[Featured stocks] Fiber optic stocks surged in early trading due to assessment of ‘excessive data center concerns’

As expectations for the development of artificial intelligence (AI) data centers (DC), which had dwindled after the U.S. midterm elections, are reviving, optical communications stocks, one of the beneficiary stocks, are soaring in the early trading on the 10th.

At 9:55 am on this day, RFHIC [218410] is trading at 49,550 won on the KOSDAQ, up 16.73%.

Korea Optical Communication [010170] and Light & Electronics [069540] are also rising by 7% and 5%, respectively.

As large global investment banks expressed the opinion that concerns about AIDC regulation were excessive, expectations recovered and optical communications stocks in the U.S. appear to have risen significantly.

Last night, the stock price of Coherent, a U.S. optical communications component company, rose 16%, while Sienna and Lumentum each rose 10%.

Regarding this, Mirae Asset Securities Managing Director Seo Sang-young said, "Morgan Stanley, UBS, Jefferies, etc. have evaluated concerns about a decline in AI investment due to data center regulations as excessive," and added, "Semiconductor equipment stocks and optical communication stocks rose in the New York Stock Exchange due to easing concerns about a decline in AI investment and expectations of continued facility investment."

In particular, he explained, “The fact that Morgan Stanley presented optical communications as a major beneficiary industry of the AI ​​investment cycle also had an impact.”