On May 26, technology leaders demonstrated sustained strength. Huabao Fund's Tech Pioneer ETF (515000), China's first such fund, turned positive in the afternoon, rising over 1% to set a new historical high. Among its constituent stocks, the PCB (Printed Circuit Board) sector witnessed a surge of limit-up gains. Shengyi Electronics surged by the 20% daily limit, while Shengyi Technology also hit the limit-up. Panel leader BOE A secured a limit-up, marking its third limit-up in four trading days. The optical module segment remained active against the broader market trend, with New Easun surging over 6% to reach a new high.
Regarding the PCB sector, Morgan Stanley's analysis of the bill of materials for Nvidia's next-generation Rubin rack indicates that PCBs have become the most significantly increased value downstream component, soaring 233% compared to the previous GB300 rack—from approximately $35,000 to about $117,000. In the optical module sector, capital expenditures from overseas CSP (Cloud Service Provider) manufacturers continue to grow at a high rate, coupled with the accelerated implementation of AI commercial closed loops and the rapid expansion of leading AI companies' operations, which collectively reinforce investment confidence in the computing power sector.
Looking ahead to market allocation, China Securities Co., Ltd. suggests that the short-term market is likely to maintain a technology-led, structurally rotational pattern. Main themes such as semiconductors and computing hardware continue to receive funding support. However, in a diverging market, non-core sectors may struggle to find systematic opportunities. Operationally, it is advisable to focus on core hard technology tracks.
For diversified exposure to leaders in electronics, communications, computers, and biotechnology, consider Huabao's Tech ETF (Ticker: 515000; Link A: 007873; Link C: 007874). This ETF tracks the CSI Technology Leaders Index, which selects 50 listed companies from the technology sectors—including electronics, computers, communications, and biotech—on the Shanghai and Shenzhen markets based on criteria such as scale, market share, growth potential, and R&D investment. It represents the core technology assets in the A-share market, offering a more balanced risk-return profile compared to single-sector technology products.
Data source: Shanghai and Shenzhen Stock Exchanges, etc. Note: "China's first" refers to the first ETF tracking the CSI Technology Leaders Index.
ETF fee description: When subscribing for or redeeming fund units, subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to the actual charges by securities firms, with no sales service fee levied.
Link fund fee description: For Huabao Tech ETF Link A, the subscription fee is 1.00% for amounts below RMB 1 million, 0.60% for RMB 1 million (inclusive) to RMB 2 million, and a flat fee of RMB 1,000 per transaction for amounts above RMB 2 million (inclusive). The redemption fee is 1.50% for holdings under 7 days, 0.50% for 7 days (inclusive) to 180 days, and 0.00% for 180 days (inclusive) and above; no sales service fee is charged. For Huabao Tech ETF Link C, no subscription fee is charged; the redemption fee is 1.50% for holdings under 7 days and 0.00% for 7 days (inclusive) and above; the sales service fee is 0.40% per annum. ETF subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to the actual charges by securities firms.
Risk disclosure: Huabao Tech ETF passively tracks the CSI Technology Leaders Index. The index's base date is June 29, 2012, and it was released on March 20, 2019. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its historical backtested performance does not indicate future index performance. The constituent stocks mentioned herein are for illustrative purposes only; individual stock descriptions do not constitute investment advice in any form nor represent the holdings or trading trends of any funds under the management company. The fund manager assesses this fund's risk level as R3—medium risk, suitable for balanced (C3) and above investors. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, or any form of expression) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is assumed for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past fund performance does not guarantee future results, and the performance of other funds managed by the fund manager does not guarantee this fund's performance. Invest with caution.
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