HK Stock Market Move | Rising nearly 5%, KINGBOARD HLDG (00148) driven by the explosion of AI demand, pushing up the value of PCB. The company is a mainstream supplier in the industry.

KINGBOARD HLDG (00148) rose nearly 5%, as of the time of writing, it rose 4.34% to HK$27.86, with a turnover of HK$62.02 million. On the news front, according to the latest market forecast, NVIDIA's GB300 AI server cabinet is expected to reach a shipment volume of 55,000 units next year, a year-on-year increase of 129%. Of particular interest, the next generation Vera Rubin 200 platform is expected to begin shipping in the fourth quarter of next year. Earlier, at the end of October's GTC conference, Huang Renxun publicly showcased the Vera Rubin super chip for the first time, featuring a CPU codenamed Vera and two large Rubin GPUs. In the Rubin Ultra NVL576's Kyber architecture, orthogonal backplane technology will be applied, with multi-layer PCB boards replacing copper cables to directly connect Switchtray, Midplane, and CX9/CPX. Xiangcai Securities believes that the massive capital expenditure plans of AI and Internet giants will drive the continuous expansion of computing power clusters. In the new generation of server structures, the replacement of copper cables by PCBs and the upgrade of PCB materials will significantly increase the value of a single server's PCB. It is reported that KINGBOARD HLDG is a mainstream supplier in the domestic PCB field, relying on vertical integration of the "chemical raw materials - copper foil - PCB" entire industry chain, with PCB business covering single/double/multi-layer and HDI and other full categories.