YOFC's stock price surged 16.04% during intraday trading on Wednesday, reflecting a significant upward movement.
The sharp rise is attributed to positive industry developments, notably Corning securing a major order worth up to $6 billion from Meta for optical fiber cables to support AI data center construction. This underscores the surging demand for optical infrastructure driven by the artificial intelligence boom.
As a global leader in the optical fiber and cable industry with leading market share and advanced manufacturing integration, YOFC is positioned to benefit from this trend. Market analysis suggests the downturn in the telecom fiber cable market is bottoming out, and the company is poised to gain from domestic market recovery, overseas expansion, and AI computing power driving demand upgrades, signaling an upcoming positive performance cycle.
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