智通财经APP获悉，光通信概念股继续走低，截至发稿，俊知集团(01300)跌5.96%，报4.42港元；汇聚科技(01729)跌5.03%，报15.66港元；剑桥科技(06166)跌3.05%，报117.9港元；长飞光纤光缆(06869)跌2.59%，报225.4港元。
消息面上，AI产业链明星分析机构SemiAnalysis最新发布的一篇报告称，800VDC与CPO落地时间都将延后。在CPO量产进程方面，报告认为2027年出货量将显著低于市场此前的乐观预测，规模化量产时间点可能延后至2028年甚至2029年。
值得注意的是，近期关于AI业绩、资本开支结构及流动性的质疑集中发酵。市场预计，科技行业未来数年可能需要发行高达1.5万亿美元新债以融资AI基础设施，且部分云计算平台的自由现金流正在骤降。此外，美联储紧缩预期快速抬升，将直接挤压债务可持续性、成长股估值及AI板块高杠杆风险。
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