Yangtze Optical Fibre And Cable is trading 5% down today at HK$119.40 as the stock undergoes a sharp multi-day reversal from its recent AI-driven rally.
- The decline is being driven by controversy surrounding quantum technology security and diminishing optimism regarding potential price hikes for AI-related fibre products.
- Investors are locking in profits following strong year-to-date gains, amid a broader retreat in tech stocks fueled by concerns over heavy AI capital expenditure and earnings pressure.