Ge Long Hui A P P·2025-09-12 01:03Group 1 - Morgan Stanley believes that the positive fundamentals of the optical module industry have been fully reflected in stock prices after several months of significant increases [1] - The firm suggests that investors should take profits during periods of high market sentiment, contrasting with optimistic reports from Goldman Sachs and Citigroup [1] - Morgan Stanley has made substantial rating adjustments for several leading optical module stocks, with New East Technology being downgraded to "underweight" [1] Group 2 - New East Technology experienced a 338% year-on-year growth in Q2 2025, but its growth rate is expected to significantly slow in the coming quarters, potentially triggering a valuation downgrade [1] - Since April, New East Technology's stock has surged by 460%, while other companies like Zhongji Xuchuang and Tianfu Communication have seen increases of 312% and 269% respectively [1] - Despite the positive outlook for AI infrastructure demand, Morgan Stanley warns that the current level of market enthusiasm is unlikely to be sustainable [1]