On June 15, FIT Hon Teng rose 3.67% in regular trading, trading at 7.8 HKD/share, with turnover of approximately 95.87 million HKD.
On the news front, NVIDIA recently issued an explicit response to SemiAnalysis's bearish report, confirming that its CPO switch products will proceed with mass production and customer ramp delivery in the second half as planned. SemiAnalysis had previously published a report on June 9 claiming CPO mass production could be delayed to 2028 or even 2029 due to optical engine yield constraints and integration challenges, triggering a deep correction across the optical communication sector. FIT Hon Teng had retreated over 30% from its June 3 high. NVIDIA further demonstrated its commitment by publicly showcasing the Quantum-X InfiniBand Photonics Q3450-LD switch already deployed at Lambda's production GPU cluster, with CoreWeave, Meta, Microsoft, and Oracle also confirmed as early adopters. With market expectations for CPO volume stabilizing and the electronic components sector broadly strengthening, the previously oversold stock saw a technical rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments