5 August 2026 at 2:01 pm
Summary
Shares of Sterlite Technologies and HFCL surged 5% each following reports that the US government is contemplating restrictions on Chinese data centre equipment imports, which could affect optical transceivers used in AI infrastructure. HFCL's planned capacity expansion in optical fibre and cable manufacturing is also highlighted due to increasing demand from AI, data centres, and telecom networks.
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