Core Viewpoint - China Telecom has successfully completed the world's first transmission experiment using hollow-core fiber over a distance exceeding 100 kilometers, marking a significant breakthrough in quantum-classical co-fiber transmission technology [1] Company Summary - Longi Fiber Optic Cable (06869) saw its stock price increase by over 8% during trading, closing at 36.2 HKD with a transaction volume of 554 million HKD [1] - UBS indicates that hollow-core fiber has long-term development potential, with expectations for technology maturation and significant revenue contributions in the next 2-3 years, although short-term impacts on profitability remain limited [1] Industry Summary - According to Zhongtai Securities, the explosion in AI computing power demand will be the main driver for fiber optic demand by 2025, as data centers transition to 800G/1.6T networks to ensure training efficiency for large AI clusters [1] - Hollow-core fiber is viewed as the ultimate solution for internal communication within AI clusters and ultra-low latency data center interconnects (DCI) [1]