On February 23, it was reported that the concept stocks of optical communication in the Hong Kong stock market surged again. As of press time, $YOFC (06869.HK)$ The stock price surged over 16%, reaching a new all-time high of HKD 133 per share. The total market capitalization surpassed the HKD 100 billion mark, with an accumulated increase exceeding 150% year-to-date. $TIME INTERCON (01729.HK)$ Increased by more than 9%, $CIG (06166.HK)$ 、 $FIT HON TENG (06088.HK)$ and other multiple stocks followed the upward trend.
In terms of news, on February 22, according to the “China Optics Valley” official account, the head of Huagong Technology’s optical module business introduced that during the Spring Festival, the company’s two major production bases in Wuhan and Thailand were fully operational, resuming work on the first day of the lunar year to ensure mass production and delivery of high-speed optical modules such as 1.6T and 800G. The company’s connection business orders are already scheduled until the fourth quarter of 2026, with the AI high-speed optical module production line operating at full capacity 24 hours a day. Additionally, during the Spring Festival, all production lines at Changfei’s various bases maintained full operation.
Xingye Securities released a research report stating that the combined capital expenditure guidance for Amazon, Google, Meta, and Microsoft, four cloud service providers, is approximately USD 598.7 billion in 2026, representing an expected year-on-year increase of 67%. This reflects the continued certainty of global AI computing power demand under the logic of an arms race. As data centers evolve towards ultra-large-scale clusters, the commercialization of 1.6T and even 3.2T high-speed optical modules is accelerating, with continuous breakthroughs in advanced technologies such as silicon photonics and CPO. The massive demand for computing power is driving data centers into a phase of scaled expansion, leading to a widening supply-demand gap for key infrastructure such as optical fibers and liquid cooling, resulting in high activity across multiple segments of the industry chain.
Editor/Rice










