中际旭创：Fundamentals remain strong despite recent market volatility, reiterate BUY

8 Aug 2024 CMB International Global Markets | Equity Research | Company Update Innolight (300308 CH) Fundamentals remain strong despite recent market volatility, reiterate BUY CSP3 (Three Cloud Service Providers, namely Google, Microsoft and Amazon) plus Meta have announced their earnings recently. The Big Four spent an aggregate of US$52.9bn in capex in 2Q24 (vs. previous Bloomberg consensus est. of US$50.6bn), representing a surge of 57.1% following 30.4% growth in 1Q24. The growth is on an already-high b ...