Institutions set a target price of 1,400 yuan for Zhongji Innolight, and the ChiNext Artificial Intelligence ETF Huabao surged again on heavy volume.

On November 5, as of the midday close, the ChiNext Artificial Intelligence ETF Huabao rose 0.57%, with trading volume expanding to 745 million yuan. Recently, optical module maker Zhongji Innolight has once again become a favorite among some institutions. CMBI's latest research report set a target price of 1,400 yuan, implying 163% upside, while Huatai Securities gave a target price of 1,027 yuan, implying 93% upside. Huatai Securities said that as the construction of global AI computing infrastructure deepens, demand in the high-speed optical module market remains strong. According to data disclosed by Zhongji Innolight, major customer orders already cover all of 2027, and demand for next-generation optical interconnect products such as NPO and XPO will gradually be released in the second half of 2027. The industry will subsequently see more new technology solutions, higher bandwidth and richer product forms around single-wavelength 400G. Huatai Securities is optimistic that Zhongji Innolight, relying on its own R&D capabilities and competitiveness, will gain a higher market share in next-generation optical interconnect products. Information shows that half of the weight of the index tracked by the ChiNext Artificial Intelligence ETF Huabao is concentrated in the optical module CPO sector, while the other half covers domestic computing power and AI software application sectors, forming a balanced "hardware + applications" layout. To capture AI-themed opportunities across the board, pay attention to the market's first ChiNext Artificial Intelligence ETF Huabao and its off-exchange feeder fund.