For stock investors, reading Jinqilin analyst research reports offers authoritative, professional, timely, and comprehensive insights to help uncover potential thematic opportunities! Source: China Fund News. Introduction: Reasons behind the surge.
Hello everyone! Today's market, especially the optical module sector, staged a short squeeze rally. On such a joyous occasion, let's first enjoy some humor! You know, optical modules are my brother — we once fought side by side and defeated many short sellers. I've known CPO for a long time; this guy is incredibly strong. I believe our trio — optical modules, CPO, and AI computing power — can produce excellent chemistry. Sometimes decisions are hard. After many days and nights of thinking, I decided to bring my talents to 800G and conveniently add positions in 1.6T. I can't wait to put on the jersey of the optical module leader. As for new energy, baijiu, and pharmaceuticals — I wish them all the best. Margin calls happened, now CPO is no longer sanctioned, storage prices are about to rise, Claude is turning profitable, Iran is about to concede, Zhongji Innolight is about to hit the daily limit, and optical module orders haven't decreased but increased.
On November 11, the market opened high and went higher throughout the day, with the ChiNext Index surging over 3% in the afternoon. As of close, the Shanghai Composite Index rose 0.46%, the Shenzhen Component Index gained 1.32%, and the ChiNext Index climbed 3.11%. A total of 3,381 stocks advanced, 84 hit the daily limit up, 1,647 declined, 1 hit the daily limit down, and 19 stocks failed to hold their limit-up, giving a failure rate of 18%.
Computing power hardware stocks rebounded sharply. Yuanjie Technology, Dongshan Precision, Accelink Technologies, and Cambridge Technology were among many hitting the daily limit up, while Zhongji Innolight, Eoptolink, and T&S Communications each rose more than 13%. Robot concept stocks maintained their strength, with Fulai New Materials achieving a second consecutive limit-up and hitting a new high, while Xiangyang Bearing, Fenglong Co, Ruidi Zhiqu, and more than ten other stocks hit the daily limit up. Memory chip stocks surged, with Liyang Chip and Terry Machinery hitting the daily limit up, Nanya New Material rising over 10%, and Lianxun Instruments, Puya Semiconductor, Shennan Circuits, Hangzhou Kelin, and Focuslight Technologies following suit. On the downside, the photovoltaic sector surged then pulled back, with Maxwell Technologies falling nearly 10%.
Next, let's analyze the reasons behind today's rally.
First, bullish news for optical modules. Reports say Microsoft and other companies and industry organizations have been pressuring the Trump administration to halt a plan that would ban imports from China of a key component used in AI data centers. Microsoft currently has 35 data center projects under construction in the US, with another 134 in the planning stage. People familiar with the matter said Microsoft is among the companies and industry groups voicing opposition to the Trump administration. They argue that implementing such a ban could further slow down US data center construction and even cause irreparable damage to America's leading advantage in the AI race. John Miller, Executive Vice President and General Counsel of the Information Technology Industry Council (ITI), a US tech lobbying group, said: "This ban could really bring data center construction to a standstill, or even a complete halt."
Second, bullish news for storage. Reports say some leading companies have verbally informed channel distributors of their intention to raise prices for enterprise-grade chips. The formal price increase letters have not yet been issued, but channel-side prices have already begun to move.
Third, bullish news for AI giants. Anthropic's underwriting banks are considering raising the company's IPO valuation to $1.5 trillion or even higher. This reflects strong investor demand for the Claude chatbot developer. Additionally, OpenAI's third-quarter revenue reached $10 billion for the first time.
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