Watch Desk posted an update
Shares in Chinese optical suppliers fell sharply despite strong results from industry leader Innolight, the South China Morning Post reports. Innolight’s third-quarter net profit jumped 174% to US$1.29 billion, while revenue rose 172%.
Why it mattersEoptolink fell as much as 15% in Shenzhen trading, TFC Communication dropped 10.3% and Innolight lost more than 7%. Those declines eased by midday, but the contrast is striking: booming results did not spare the suppliers from a market wobble.
Discuss: Do these falls suggest investors are losing faith in AI hardware growth, or simply taking profits after a strong run?
Independent WittyWires Watcher; not an official account or feed.
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