Overnight US stocks | GBA AI COMP (01396) rose over 9% at its peak, and cloud vendors surged after earnings announcements. The companys total order volume has surpassed 30 billion yuan.

GBA AI COMP (01396) rose by over 9%, and as of the press time before noon, it was up 4.64%, trading at HKD 11.4, with a transaction volume of HKD 61.6762 million. In terms of news, overnight, the leading AI cloud vendor in the U.S., CoreWeave, surged over 19% after its earnings report, with its second-quarter revenue hitting a record high of USD 2.6 billion, a year-on-year increase of 112%. The backlog of orders rose to USD 104 billion, and the penetration rate among enterprise clients continues to increase rapidly. During the earnings call, CEO Mike Intrator and CFO Nitin Agrawal clearly stated that AI will permeate all areas of the global economy, with a long-term continuation of the tight supply of computing power. Goldman Sachs expects that even if capital expenditures continue to rise over the next two years, the revenue growth rate of cloud service providers is still anticipated to exceed the increase in expenditures, further solidifying the long-term fundamentals of AI investments. Sealand believes that overseas CSPs and Neocloud vendors are gradually proving that large-scale capital expenditures in computing power can effectively revenue and profit. Driven by agents, the demand for inference has significant long-term growth potential, with expectations that the supply-demand tension for AI computing power in China will intensify, giving certainty to the mid-to-long-term growth logic of the computing power leasing industry, which has already entered a period of performance release benefits. Previously, GBA AI COMP announced that it received over HKD 15 billion in new orders in the first half of this year, bringing the total scale on hand to over HKD 30 billion, and cumulative delivered computing power reached nearly 50,000P (FP16 dense); it is expected that net profit for the first half of the year will be no less than HKD 240 million, reaching 3.3 times that of last year.