The concept of CPO is gaining strength, Zhongji Xuchuang's market value hits a new high, and the communication equipment index surges more than 5%.

On April 8, 2026, the CPO and computing power sectors led the gains. As of 13:25, the Communication Equipment Index (931160) surged strongly, up 5.70%. Cambridge Technology hit the 10cm daily limit, Changxin Bochuang rose by 10.74%, and Xinke Mobile rose by 10.58%. During the trading session, Mengtong Yuchuang rose by more than 7% and reached a new historical high.

In terms of news, Google has officially placed an order for 12 million NPO (near-packaged optical) optical module units, with a total scale of approximately RMB 12 billion to RMB 15 billion, exclusively for the construction of next-generation TPU v7/v8 supercomputing clusters. Compared with traditional CPO solutions, NPO reduces power consumption by about 50% and can reuse 70% of traditional optical module production lines. Its deployment speed is significantly faster than CPO, and Google regards it as a standard solution for AI computing clusters.

In addition, Amazon’s NPO orders are expected to reach 14 million units next year, and the industry’s momentum for optical modules is expected to continue through 2027.

Western Securities said that CPO is accelerating commercialization under the push of industry leaders and others. The industry is innovating across multiple technical routes such as LPO, NPO, and XPO. At present, it is in the early stage of industry acceleration; the next three years are a key observation window for the rapid increase in CPO industry penetration and for the gradual formation of supply-chain patterns and the allocation of value across the industry chain.

CITIC Securities pointed out that increasing investment in new infrastructure will directly drive demand for computing infrastructure such as servers, optical modules, and IDCs, and the computing power sector is expected to enter a super cycle in which both orders and performance surge.

So, if you want to share the benefits of the AI computing power boom, how should you choose a fund product? For the related products: Tianhong CSI All-Index Communication Equipment Index Fund ( A shares: 020899, C shares: 020900) tightly tracks the CSI All-Index Communication Equipment Index. The index selects securities of 50 listed companies whose businesses involve the communications equipment sector from the CSI All-Index Index as index constituents, in order to reflect the overall performance of listed company securities in this theme.

According to data from Galaxy, the Tianhong CSI All-Index Communication Equipment Index Fund (A shares: 020899, C shares: 020900) achieved a full-year return of 118.64% for the A share class, and the C share class’s return also reached 118.21%, ranking first among similar index funds in 2025. Therefore, under the AI computing power boom dividend, the Tianhong CSI All-Index Communication Equipment Index Fund has also become a high-quality investment target asset. (Data statistics period: 2025/1/1~2025/12/31; definition of peer ranking: standard thematic index equity funds; source of return data: product quarterly reports)

For those who are interested, search on channels such as Alipay, Tiantian Fund, and JD Finance for: Tianhong CSI All-Index Communication Equipment Index Fund (A shares: 020899, C shares: 020900), and you can find out more.

Risk warning: The views are for reference only and do not constitute investment advice. There are risks in the market, and investors should exercise caution. Before purchasing a fund, investors should read the fund prospectus and fund contract carefully. Investors should fully consider their risk tolerance based on factors such as their own investment objectives, investment horizon, and investment experience. After understanding the product information and the sales suitability opinions, investors should make rational judgments and make investment decisions prudently. Index funds involve tracking error. The above is only a list of index constituent stocks and is not a recommendation for any individual stock. The historical performance of the index does not constitute a forecast or guarantee of future returns of the fund product.

Note: The Tianhong CSI All-Index Communication Equipment Index Fund was established on 2024/04/15. Since its establishment, the product performance for full accounting years and the benchmark performance are as follows: A shares: 2024 19.79% (18.23%), C shares: 19.63% (18.23%