Group 1 - Cambridge Technology (06166) saw a nearly 10% increase in early trading, currently up 8.37% at HKD 84.15, with a transaction volume of HKD 293 million [1] - Meta is reportedly in deep negotiations with Google to potentially adopt TPU on a large scale in its data centers starting in 2027, with a potential procurement scale reaching several billion dollars [1] - This deal, if finalized, would represent a significant victory for Google in the external sales of TPU [1] Group 2 - Recent reports indicate that Google is further increasing orders from leading optical module manufacturers, focusing on 800G/1.6T high-speed optical modules to meet the expansion needs of its new generation TPU clusters [1] - Huaxin Securities noted that Cambridge Technology has successfully completed certification for multiple new products with various clients, expecting to achieve mass shipments by 2025 [1] - The company continues to enhance the development of several 800G LPO products, with positive testing results for the 800G DR8 LPO product in client switches, and will continue to advance the development and iteration of 800G and 1.6T LPO and LRO products [1] - Cambridge Technology has completed mass production and expansion of multiple products at its factories in Shanghai and Malaysia to meet client demands in 2025 [1]

Core Insights - The CPO concept stocks in the A-share market continue to be active, with significant price increases observed in several companies [1] Group 1: Stock Performance - Taicheng Light (300570) saw a rise of 10.67%, with a total market capitalization of 25.1 billion and a year-to-date increase of 53.56% [2] - Cambridge Technology (603083) increased by 10%, with a market cap of 40.3 billion and a year-to-date rise of 183.09% [2] - New Yi Sheng (300502) rose by 8.44%, boasting a market cap of 356.9 billion and a year-to-date increase of 336.70% [2] - Huylu Ecology (001267) experienced a 5.52% increase, with a market cap of 15.3 billion and a year-to-date rise of 156.77% [2] - Woge Optoelectronics (603773) increased by 5.26%, with a market cap of 6.562 billion and a year-to-date rise of 15.69% [2] - Other notable performers include Jiepu Te (688025) up 4.33%, Tianfu Communication (300394) up 4.25%, and Lian Te Technology (301205) up 4.33% [2]

华鑫证券此前指出，剑桥科技多个新产品在多个客户顺利完成认证，预计将在2025年实现大批量发货。 公司继续完善多款800G LPO 产品开发，800G DR8 LPO 产品在客户交换机的测试结果良好，将继续推 进800G 和1.6T LPO 和LRO 产品的开发和迭代更新。完成多个产品在上海工厂和马来西亚工厂的量产和 扩产，以满足2025 年客户的需求。 智通财经APP获悉，剑桥科技(06166)早盘涨近10%，截至发稿，涨8.37%，报84.15港元，成交额2.93亿 港元。 消息面上，据媒体报道，Meta正与谷歌进行深入谈判，考虑从2027年起在自家数据中心大规模采用 TPU，潜在采购规模或达数十亿美元。这笔交易一旦落地，将是谷歌外售TPU上的重大胜利。近期业内 有报道称，谷歌正在进一步追加光模块龙头的订单。从供应链反馈看，此次加单主要集中在800G/1.6T 高速光模块，对应的多为谷歌新一代TPU集群扩容需求。 ...

Core Viewpoint - Cambridge Technology (603083) shares rose nearly 10% in early trading, currently up 8.37% at HKD 84.15, with a trading volume of HKD 293 million [1] Group 1: Company Developments - Cambridge Technology is reportedly completing certifications for multiple new products with various clients, expecting to achieve mass shipments by 2025 [1] - The company is advancing the development of several 800G LPO products, with positive testing results for the 800G DR8LPO product in client switches [1] - Production and expansion of multiple products have been completed at both the Shanghai and Malaysia factories to meet client demands in 2025 [1] Group 2: Industry Context - Meta is in deep negotiations with Google to potentially adopt TPU on a large scale in its data centers starting in 2027, with a procurement scale that could reach several billion dollars [1] - Reports indicate that Google is increasing orders for leading optical module manufacturers, focusing on 800G/1.6T high-speed optical modules to support the expansion of new TPU clusters [1]

Group 1 - The CPO concept stocks in the A-share market continue to be active, with notable price increases among several companies [1] - Taicheng Technology saw a rise of over 10%, while Cambridge Technology hit the daily limit with a 10% increase [1] - New Yi Sheng increased by over 8%, and other companies like Huilv Ecology and Woge Optoelectronics rose by over 5% [1]

Group 1 - The CPO concept continues to strengthen, with companies like Saiwei Electronics and Cambridge Technology hitting the daily limit up [1] - New Yisheng and Zecheng Electronics saw increases of over 10% [1] - Industrial Fulian experienced a rise of over 7% [1]

CPO板块再度走强，新易盛涨超8%，工业富联涨超6%，剑桥科技触及涨停，生益科技、光库科技跟 涨。 ...

国联安中证1000指数增强A（016962）成立日期2022年12月5日，最新规模1.47亿。今年以来收益 33.17%，同类排名1085/4206；近一年收益37.43%，同类排名990/4006；成立以来收益30.37%。 11月27日，剑桥科技涨5.69%，截至发稿，报109.86元/股，成交7.21亿元，换手率2.45%，总市值387.42 亿元。 资料显示，上海剑桥科技股份有限公司位于上海市闵行区陈行公路2388号8幢5楼,香港铜锣湾希慎道33 号利园1期19楼1901室，成立日期2006年3月14日，上市日期2017年11月10日，公司主营业务涉及基于合 作模式(主要为JDM和ODM模式)进行家庭、企业及工业应用类ICT终端领域产品的研发、生产和销售。 主营业务收入构成为：电信宽带55.66%，无线网络与小基站28.82%，高速光模块13.46%，边缘计算与 工业互联产品2.01%，其他(补充)0.06%。 从基金十大重仓股角度 数据显示，国联安基金旗下1只基金重仓剑桥科技。国联安中证1000指数增强A（016962）三季度持有 股数1.06万股，占基金净值比例为0.79%，位居第二大重仓股。根据 ...

Core Viewpoint - The computing hardware stocks have shown significant strength in early trading on November 27, with several companies reaching new highs in their stock prices [1]. Group 1: Stock Performance - Saiwei Electronics has surged over 10%, continuing to set historical highs [1]. - Cambridge Technology, Changguang Huaxin, Industrial Fulian, New Yisheng, and Shengyi Technology have all increased by over 5% [1].

Market Overview - The market exhibited a fragmented low-volume trading pattern, with the Shanghai Composite Index slightly down by 0.15%, while the Shenzhen Component and ChiNext Index rose by 1.02% and 2.14% respectively. Approximately 3,600 stocks declined against over 1,600 that rose, with total trading volume reaching 1.7 trillion [1][3]. AI Hardware Sector - The AI hardware sector saw significant gains, with OCS continuing to strengthen and the CPO sector experiencing a collective rise. Key stocks such as Special Information and Zhongji Xuchuang hit new highs, while others like Saimicroelectronics and Yuxi Technology also saw substantial increases [4][6][7]. Consumer Sector - The consumer sector experienced a resurgence in the afternoon following the release of a plan by six departments aimed at enhancing the adaptability of consumer goods supply and demand. This plan anticipates the formation of three trillion-level consumption areas and ten billion-level consumption hotspots by 2027. Retail stocks like Dongbai Group and Sanjiang Shopping surged, with several stocks hitting the daily limit [9][10]. Shenzhen Local Stocks - Following the announcement of a financial support plan for enterprises in Guangdong, Shenzhen local stocks initially showed little reaction but later surged in the afternoon, led by stocks like Teli A and Shenhua A. The rally was partly driven by news regarding Vanke's debt situation and restructuring plans, which sparked interest in related local stocks [12][14][15][17]. Reader Culture - Reader Culture experienced a sudden surge of over 7% in the afternoon, closing with a 5.1% increase. The rise was attributed to heightened media attention surrounding figures like Luo Yonghao, suggesting that market movements may be influenced by social media trends rather than fundamental factors [20].