GOLDEN SUN SECURITIES·2026-03-12 02:24Investment Rating - The report maintains a "Buy" rating for the companies involved, specifically highlighting the positive outlook for optical communication and related sectors [3][6]. Core Insights - The report emphasizes the launch of Broadcom's 3nm 400G PAM-4 DSP, which enhances bandwidth density and efficiency for AI data centers, enabling manufacturers to provide low-power 1.6T pluggable modules [1]. - NewEase's introduction of the 448G full-featured DSP optical module marks a significant milestone, positioning the company strategically within the industry and enhancing its collaboration with leading partners [2]. - The report identifies a growing trend towards open and decoupled computing networks, driven by the increasing demand for AI inference, suggesting that companies in this space will continue to thrive [2]. Summary by Sections Industry Overview - The optical communication sector is expected to prosper, with CSPs leading capital expenditures and fostering an environment of open and decoupled computing and networking solutions [2]. Key Companies - The report recommends investing in NewEase, a recognized partner of Broadcom, along with other leading companies such as Zhongji Xuchuang and various suppliers in the optical module supply chain [3]. Financial Projections - Financial forecasts for key companies indicate significant growth, with EPS projections for NewEase increasing from 2.85 in 2024 to 31.36 in 2027, reflecting a strong growth trajectory [6].