Zheng Quan Shi Bao Wang·2026-01-27 03:37Group 1 - CPO concept saw significant gains on the 27th, with Yuanjie Technology rising over 10% to set a new historical high, while Zhongci Electronics and Kechuan Technology hit the daily limit, and other companies like Juguang Technology and Tianfu Communication increased by over 8% [1] - Major cloud providers, including Google, Microsoft, Meta, and Amazon, are expected to see a 74% year-on-year increase in capital expenditure by Q3 2025, reflecting strong long-term confidence in AI investments [1] - Citic Securities indicates that the explosive demand for AI computing power is driving upgrades in the optical communication industry, with ongoing capital expansion from overseas cloud providers and TSMC, confirming robust demand for AI infrastructure [1] Group 2 - Despite short-term supply shortages of materials like high-speed optical chips, upstream manufacturers are actively expanding production, and the increasing penetration of silicon photonics solutions is expected to alleviate supply chain bottlenecks [1] - NPO technology, with its advantages of low power consumption, high bandwidth, and maintainability, is becoming a key transitional solution at the Scaleup level, with leading companies already positioning themselves to drive the industry towards more efficient optical interconnection architectures [1] - There is optimism regarding the development potential of domestic optical communication leading companies [1]