1lite单周上涨近19%，今天台湾市场复牌，华星光/上铨/波若威等批量涨停，#Cpo板块几乎成为海外ai硬件投资最 核心的方向； 2未来一个月，#光通信特别是Cpo会非常热闹，英伟达财报周中公布的，3月中旬gtc大会，黄仁勋称会发布前所未 【Cpo板块】观点更新（29）：从分歧逐渐走向一致 【Cpo板块】观点更新（29）：从分歧逐渐走向一致 春节期间，海外市场尽管受到关税、伊朗等不确定因素的影响，但全球市场ai硬件投资的主线仍然非常清晰： 3伴随着Cpo逐步走向量产，A股相关标的将逐步从预期驱动转变为订单驱动，#催化从节点性变为连续性，静待相 关催化落地。 #Tokens消耗再现跳跃式提升，算力需求趋势越发清晰，建议节后持续加大把握cpo板块从分歧逐步走向一致的重 估过程，重点推荐【罗博特科】、【致尚科技】！ 春节期间，海外市场尽管受到关税、伊朗等不确定因素的影响，但全球市场ai硬件投资的主线仍然非常清晰： 1lite单周上涨近19%，今天台湾市场复牌，华星光/上铨/波若威等批量涨停，#Cpo板块几乎成为海外ai硬件投资最 核心的方向； 2未来一个月，#光通信特别是Cpo会非常热闹，英伟达财报周中公布的，3 ...

Summary of Conference Call Notes Industry Overview - The discussion revolves around the **CPO (Chip-on-Panel)** sector, highlighting its potential growth and investment opportunities [1][2]. Key Points and Arguments 1. **Upward Revisions by Analysts**: - Authoritative analysis firms such as **Semianalysis** and **Lightcounting** have significantly revised their forecasts for CPO's pace, slope, and ceiling, likely influenced by gradual increases in off-exchange volumes and faster-than-expected on-exchange deployment [1]. 2. **Positive Supply Chain Expectations**: - Companies in the U.S., Taiwan, and certain domestic supply chains, including **Lite**, **Cohr**, **波若威**, and **泰瑞达**, are publicly raising their expectations for CPO, indicating a transition from laboratory development to mass production [1]. 3. **Energy Efficiency Potential**: - CPO has the theoretical capability to substantially reduce power consumption, which is particularly relevant given the severe electricity shortages in the U.S. If CPO can lessen the demand on the power grid, it may transcend economic considerations. The acceptance from customers is expected to be high if CPO can be effectively implemented, as lower costs and faster production are essential needs [1]. 4. **Investment Timeline**: - The company is confident in the CPO sector's growth trajectory, projecting a transition from 0 to 1 in 2026 and from 1 to 10 in 2027 [1]. Additional Important Insights - The overall sentiment is that CPO is beneficial for all players in the optical industry, emphasizing a collective positive outlook for the sector [2].