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Aug 4 at 11:01 AM
AI suppliers just surged. Now a proposed U.S. ban on Chinese optical modules adds a policy shock to the $1 trillion trade.
CoreWeave, AAOI, AXT and Nebius rose 11%–19%, but Goldman said the buying was driven almost entirely by short covering. Reuters now reports that Washington is drafting a ban on new Chinese optical transceivers for data centers, putting Innolight under pressure and forcing a rethink of U.S. suppliers and cloud costs.
As of 6:04 PM Beijing time, AXTI was up 6.74% pre-market and AAOI 5.16%. Tonight brings AMD and SpaceX earnings; SNDK, WDC and AAOI follow this week, alongside U.S. payrolls and China CPI.
Related stocks: $Coreweave(CRWV.US)$Applied Optoelectronics(AAOI.US)$AXT(AXTI.US)$Nebius(NBIS.US)$Coherent Corp.(COHR.US)$Lumentum(LITE.US)$Amazon(AMZN.US)$Micron Tech(MU.US)$Microsoft(MSFT.US)$Sandisk(SNDK.US)$Western Digital(WDC.US)$AMD(AMD.US)
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