CITIC Securities: AI drives the simultaneous increase in the quantity and price of optical fibers, focusing on the new opportunities of hollow core optical fibers.

Citic Securities research report stated that with the increasing demand for AI-driven data center interconnection, the optical fiber industry is accelerating its evolution, and overseas giants such as Microsoft are speeding up the layout of hollow core fiber optics, optimistic about its technological standardization driving the continuous implementation of large-scale applications. In addition, combined with Corning's second quarter financial report for 2025, the rapid growth in demand for optical communication interconnection in data centers is expected, and the long-term trend of "optical replacing copper" remains unchanged, with the potential for accelerated volume growth in multimode optical fiber.