Zhi Tong Cai Jing·2025-11-26 03:31Group 1 - Changfei Optical Fiber (601869) and Changjian Cable (06869) saw a significant intraday increase, with shares rising nearly 7% and currently trading at 38.94 HKD, with a transaction volume of 925 million HKD [1] - Meta is negotiating with Google regarding the use of TPU chips worth billions of dollars in its data centers by 2027, and plans to rent chips from Google Cloud next year [1] - According to Zhongtai Securities (600918), Google is building a strong AI moat through a complete technology ecosystem from chips (TPU), networks (OCS), models (Gemini), to applications (cloud computing/search/advertising), driving continuous growth in capital expenditure [1] Group 2 - Huatai Securities previously indicated that AI-driven data communication is fostering growth, with ongoing expansion in hollow-core fiber applications [1] - The company is leading globally in the research and industrialization of next-generation optical fiber technology, particularly in hollow-core fiber [1] - Through its subsidiary Changxin Bochuang (300548), the company has developed strong growth points in MPO, AOC, and high-speed copper cable interconnection components, benefiting from the construction of AI data centers in North America and expanding its overseas business [1]