Changes in Hong Kong stocks | Long-term trends in the AI hardware industry still support Xizhi Technology-P (01879) and Dongshan Precision (02384) both rose more than 7%

The Zhitong Finance App learned that Hong Kong AI hardware stocks rebounded this morning. As of press release, Xizhi Technology-P (01879) rose 7.71% to HK$149.5; Dongshan Precision (02384) rose 7.26% to HK$81.3; Changfei Optical Fiber Cable (06869) rose 6.1% to HK$91.3; Cambridge Technology (06166) rose 4.23% to HK$54.3; Shenghong Technology (02476) rose 4.98% to HK$113.8.

According to the news, US stocks rebounded last Friday, driven by a sharp decline in chip stocks, and the Philadelphia Semiconductor Index surged 4.2%. Earlier, after the US midterm elections, the Democratic Party won several state-level elections, raising market concerns that the data center construction policy environment may become tighter. In response to market adjustments, Dongfang Harbor Chairman Dan Bin responded on social platforms that the sharp drop in US stocks on Thursday “was a phased shock, but I think the probability of judging the end of the AI era is extremely small.” US President Trump said he supports artificial intelligence 100%.

Dongwu Securities believes that recent adjustments in optical modules, PCBs, and upstream component standards are also at the level of market transactions and expectations. Pessimistic expectations have been fully reflected and should not be included in the industry's supply-side narrative. The bank has observed positive signals that the 26Q4 PCB sector is benefiting from batch delivery of the new platform, and the month-on-month performance is expected to continue to improve. The delivery of upstream optical communication passive devices is still tight, and optical module manufacturers are also expected to continue to perform well. There may be a certain difference in expectations between marginal catalysis on the industrial side and current market expectations.