Changfeng Optical Fiber Cable Soars Over 15% to a New High in Morning Trading, Year-to-Date Gain of 2.5 Times

Changfeng Optical Fiber Cable (06869) rose over 15% in morning trading, hitting a new high of HKD 43.76, with year-to-date gains of 2.5 times. As of the time of publication, the stock had risen 15.49%, currently trading at HKD 43.70, with turnover of HKD 8.986 billion.

China Renaissance Securities noted that air-core optical fibers, which use air as a transmission medium, possess two main characteristics: lower latency and lower loss. This makes them a key product for future AI data center interconnection. The firm pointed out that overseas Microsoft is leading the development of air-core optical fiber technology, products, and commercialization, with DCI start-ups making rapid progress; air-core optical fibers are still in the early stages of commercialization, with a compound annual growth rate (CAGR) expected to reach 56.52% over the next six years. Corning expects that as DCI business expands rapidly, it will bring about a US$10 billion commercial opportunity by the end of 2030.