CICC: Upgrades Wan Ke's target price to $55, expecting accelerated construction of AI data centers.

J.P. Morgan released a research report, expecting that the construction of Wanguo Data's AI data center project in China will accelerate in 2026, as domestic chip supply begins to grow rapidly, the supply of NVIDIA's H200 GPU becomes clearer, and mainland suppliers are deploying more AI applications. Based on the stronger core business and the potential value release of its equity investments, the bank raised its target price for the stock from $40 to $55, reaffirming a "hold" rating.