JPMorgan cuts stake in Zhongji Innolight H shares to 13.67%

The reduction by a major institutional holder signals a shift in positioning within the optical module sector, a key supplier to AI infrastructure. The move could reflect portfolio rebalancing or a more cautious view on valuation after a strong run, though the stake remains substantial. For market watchers, the question is whether this is an isolated adjustment or the start of broader institutional profit-taking in the AI hardware supply chain. The next earnings or capacity announcements from Zhongji Innolight may clarify if fundamentals justify the retained exposure.