Market Insights | YOFC's fiber optic cable surged over 18% intraday, Lumen secured a $5 billion AI-related product order, and overnight US stocks rose by 90%

YOFC's A-shares and H-shares both saw an increase of over 18% during the trading session. In the US stock market, fiber optic stock Lumen Technologies surged by 93% and secured a $5 billion AI-related product order. Additionally, the company reached an agreement with Corning to supply a large amount of next-generation optical cables, providing huge capacity for cloud data centers. Microsoft announced a collaboration with the company, where Lumen's private connection architecture will link to the growing data centers. The development of AI data centers has driven the demand for interconnection between data centers, benefiting optical cables and more. While the construction of traditional communication networks by the three major domestic operators is mature, more efforts are needed for the construction of DCI direct connections