From September 9 to 11, #光通信股集体上涨逾3% 2026.
On the morning of September 9, the A-share market resumed its “resurgence,” with companies such as “Yizhongtian” (Yi Zhongtian) — InnoLight (中际旭创), NeoPhotonics (新易盛), and Tianfu Communications (天孚通信) — collectively trending upward. The trillion-yuan CPO leader, HG Tech (华工科技), opened and immediately hit the daily limit.
Against a backdrop of broad market weakness on September 11, the sector strengthened against the trend: MINGPU Optics (铭普光磁) and Opto-Electronics (光电股份) both hit the daily limit. InnoLight rose 4.03%, and NeoPhotonics gained 2.94%.
① Bad news fully cleared — the FCC “sword” landed. On September 11 (local time), the U.S. FCC’s new rules were officially published. Optical module products were not directly listed in the restriction名单; Chinese companies such as InnoLight and NeoPhotonics were not directly included. Earlier rumors of an “import ban” were hanging overhead as a tail risk; now that risk has not materialized, making this a typical case of expectation repair.
② Goldman Sachs significantly upgraded industry forecasts. Its report expects the global optical module market to reach US$67.7 billion (2026), US$131.4 billion (2027), and US$148.5 billion (2028), up 33% to 115% from the prior outlook. This triggered a “re-pricing” of global capital in optical communications.
③ Overseas mega-orders are being realized in clusters. Corning (GLW) signed continuous multi-billion-dollar long-term fiber orders with Verizon through 2032. Qualcomm, together with Amazon, is developing an optical interconnect solution up to 1.6T.
④ Policy + exhibition catalysts. The Ministry of Industry and Information Technology’s “15th Five-Year Plan” deployment includes 1.6Tb/s optical transmission; at the CIOE Optics Expo (September 9–11, Shenzhen), cutting-edge solutions such as 1.6T and CPO/NPO are showcased intensively.
U.S. stocks: Lumentum (LITE) 📈, Coherent (COHR) 📈 (on September 9 they rose by more than 11% and 7%, respectively);
Korean stocks: DAEHAN Optical 📈, Woori RO 📈 (catalyzed in part by NVIDIA’s statements earlier this year; some gains exceed 600%).
Long term 📈, short term 📉 (cautious). In the long run, demand will be driven by the ramp-up of 800G, the introduction of 1.6T, and AI compute-related capital expenditures, implying strong certainty in market conditions. However, in the short term the sector’s valuations are already at historical highs; Korean individual stocks’ price-to-book ratios are far above the market average, and high-expected targets lacking earnings support can swing violently. On top of that, an external variable— the Fed’s September policy meeting (September 15–16) — is approaching, so chasing after rallies requires strict stop-loss discipline.
$COHR
$LITE
$SAMSUNG
On the morning of September 9, the A-share market resumed its “resurgence,” with companies such as “Yizhongtian” (Yi Zhongtian) — InnoLight (中际旭创), NeoPhotonics (新易盛), and Tianfu Communications (天孚通信) — collectively trending upward. The trillion-yuan CPO leader, HG Tech (华工科技), opened and immediately hit the daily limit.
Against a backdrop of broad market weakness on September 11, the sector strengthened against the trend: MINGPU Optics (铭普光磁) and Opto-Electronics (光电股份) both hit the daily limit. InnoLight rose 4.03%, and NeoPhotonics gained 2.94%.
① Bad news fully cleared — the FCC “sword” landed. On September 11 (local time), the U.S. FCC’s new rules were officially published. Optical module products were not directly listed in the restriction名单; Chinese companies such as InnoLight and NeoPhotonics were not directly included. Earlier rumors of an “import ban” were hanging overhead as a tail risk; now that risk has not materialized, making this a typical case of expectation repair.
② Goldman Sachs significantly upgraded industry forecasts. Its report expects the global optical module market to reach US$67.7 billion (2026), US$131.4 billion (2027), and US$148.5 billion (2028), up 33% to 115% from the prior outlook. This triggered a “re-pricing” of global capital in optical communications.
③ Overseas mega-orders are being realized in clusters. Corning (GLW) signed continuous multi-billion-dollar long-term fiber orders with Verizon through 2032. Qualcomm, together with Amazon, is developing an optical interconnect solution up to 1.6T.
④ Policy + exhibition catalysts. The Ministry of Industry and Information Technology’s “15th Five-Year Plan” deployment includes 1.6Tb/s optical transmission; at the CIOE Optics Expo (September 9–11, Shenzhen), cutting-edge solutions such as 1.6T and CPO/NPO are showcased intensively.
U.S. stocks: Lumentum (LITE) 📈, Coherent (COHR) 📈 (on September 9 they rose by more than 11% and 7%, respectively);
Korean stocks: DAEHAN Optical 📈, Woori RO 📈 (catalyzed in part by NVIDIA’s statements earlier this year; some gains exceed 600%).
Long term 📈, short term 📉 (cautious). In the long run, demand will be driven by the ramp-up of 800G, the introduction of 1.6T, and AI compute-related capital expenditures, implying strong certainty in market conditions. However, in the short term the sector’s valuations are already at historical highs; Korean individual stocks’ price-to-book ratios are far above the market average, and high-expected targets lacking earnings support can swing violently. On top of that, an external variable— the Fed’s September policy meeting (September 15–16) — is approaching, so chasing after rallies requires strict stop-loss discipline.
$COHR
$LITE
$SAMSUNG