2 1 Shi Ji Jing Ji Bao Dao·2025-09-12 04:26Group 1: Optical Module Industry Insights - Morgan Stanley suggests that the optical module sector has largely reflected its favorable fundamentals in stock prices after several months of significant increases [1] - New Yisheng's rating has been downgraded to "reduce" with a target price of 255 yuan, as the market consensus views the company as the second-largest player globally with limited upside potential [1] - In contrast, Zhongji Xuchuang maintains an "overweight" rating with a target price of 435 yuan, expected to achieve substantial growth by 2026 as a pioneer in 1.6T new products [1] - Tianfu Communication's rating has been lowered to "reduce," with an increased target price of 142 yuan, indicating that the company's profit growth potential is already reflected in the current stock price [1] Group 2: AI Chip Development - Reports indicate that Alibaba has been using self-developed chips for lightweight AI model training since early this year, while Baidu is experimenting with its Kunlun P800 chip for training its new Wenxin model [6] - Employees familiar with Alibaba's chips claim that they are now comparable to Nvidia's H20 [6] Group 3: Market Sentiment and Investment Trends - Goldman Sachs and Morgan Stanley both report that over 90% of U.S. investors are looking to increase their holdings in Chinese assets [10]