HK Stock Market Move | Hongteng Precision (06088) rises more than 10%, AI connection solution upgrade opens up company's growth space.

Hongteng Precision (06088) rose more than 10%, rising to 10.36% at the time of publication, and reported 10.01 Hong Kong dollars with a trading volume of 689 million Hong Kong dollars. On the news front, overnight US stocks in the optical communication sector rose collectively, with Marvell Technology skyrocketing more than 32%. Marvell Technology CEO Matt Murphy stated that after the explosive growth in demand for computing power and storage business, data center connectivity is becoming the next major bottleneck for AI growth. In response, NVIDIA CEO Huang Renxun stated that the entire industry must heavily rely on advanced interconnect technology, which is why Marvell is so important. Huang Renxun said that Marvell will become the next trillion-dollar company. He also mentioned that copper cables will still be heavily used in the next 5 to 10 years, along with a large number of optical devices. Caitong's previous research reports pointed out that Hongteng Precision, with its high-speed interconnect, liquid cooling, high-power connectors, and optical module AI full-scene connectivity solutions, is deeply integrated into the global AI computing industry ecosystem. The company showcased multiple innovative products at the NVIDIA GTC and OFC exhibitions, receiving high market recognition and positive feedback. The company is transitioning from a single-component supplier to a system-level solution provider, with a continuous increase in the value and gross profit margin of its products, further expanding its growth space.