白宫200亿订单加持藤仓电缆扩张遇挑战，CEO直言“根本无法满足所有客户”

Core Viewpoint - Fujikura's stock has surged approximately 1400% over the past two years due to soaring demand for its cables from new data centers, but the company is struggling to keep up with this demand [1] Group 1: Company Performance and Strategy - The CEO Naoki Okada indicated that further capital expenditure is necessary to meet AI-related demand, with new investment plans expected to be announced in May [1] - Fujikura's stock price fell by 3.4% to 15,960 yen following concerns about AI investment prospects after Blue Owl Capital decided not to fund Oracle's data center [1] - The company is recognized as a leading Japanese cable manufacturer, involved in capital expenditures for major cloud computing giants and high-margin telecom products [1][6] Group 2: Market Demand and Supply Challenges - There is a significant shortage of fiber optic cables, highlighting potential risks for investors in AI-related companies, particularly for Fujikura [1] - Fujikura has been selected by the White House to provide fiber optic cables worth up to $20 billion for AI infrastructure, and the company plans to invest 45 billion yen (approximately $289 million) in a new factory [6] - The CEO acknowledged that current production capacity cannot meet the rapidly growing demand from AI-driven data centers [7] Group 3: Financial Outlook and Analyst Insights - Fujikura raised its full-year revenue forecast to 179 billion yen, a 26% increase from previous expectations, with about 75% of its sales coming from overseas, potentially benefiting from a weaker yen [7] - Morgan Stanley MUFG Securities raised Fujikura's target price from 14,000 yen to 21,500 yen, anticipating strong growth through product optimization and connector sales [7]