Xin Lang Cai Jing·2026-02-03 02:52Group 1: CPO Market Growth - The CPO concept stocks experienced significant gains, with Tianfu Communication rising over 10% and ZhiShang Technology hitting a 20% limit up shortly after opening on February 3 [1][6] - According to Light Counting's report, the CPO market is expected to grow rapidly, reaching a market size of $16.5 billion by 2025 and $26 billion by 2026, with an annual growth rate of 60% [7] - Major cloud companies like Meta and Oracle plan to double their capital expenditures by 2026, supporting the CPO market despite easing supply chain shortages [7] Group 2: Sales and Adoption of Optical Devices - Sales of optical devices for the top five cloud companies are projected to account for 3.1% of their capital expenditures in 2026, up from 2.7% in 2025, and expected to rise to 4.1% by 2031 [2] - The adoption of CPO technology in Scale-up connections is anticipated to exceed forecasts, driving stronger market growth from 2028 to 2031 [2] Group 3: NVIDIA's CPO Initiatives - NVIDIA is expected to ship 10,000 CPO switches, with the Spectrum5 model leading the initial volume, and small-scale shipments of Spectrum6 and Quantum CPO switches anticipated starting in Q2 [3][9] - NVIDIA hosted a webinar on February 3, 2026, focusing on CPO switches for AI factories, emphasizing the need for infrastructure to support large-scale AI workloads [8] Group 4: Market Stability and Trends - Analysts suggest that the market may be stabilizing, although external liquidity issues and geopolitical uncertainties remain [10][11] - Recent data indicates a decrease in trading volume and financing balances in the A-share market, suggesting a trend towards market consolidation as the holiday approaches [11][12]