Zhongji Xuchuan's stock price rose by more than 12% during the trading session, Tianfu Communication's stock price rose by more than 12%, and Eoptolink's stock price rose by more than 9%. Citigroup stated that there is a potential upward trend in demand for optical modules in the industry, and that buying opportunities have increased after the stock price adjustment. Citigroup stated that it has observed that the GPU ratio of 1.6T optical modules in the VR200 NVL144 rack may increase from 1:2.5 to 1:5, which means that if suppliers can keep up with orders in a timely manner, the industry demand in 2026 may increase from 8 million to more than 20 million units. As the shortage of optical modules may intensify, the average selling price of the industry may remain flat year-on-year, which also poses another upside risk. Considering that the trend of increasing the proportion of optical modules in the ASIC/GPU accelerator cycle continues, the adjusted PE valuation of Zhongji Xuchuan and Eoptolink in 2026 of 16 times is not too high.