HK Stock Market Move | Optical communication concept stocks lead the decline. Three major AI giants call for slowing the pace of AI development. AI hardware may face short-term pressure.
Optical communication concept stocks led the decline. As of press time, Cambridge Technology (06166) fell 5.89% to HK$113.4; Zhongji Innolight (03308) fell 5.30% to HK$1108; Time Interconnect Technology (01729) fell 3.77% to HK$17.6; Yangtze Optical Fibre and Cable (06869) fell 3.11% to HK$177.8.
Optical communication concept stocks led the decline. As of press time, Cig Shanghai (06166) fell 5.89% to HK$113.4; Zhongji Innolight (03308) fell 5.30% to HK$1,108; TIME INTERCON (01729) fell 3.77% to HK$17.6; YOFC (06869) fell 3.11% to HK$177.8.
On the news front, three major U.S. AI giantsAnthropic, OpenAI, and SpaceXAIrarely joined forces to collectively call for slowing the pace of AI development. In addition, OpenAI CEO Sam Altman said that OpenAI will not conduct an initial public offering in 2026. He stated that given the many current developments surrounding AI safety issues, now is not a suitable time to go public, and the company currently faces no pressure to list.
Zheshang pointed out that this event will put short-term pressure on AI hardware companies and large model companies. In the medium to long term, it is positive for AI application and AI terminal companies. The medium- to long-term trend of AI computing power construction (especially domestic computing power) remains unchanged. Global token usage will continue to grow explosively, rapidly increasing demand for inference computing power.
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