Chinese Computing-Power Hardware Stocks Extend Decline; Victory Giant, Eoptolink, TFC Fall Over 10%

The breadth of the move — optical modules and PCB names falling together rather than one segment cracking — points to a sector-wide repricing of computing-power hardware exposure rather than company-specific news. These are the component suppliers tied to AI datacenter buildout, so the selloff signals that expectations for that demand chain are being marked down. Whether the weakness stays concentrated in these suppliers or spreads to adjacent hardware segments is the open question worth watching.