Zhong Guo Neng Yuan Wang·2025-11-10 03:15Core Viewpoints - The communication industry is experiencing strong growth driven by AI infrastructure development, with significant investments in AI capabilities and data center interconnect (DCI) products [1][2][4] Industry News Tracking - Fabrinet reported a Q1 FY2026 revenue of $978.1 million, a 22% year-over-year increase, with DCI revenue reaching $138 million, up 92% year-over-year [2] - Coherent's Q2 FY2026 revenue guidance is between $1.56 billion and $1.70 billion, with Q1 revenue of $1.581 billion, a 17% year-over-year increase [2] - Lumentum's Q2 FY2026 revenue guidance is between $630 million and $670 million, with Q1 revenue of $533.8 million [2] - AI server ODM manufacturers in Taiwan, such as AVC, reported a monthly revenue increase of 13.43% in October 2025 [2] - Meta announced a $600 billion investment in AI data centers and talent recruitment in the U.S. by 2028 [2] Product Development - Inspur launched the world's first single-cabinet 640-card super node, scaleX640, enhancing domestic computing power with a 20-fold increase in cabinet computing density [3] - NVIDIA's "StarCloud-1" satellite was launched, marking the first in-orbit operation of a data center-level AI computing unit [3] - Google initiated its "Sunrise Project" to develop space-based AI infrastructure, addressing energy and cooling challenges faced by data centers [3] Investment Recommendations - Continuous focus on AI computing infrastructure development is advised, with recommendations for companies involved in optical devices, communication equipment, liquid cooling, and edge computing [4] - The three major telecom operators are considered important assets for long-term investment due to their stable operations and increasing dividend payouts [4] Key Recommended Stocks - The recommended investment portfolio for week 46 of 2025 includes China Mobile, InnoLight Technology, ZTE Corporation, Invec, and Guanghetong [5]