On June 12, FIT Hon Teng rose 3.01% in regular trading to HK$7.44, with turnover of HK$108 million. The rebound follows consecutive sessions of heavy selling triggered by a SemiAnalysis report claiming CPO mass production could be delayed to 2028-2029, which had dragged the stock down sharply from its June 3 highs.

NVIDIA network Senior Vice President Gilad Shainer publicly refuted SemiAnalysis at the Taipei GTC/Computex event, confirming CPO switch delivery remains on schedule for H2 this year with initial shipments targeting hyperscale customers, followed by gradual capacity expansion into next year. He emphasized CPO and traditional pluggable modules will coexist long-term, dismissing concerns of a technology roadmap collapse.

The broader Electronic Components sector showed recovery, with Sunny Optical up 4.3%, Lens Technology up 4.44%, and VGT up 5.07%. FIT Hon Teng had previously surged over 10% on June 3 after parent Foxconn secured a major NVIDIA CPO switch cabinet order with shipment targets raised from 10,000 to 50,000 units, but subsequently declined amid valuation pressure at approximately 47-55x P/E, chairman share sales, and the SemiAnalysis-induced sector selloff.

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