HK Stock Market Move | In the early morning session, KB LAMINATES (01888) rebounded more than 10% and KINGBOARD HOLDINGS (00148) rose more than 8%.

Jiantao rebounded in the early trading session. As of the time of publication, KINGBOARD HLDG (00148) rose by 7.66% to HK$5.62, while KB LAMINATES (01888) rose by 10.73% to HK$46.84. On the news front, on July 16, KINGBOARD HLDG initiated the construction of a new electronic cloth and high-performance electronic material project in Nansha, Guangzhou, focusing on the research and production of core materials for AI high-end copper-clad laminates (CCL), and aiming to build a high-end electronic information raw material supply base for the global market. After the project is fully operational, it is expected to add an annual output value of 2 billion RMB. Sinolink stated that the shipping or deployment windows of new generation chips such as NVIDIA Rubin, Groq 3 LPU, Google TPU, OpenAI Jalapeno, AWS Trainium3, and Meta MTIA are all expected to fall in the second half of 2026, and overseas computing power demand is expected to enter a concentrated outbreak phase starting from Q3. The bank pointed out that NVIDIA Rubin NVL144 cabinets have completed architectural innovation, driving the synchronous revaluation of the three major hardware sectors of cabinets, PCBs, and optical modules.