On July 3, Sunny Optical Technology rose 4.39% in regular trading, trading at 61.55 HKD/share, with turnover of HKD 361 million. The stock continues its rebound from a steep correction that saw shares plunge over 20% between June 25 and 29.

The prior selloff was triggered by Apple confirming product price hikes amid AI-driven memory chip shortages, which battered mobile supply chain sentiment. However, JPMorgan recently published a research note clarifying that Apple's price increases only affect Mac and iPad product lines, with iPhone pricing unchanged. The brokerage characterized the market's broad pessimism toward Apple supply chain stocks as an overreaction.

Additionally, the company's Investor Day disclosures regarding its Optics plus AI strategic roadmap and confirmation that optical interconnect products have entered customer validation provide medium-term catalysts. With short-term selling pressure largely exhausted, valuations have found support, driving the continued recovery in share price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)