On June 9, the stocks related to optical fiber concepts sustained their upward momentum. Hengtong Optic-Electric swiftly reached the daily price ceiling in the afternoon, marking three consecutive limit-up days within six trading sessions. Changfei Fiber Optic also soared to its daily limit once again, closing at RMB 484.33 per share. Concurrently, Zhongtian Technology and FiberHome Telecommunications witnessed surges exceeding 8%. On the news front, on June 8 (local time), Amazon unveiled that it had inked a multi-billion-dollar pact with Corning Incorporated. The deal entails the procurement of optical fibers, cables, and connectivity solutions to bolster its data center expansion endeavors across the United States. This agreement is set to generate 1,000 new high-skilled job opportunities and hundreds of construction roles at Corning's North Carolina facility. It follows Amazon's announcement last year regarding an additional USD 10 billion investment in cloud infrastructure within the state. A seasoned industry analyst highlighted that optical fibers are transitioning from conventional communication transmission mediums to pivotal components underpinning AI computing networks. This transformation in demand drivers is fueling the present industry upswing.
