Changes in Hong Kong stocks | Changfei Optical Fiber & Cable (06869) has risen more than 9% in the past three days, and its stock price has risen more than 30% in the past three days, AI continues to drive demand for fiber optic cables

The Zhitong Finance App learned that Changfei Optical Fiber Cable (06869) has risen by more than 9% and has increased by more than 30% in the past three trading days. As of press release, it rose 9.2% to HK$50.45, with a turnover of HK$666 million.

According to the news, the market is paying attention to the recent increase in the price of optical fiber cables. Guosheng Securities believes that the recovery of the general optical cable business will provide a solid margin of safety and flexibility in profit recovery; the specialty optical fiber business has ushered in explosive growth under the wave of AI computing power, opening up room for long-term growth. The bank believes that the entire fiber optic cable industry chain layout is perfect, and leading companies in the industry leading in the development and industrialization of special optical fibers such as air core optical fiber will fully benefit from the steady recovery of general cables and the explosion of data demand caused by AI computing power.

Open Source Securities also stated that as the AI model continues to iterate on the training side, and the implementation of AI applications on the inference side accelerates, the parallel strategy continues to increase the requirements for the internal network of clusters, driving an increase in the usage of optical fiber cables, an increase in demand for interconnected DCI and metropolitan optical cables in external data centers, and may drive a recovery in fiber optic cable prices.