China**: The brightest "light" in the AI wave - CPO, the core leader is expected to usher in a reversal!
The message looks on the surface:
Optical transceivers: OpenAI Ultraman plans to raise funds to increase global chip production capacity to support AI performance; The optical communication industry continues to accelerate, and the overall cake is getting bigger.
The fourth artificial intelligence is the general trend of the future, optical modules are an important industrial link in the artificial intelligence industry chain, and the world's well-known manufacturers such as NVIDIA, Amazon, and Google are vigorously deploying.
The demand for optical modules will increase significantly, and 400G and 800G optical modules are the mainstream, and it is expected that 600,000 800G optical modules will be required in 2023, 1.8 million will be actually needed, and 900-10 million will be expected in 2024.
The technology upgrade and upgrading are mainly to improve the speed of large model training and reduce the dependence of optical modules on high-value chips. Major domestic optical module manufacturers have strong core competitiveness.
From a technical point of view:Since June last year, the CPO sector has begun to adjust, with a maximum ** range of up to 55%.
However, since November, the core of the sector has stabilized, especially in the context of extreme panic in market sentiment and large indices and sectors, the important ** of the sector has remained slow.
At present, the valuations of mainstream companies in the CPO sector are mostly around 20 times PE. Although the valuation of the sector fluctuates greatly, with the continuous expansion of AI application scenarios, its valuation is expected to climb to 50 times PE, and its potential should not be underestimated.
In this fierce competition, the following three companies stand out by virtue of their leading technical strength and strong market position, and have become the "three leaders" in the field of optical modules
1, Taichenguang
A high-tech enterprise engaged in the R&D, production and sales of optical devices, the company has the ability to integrate packaging and packaging of optical components and their components, optical transceiver systems, etc., and has experience in overall optical interconnection solutions.
2. New Yisheng
As a leading provider of optical transceiver solutions and services, the company has been deeply involved in the market competition of silicon photonic transceivers, coherent optical transceivers and silicon photonic chip technologies.
3. The hermit is the most optimistic about a big cow!
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1. The company is mainly engaged in the development and manufacture of optoelectronic devices in the field of optical communication, and the share of the access market has been significantly improved, and the ability to win orders overseas has gradually improved.
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2. The company has a high domestic market share, comprehensive product coverage, and ranks among the top five in the global data communication optical module market, and its 100G, 200G, and 400G products lead in the domestic Internet market shipments.
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Third, the current adjustment is sufficient, the company's total market value is moderate, the retracement from the high point is more than 70%, the bottom volume is broken, the funds are favored, and the bottom is nearly 1 billion yuan.
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Fourth, from a technical point of view, a yang wears a lot of even, the chips are concentrated, ushering in a strong golden cross on the monthly line, and a new round of main rise is imminent.
Risk Warning: The views mentioned in this article only represent personal opinions, and the subject matter involved is not recommended. ##