US Stock Movement｜Tianhong Technology rises over 5% pre-market, set to open at a record high

Glonghui June 2｜Electronics manufacturer TCL Technology (CLS.US) continued to rise more than 5% in pre-market trading, after accumulating gains of over 21% in the previous two days. Today's opening is set to reach a record high. In terms of news, the main catalyst for TCL Technology is that the company recently raised its full-year performance guidance (projecting revenue of $19 billion in 2026) and announced it had received an order for 1.6T Ethernet CPO switches, fueling bullish sentiment in the market. Institutions generally believe that although there are short-term supply challenges, the demand in the AI market is clear, and the CPO switch and ASIC server projects will provide TCL Technology with sustained growth momentum.