economy
Shares in Chinese AI darlings slide on US ban fears
Zhongji Innolight and Eoptolink hit by report that Washington is drafting ban on optical transceivers
TL;DR
- Zhongji Innolight and Eoptolink's shares fell due to a report about a potential US ban.
- The ban is reportedly being drafted by Washington and targets optical transceivers.
- The news has caused significant stock price drops for these Chinese AI-related companies.