Market Insight | YOFC Fiber Optic Cable rose nearly 4% in early trading, US fiber optic stock Lumen Technologies continues to soar
YOFC's fiber optic cable rose nearly 4% in early trading, up 1.28% as of the time of publication, at HKD 8.71, with a turnover of HKD 311.787 million. On the news front, following a nearly 100% surge in the previous trading day, the U.S. fiber optics stock Lumen Technologies continued to soar by over 32%, with second-quarter revenue of USD 3.268 billion, exceeding market expectations of USD 3.246 billion; the company previously announced that it has secured USD 5 billion in new business driven by artificial intelligence connectivity demand, and is set to achieve an additional USD 7 billion in sales. Dongxing Securities pointed out that fiber optic cables are the important bridge of the information age, with the increasing demand for data transmission, the penetration rate of gigabit access is expected to continue to rise, and the optical network is embarking on a new round of cable cycle upgrade towards 400G iteration. Optimistic about the medium to long-term development opportunities of fiber optic cable manufacturers. Guosheng Securities, on the other hand, stated that the AI boom trend is still accelerating, with major factory capital expenditures significantly tilting towards computing power
According to the Wise Finance APP, YOFC (06869) rose nearly 4% in early trading, up 1.28% as of the time of publication, at HKD 8.71, with a turnover of HKD 31.1787 million.
On the news front, following a nearly 100% surge in the previous trading day, the U.S. fiber optic stock Lumen Technologies continued to soar by over 32%, with second-quarter revenue of USD 3.268 billion, exceeding market expectations of USD 3.246 billion. The company previously announced that it has secured USD 5 billion in new business under the demand for AI connections and is set to achieve an additional USD 7 billion in sales.
Dongguan Securities pointed out that fiber optic cables are crucial in the information age, with the increasing demand for data transmission. The penetration rate of gigabit access is expected to continue to rise, and a new cycle of cable usage is unfolding as optical networks move towards 400G iteration upgrades. Optimistic about the medium to long-term development opportunities for fiber optic cable manufacturers. Guosheng Securities, on the other hand, stated that the AI boom trend is still accelerating, with significant capital expenditure from major factories tilting towards computing power