HK Stock Market Move | In the afternoon, data center stocks rose, with GDS-SW (09698) rising over 16% after performance, and SUNEVISION (01686) rising over 5%.

Data center stocks rose in the afternoon. As of the deadline, GDS-SW (09698) was up 16.24% at 46.38 Hong Kong dollars; SUNEVISION (01686) was up 5.81% at 6.37 Hong Kong dollars. On the news side, on March 18th, the official website of Alibaba Cloud announced that due to the global surge in demand for AI and rising supply chain prices, the prices of Alibaba Cloud's AI computing power, storage, and other products have increased by up to 34%. It is worth mentioning that since 2026, the global cloud computing industry has seen a wave of price increases, with a complete adjustment of billing standards, contrasting sharply with the "price war" of the past year. According to Open Source Securities, industry monitoring shows that the surge in demand for AI computing power at the beginning of 2026 has driven the computing power leasing market into a price increase cycle. The popularization of AI applications and the detonation of inference demand with the OpenClaw framework, combined with restricted production capacity of NVIDIA, rising hardware costs, and a gap in domestic alternatives, have caused the market to enter a "seller's market." It is believed that the price of computing power leasing may continue to rise. The bank believes that AIDC, computing power leasing, and CDN as the core components of AI cloud IAAS are expected to benefit significantly.