HK Stock Market Move | KINGBOARD HLDG (00148) rose by more than 5%, AI driving the PCB industry towards prosperity, industry performance is sustainable.

KINGBOARD HLDG (00148) rose more than 5%, at the time of writing, it rose by 5.49%, to HK$18.84, with a trading volume of HK$26.2786 million. On the news front, Amazon's cloud computing department, Amazon Web Services (AWS), plans to invest at least $11 billion in the state of Georgia to expand its infrastructure and support various cloud computing and artificial intelligence technologies. Earlier, Microsoft stated that it will spend $80 billion on AI data centers in the 2025 fiscal year, confirming the high growth trend of capital expenditures in North American cloud providers in the 2025 fiscal year. CMSC pointed out that under the promotion of AI technology and applications, servers will be the fastest growing application area for PCBs. The bank believes that the current AI-driven technology innovation cycle will last longer and generate a broader market demand, with the domestic PCB industry continuously upgrading and expanding high-end capacity and laying out overseas capacity, performance release with sustainability. It is reported that KINGBOARD HLDG is a global leader in copper-clad laminates, and it has a layout across the entire PCB industry chain from raw materials upstream to downstream. In the company's 2024 interim report, the group vigorously created a copper-clad laminates R&D center equipped with high-precision equipment. The group has successfully developed various high-frequency and high-speed products that can be used in AI servers' GPU motherboards. In the future, the group will be able to meet the product needs of downstream customers comprehensively and collaborates with high-quality customers to promote the certification of the group's products by end customers.