Changes in Hong Kong stocks | The optical communications sector continued to decline yesterday Cambridge Technology (06166) and Changfei Optical Cable (06869) both fell by more than 4%

The Zhitong Finance App learned that the optical communications sector continued to decline yesterday. As of press release, Cambridge Technology (06166) fell 4.73% to HK$80.65; Changfei Optical Cable (06869) fell 4.49% to HK$40.38; Huiju Technology (01729) fell 4.3% to HK$16.26; and Hongte Precision (06088) fell 2.61% to HK$5.22.

According to the news, Oracle announced the results for the second fiscal quarter of fiscal year 2026. According to the data, the company's free cash flow was -10 billion US dollars, far lower than market expectations, while capital expenditure surged 41% month-on-month to 12 billion US dollars. Oracle executives revealed in a conference call that capital expenditure for the 2026 fiscal year is expected to rise to 50 billion US dollars, an increase of 15 billion US dollars over the previous forecast. According to Intercontinental Exchange data, Oracle's five-year credit default swap has climbed to its highest level since 2009.

Notably, there are reports that according to people familiar with the matter, Oracle has postponed the completion dates for some of its data centers prepared for OpenAI from 2027 to 2028. An Oracle spokesperson later clarified: “The site selection and delivery schedule for the relevant site were closely negotiated and jointly determined after signing the agreement with OpenAI. Currently, there are no delays at all sites required to meet contractual commitments, and all milestones are progressing as planned.”