0705 GMT - Yangtze Optical Fibre and Cable Joint Stock, also known as YOFC, is poised to benefit from buoyant demand for AI networking products from AI data-center customers worldwide, Nomura analysts say in a research report. With hyperscale cloud and AI companies continuing to invest proactively in large-language-model training, demand for high-speed, low-latency networking products will probably stay strong in 2025, the analysts say. Given the growing trend of adopting high-speed optical and copper products for large AI data-center clusters, subsidiaries Everprotech and Broadex are likely key beneficiaries. Nomura raises the stock's rating to buy from neutral and the target price to HK$15.00 from HK$13.50. Shares are 6.8% higher at HK$13.12. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 02:05 ET (07:05 GMT)
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