The Zhitong Finance App learned that AI hardware stocks rebounded in the afternoon, and Zhongji Xuchuang once rose more than 6%. As of press release, GigaYi Innovation (03986) rose 6.12% to HK$339.80; Jingwang Electronics (03228) rose 4.23% to HK$61; Zhongji Innotech (03308) rose 3.31% to HK$748.00; and Jiantao Laminate (01888) rose 2.66% to HK$37.8.
According to the news, on the afternoon of October 23, technology companies such as Zhongji Xuchuang, Xinyisheng, and Tianfu Communications issued recent production and operation announcements to stabilize market confidence. Zhongji Xuchuang said that at present, the company's production and operation are all normal, the supply chain is stable, capacity utilization is sufficient, and customer order demand is strong. Downstream demand remains high, and the company is full of on-hand orders. According to Tianfu Communications, the industry is currently booming, and the optical interconnection industry will generally be in a stage of rapid development for some time to come against the backdrop of continued construction of AI computing power infrastructure.
Recently, as market concerns about the AI boom have become more intense, global technology stocks have been under considerable selling pressure. J.P. Morgan Chase told customers in the latest research report that the recent sell-off in AI-related stocks may be nearing its end. In response to market concerns about the stability of the new cloud capital chain, Xiaomo believes that even if the financing model of such companies is unsustainable, the AI capital expenditure cycle will not be interrupted.