HK Stock Market Move | Data center stocks rose GDS-SW (09698) up more than 5% and SUNEVISION (01686) up more than 4%.

Data center stocks rose in early trading. As of the time of writing, GDS-SW (09698) rose 5.44% to HK$36.04, and SUNEVISION (01686) rose 4.01% to HK$5.19. On the news front, according to reports from the Global Times cited by the media, US President Trump announced on social media on the 8th local time that the US government will allow NVIDIA to sell its H200 artificial intelligence chips to China, but will charge a certain fee for each chip. In addition, Goldman Sachs released a report stating that it has elevated the cloud and data center sub-sector to a preferred position, due to the expected continuous growth momentum in AI training and reasoning demand, as well as the multi-chip strategy of super-scale cloud service providers, positive prospects for data center order volume, expenditure expansion, and capital circulation. In the cloud and data center sector, the bank is bullish on companies like Wanguo Data.