Changes in Hong Kong stocks | Inflation and AI valuation bubble impact AI hardware Changfei Optical Cable (06869) falls by more than 10% Lanqi Technology (06809) falls by more than 9%

The Zhitong Finance App learned that AI hardware stocks fell sharply across the board. As of press release, Changfei Optical Fiber (06869) fell 10.69% to HK$126.1; Lanqi Technology (06809) fell 8.89% to HK$207; Jiantao Laminate (01888) fell 8.07% to HK$38.94; Cambridge Technology (06166) fell 8% to HK$81.6; Zhongji Xuchuang (03308) fell 5.78% to HK$798.5.

According to the news, US inflation data exceeded expectations and concerns about the AI valuation bubble. Global technology stocks are facing a new round of shock. The US CPI rose 3.7% year on year in September, and the core CPI rose to 2.6%, both exceeding expectations. After the data was released, the market's bet on the Federal Reserve's interest rate hike in October once rose to 50%. Furthermore, the yield of CoreWeave bonds exceeded 15%, and the price fell below 80% of face value, raising market concerns about AI infrastructure financing costs. Goldman Sachs predicts that the capital expenditure growth rate of hyperscale cloud service providers will peak at 116% year-on-year in the third quarter of 2026 and drop to around 20% by the end of 2027.

It is important to note that recently, rumors about overseas restrictions have continued to appear in the AI hardware industry chain such as optical modules and PCBs. According to reports, there is no official policy text on the FCC's rumor of restrictions on 3.2T optical modules. The current US PCB procurement restrictions mainly target specific defense procurement practices, while the 337 investigation is still in the filing stage, and no substantial determination has been made on the relevant patent infringement claims.