Jin Rong Jie·2025-08-25 04:02Group 1 - Changfei Fiber Optic Cable (06869) saw its stock price rise over 20%, reaching a historical high of 44.86 HKD during trading, with a current price of 43.96 HKD and a trading volume of 1.22 billion HKD [1] - NVIDIA announced the launch of NVIDIA® Spectrum-XGS Ethernet, a technology that enables the combination of multiple distributed data centers into a one-gigawatt AI super factory, addressing the limitations of existing commercial Ethernet infrastructure [1] - Open-source securities highlighted that the scale-across technology could become the "third pillar" of AI computing, following scale-up and scale-out, and emphasizes the importance of optical interconnect and related industry opportunities [1] Group 2 - Zhongtai Securities reported that hollow-core fiber, which uses air as a transmission medium, has lower latency and loss, making it a key component for future AI data center interconnects [2] - The first commercial use of hollow-core fiber by China Mobile is expected in July 2025, with Changfei Fiber being the sole bidder at an actual bid price of approximately 36,000 RMB per core kilometer [2] - The report emphasizes the leading capacity level of Changfei Fiber in hollow-core technology and its successful bids in related projects [2]