CIG(SH:603083) Zhi Tong Cai Jing·2025-11-26 06:44Core Viewpoint - Cambridge Technology (06166) has seen a stock increase of over 4%, currently trading at 79.15 HKD with a transaction volume of 288 million HKD, amid discussions surrounding Google TPU and NVIDIA GPU in the market [1] Industry Summary - The ongoing debate between Google TPU, which utilizes a 3D Torus and OCS architecture, and NVIDIA GPU, based on NVLink and CLOS network architecture, highlights the necessity of optical modules for overcoming communication bottlenecks in constructing large-scale AI computing clusters [1] - Optical modules serve as the "information highway" within data centers, ensuring that computational potential is fully realized [1] - Guosheng Securities indicates that overseas cloud vendors have revised their capital expenditures upward, reflecting sustained strong demand, leading to a "volume and price increase" scenario in the optical module industry [1] Company Summary - Huaxin Securities previously noted that Cambridge Technology has successfully completed certification for multiple new products with various clients, expecting to achieve mass shipments by 2025 [1] - The company continues to enhance the development of several 800G LPO products, with positive testing results for the 800G DR8 LPO product in client switches, and will further advance the development and iteration of 800G and 1.6T LPO and LRO products [1] - Cambridge Technology has completed mass production and expansion of multiple products at its factories in Shanghai and Malaysia to meet client demands for 2025 [1]