicate future performance. Investors must rationally invest based on their own financial situation and risk tolerance, paying close attention to position and risk management.

\\\* Institutional viewpoints reference materials: Shenwan Hongyuan "Powering Up for Another Breakthrough"; Guoyuan International 20260601 "AI Industry Chain Analysis, Who Will Laugh Last in the Camp Differentiation"; Guosheng Securities "Crossing Volatility, Chasing Light and Electricity"; Industrial Securities' May 9 report "Electronic Industry Mid-term Strategy 2026: Focus on AI Bottleneck Links, Domestic Semiconductor Equipment Orders Welcoming Explosion"; CITIC Securities' May 7 report "Electronic Industry Q1 2026 Summary: Strong AI Demand, Accelerated Domestic Substitution, Price Increase Trend Spreading."

Risk Warning: The ChiNext Artificial Intelligence ETF Hwabao passively tracks the ChiNext Artificial Intelligence Index, with a base date of December 28, 2018, and a release date of July 11, 2024; the Hong Kong Internet ETF Hwabao passively tracks the CSI Hong Kong Equities Internet Index, with a base date of December 30, 2016, and released on January 11, 2021; the electronic ETF Hwabao passively tracks the CSI Electronic 50 Index, with a base date of December 31, 2008, and released on July 22, 2009. **The composition of the index constituents is adjusted in accordance with the index compilation rules, and its historical back-tested performance does not indicate future performance of the index.** The individual stocks mentioned in the text are only an objective display of index constituents and do not serve as recommendations for any individual stocks, nor do they represent the fund manager's and fund's investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors must be responsible for any investment decisions made independently In addition, any opinions, analyses, and forecasts in this article do not constitute any form of investment advice to the reader, nor does it bear any responsibility for any direct or indirect losses arising from the use of the content of this article. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Information Summary," and other legal documents of the fund to understand the risk-return characteristics of the fund and choose products that match their own risk tolerance. **The past performance of the fund does not indicate its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance.** According to the assessment by the fund manager, the risk level of the Technology ETF Hwabao and the Electronics ETF Hwabao is R3 - medium risk, suitable for balanced (C3) and above investors. The risk levels of the Innovation 50 ETF Hwabao, ChiNext Artificial Intelligence ETF Hwabao, Hong Kong Internet ETF Hwabao, Hong Kong Stock Connect Information Technology ETF Hwabao, and Hong Kong Large Cap 30 ETF Hwabao are R4 - medium-high risk, suitable for aggressive (C4) and above investors. The suitability matching opinions should be based on the sales institution. Sales institutions (including direct sales institutions of the fund manager and other sales institutions) conduct risk assessments of the above funds in accordance with relevant laws and regulations. Investors should pay attention to the suitability opinions issued by the fund manager in a timely manner. The opinions on suitability from various sales institutions may not necessarily be consistent, and the risk level evaluation results of fund products issued by fund sales institutions must not be lower than the risk level evaluation results made by the fund manager. There may be differences in the fund's risk-return characteristics and risk levels in the fund contract due to different considerations. Investors should understand the risk-return situation of the fund and carefully choose fund products based on their investment objectives, time horizon, investment experience, and risk tolerance, and bear the risks themselves. The registration of the above funds by the China Securities Regulatory Commission does not indicate any substantive judgment or guarantee regarding the investment value, market prospects, and returns of this fund. Fund investment must be cautious

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**