HK Stock Market Move | CHONGQING M&E(02722) rose over 11% in early trading. Microsoft CEO openly stated that the shortage of electricity has become a new bottleneck for computing power. There is a huge demand for overseas AIDC generators.

Chongqing M&E (02722) rose more than 11% in early trading, as of the time of writing, it had risen 10.34% to HK$1.92, with a trading volume of HK$78.8599 million. On the news front, Microsoft CEO Satya Nadella, in an interview with OpenAI CEO Sam Altman, also said that the current problem facing the artificial intelligence industry is not an excess of computing power, but a lack of sufficient electricity to support all GPU operations. "In the end, the biggest problem we face now is not an excess of computing power, but electricity - or whether we can quickly build infrastructure close to the power source." Shenwan Hongyuan Group released a research report stating that according to Cummins estimates, the global data center generator market space will increase from $6 billion in 2023 to $9 billion in 2026 and $12 billion in 2030. The wave of construction of overseas AI data centers (AIDC) is earlier and much larger in scale than in the domestic market, with demand for backup power sources several times that of the domestic market. It is reported that in October 1995, CHONGQING M&E and Cummins jointly established Chongqing Cummins Engine Co., Ltd. Currently, Chongqing Cummins has become a leading domestic manufacturer of large horsepower engines.