GS on 天孚通信：We are positive on TFC Optical and raise TP to Rmb436 to reflect ：(1)rising GS estimates on global optical modules TAM (Report link), and TFC as a key OE (Optical Engine) supplier, (2) incremental revenues from CPO scale-out and scale-up optical market (Report link), and(3) gradual expansion of optical module assembly business with higher content value. Following the 7% QoQ growth in 1Q26, we expect to see sequential QoQ growth ahead on improving optics chips supply and 1.6T products ramp up. We remain constructive on TFC Optical with its capabilities of offering a total solution (optical engine, FAU, ELS, optical module assembly etc.), benefiting from the growing optical module market and incremental CPO scale-out/scale-up opportunities.

Trade stocks futures before they go public. Introducing Pre-IPO Perpetual Contracts on Binance Futures, get exposure before IPO day. First up: SpaceX (SPCXUSDT). Learn more 👉

Anita D’Souza returns in the latest episode of our #PodcastSeries#, Navigating AL Amyloidosis, to discuss individualizing treatment in AL amyloidosis, from covering prognostic biomarkers to response assessment and tailored clinical decision‑making

Ukraine’s LELÉKA has qualified for the final of the Eurovision Song Contest 2026! Ukraine remains the only country to qualify for the final every single time it has participated in the contest. The final of the Eurovision Song Contest 2026 will take place on Saturday, May 16.