Optical Communication Market ICC Index month-on-month growth of 4.02% in February

End of February 23，2024. The Optical Communication Market ICC Index is 223.64 as compared to 214.99 for the end of January increase of 8.65 points.The overall market showed a growth trend in February.Nvidia reported blowout results in February, which spurred substantial growth in the stock indices of chip manufacturers. The launch of Sora once again ignited the tech community, as AI is reshaping the world at an unprecedented pace, leading to increased share prices for related businesses. According to ICC records, the stock indices for chip manufacturers grew by 20.94% in February. With foreign companies entering the phase of releasing their fourth quarter performance results, the majority of inventory along the supply chain had gradually cleared out by the end of 2023, resulting in a significant slowdown in overall capacity expansion. In summary, Optical Communication Market ICC Index demonstrated a growth trend during the month of February.

By region,the Optical Communication Market of China Index calculated by ICC was 67.62, an increase of 1.98% compares to last month. The Optical Communication Market excluding China Index was 258.66, up 3.62% from the last month. On the whole, the Optical Communication Market of China Index changes gently, while Optical Communication Market excluding China Index shows an increasing trend.

 By segment,the internet operator stock index recorded by ICC was 138.43, compared to last month’s index of 136.57 increase of 1.36%。The Telecom operator index was 90.87, down 1.3% compared with last month. The equipment vendor index was reported at 107.17, down 5.08% compared with last month. The component index was 221.31, increase 0.19% compared with last month.In February, there was strong demand for high-speed optical modules from Coherent. Lumentum expects to ship 200GEML in the second half of 2024 Financial. Coherent released its Fiscal Second Quarter 2024 financial report, revealing that the company has received ample orders for optical modules related to AI/ML for three consecutive quarters, with revenues from 800G products growing more than 100% on a sequential basis. Lumentum cautiously forecasts achieving at least $750 million in AI network revenue by 2025.

The chip vendor index reached 598.57, month-on-month growth of 20.94% compared to 494.95 in the last month. NVIDIA's outstanding performance contributed significantly to this growth; Since the end of 2022, NVIDIA's stock price nearly quintupled. It's noteworthy that starting from December 2023, the chip vendor stock index statistics included seven newly listed companies: ADI, Marvell, Microchip, NVIDIA, NXP, Semtech, and Shijia Photons Technology. As such, the index differs from earlier readings due to this inclusion.

 Finally, the Optical fibe cable vendor index was 120.98, increase 9.17% compared with last month.

 End of February 23，2024.The Shanghai Composite Index rose by 3.25% compared to the last month, the Shenzhen Component Index increased by 3.15%. Over the same period, the Dow Jones Industrial Average grew by 2.65%, and the S&P 500 Index in the United States increase 4.03% compared to the last month.

 Instructions:

1. The stock price change data comes from investing.com.

2. Due to the different listing locations, the currency units of stock price and market value are not consistent, and finally they are unified into US dollars.

3. The market value of a company listed in multiple places shall be the market value of the listed place where the company is located.

4. Shares Outstanding (Shares outstanding is taken from the most recently filed quarterly or annual report and Market Cap is calculated using shares outstanding.).

5. Simple stock index calculation: total market value/total share capital.

6. The Optical Communication Market ICC Index, using the data in January 2018 as the base 100, calculates the weekly stock price changes of various optical communication industry chains (a total of more than 100 communication related enterprises at home and abroad).