CPO概念股集體走強，創業板人工智能ETF升超3%
A股市場CPO概念股集體走強，其中，匯綠生態、劍橋科技、長飛光纖升停，聯特科技升超9%，中際旭創升超6%再創歷史新高，鋭捷網絡、天孚通信、曙光數創升超4%。
創業板人工智能ETF富國、創業板人工智能ETF華寶、創業板人工智能ETF南方、創業板人工智能ETF華夏、創業板人工智能ETF大成等升超3%。
創業板人工智能ETF華寶、創業板人工智能ETF南方、創業板人工智能ETF華夏、創業板人工智能ETF富國等標的指數一鍵佈局算力硬件+算力軟件+AI應用三件套，高效地捕捉AI主題行情，成份股以“光模塊”龍頭為先鋒，囊括AI基建、算力硬件、AIDC、雲計算、AI+應用等熱門AI賽道。
今年以來，創業板人工智能ETF華寶升幅超31%，最新規模18.75億元，位居同指數第一。
消息面上，英偉達股價再創新高。摩根士丹利將英偉達的目標價從170美元上調至200美元，維持“增持”評級。此外，有消息人士透露，英偉達上週向台積電新下了30萬顆H20人工智能(AI)芯片的訂單，以滿足中國市場不斷增長的需求。
開源證券認為，AI巨頭或進入AI算力和AI應用大規模投入期，海外巨頭資本開支加速釋放，AIAgent逐步完善，需高度重視AIDC算力產業鏈核心投資方向，重視各大細分板塊投資機會。
資金在加倉光模塊，25Q2公募基金重倉通信行業個股集中度明顯提升。
2025Q2基金重倉通信前十大個股持倉市值佔同期基金重倉通信行業市值規模的64.6%，環比+16.3pct，集中度提升。從通信前十大重倉個股的子板塊分佈來看，前十大分別為新易盛（佔比16.4%）、中際旭創（佔比13.4%）、滬電股份（佔比9.3%）、中國移動（佔比6.2%）、天孚通信（佔比4.4%）、瑞芯微（佔比3.3%）、中航光電（佔比3.2%）、晶晨股份（佔比2.9%）、中天科技（佔比2.8%）和深南電路（2.5%）。其中，新易盛、滬電股份佔比環比25Q1提升明顯，分別+8.5pct、+6.3pct。
從基金重倉通信個股持股市值規模增減配來看，公募基金繼續聚焦國內AI算力核心環節，尤其是光器件光模塊。25Q2基金重倉通信個股持股市值規模增配前五的個股為中際旭創、新易盛、滬電股份、天孚通信和源傑科技，分別增加139.90億元、128.93億元、84.55億元、29.11億元和16.49億元；減配前五的個股為電連技術、中興通訊、亨通光電、潤澤科技和光環新網，分別下降16.66億元、12.80億元、12.73億元、12.49億元和11.46億元。
陸股通持股市值規模較大的個股主要涉及工業互聯網、運營商和光器件光模塊。從陸股通配置通信行業個股的情況和增減倉情況來看，截至2025年7月24日，陸股通配置通信行業的持股市值達到913億元，持股市值規模較大的個股行業主要涉及光器件光模塊、運營商、工業互聯網、物聯網等；增配前五大主要分佈在光器件光模塊、通信元器件、運營商，減配前五大主要分佈在企業通信及辦公、IDC、温控設備、電源設備和物聯網。
國信證券認為，算力基礎設施高景氣度持續，國內AI有望加速發展。
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