Goldman Sachs and JPMorgan Chase significantly increased their holdings in InnoLight Technology's H-shares, a leading AI optical module company, with their stakes both doubling.
According to the Hong Kong Stock Exchange's disclosure of interests, as of August 3, Goldman Sachs's long position in InnoLight H-shares has risen to 12.19%, up from 5.95% on July 30 to 11.90%. JPMorgan Chase's long position as of July 31 increased from 5.60% to 13.72%. Furthermore, Goldman Sachs had previously significantly raised its target price for InnoLight A-shares to 2581 yuan, and expects the company's net profit to grow by 65%, 108%, and 119% year-on-year from 2026 to 2028, respectively, believing it will benefit from the rapid growth in demand for high-speed optical interconnects driven by expanding AI infrastructure investment. InnoLight H-shares debuted on the HKEX on July 30, and its share price rose over 3% today to HKD 1151.
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