① Benefiting from a surge in demand for AI servers, Dell, one of the world's largest server manufacturers, surpassed expectations in the latest fiscal quarter. Dell's US stock surged 31%, and its share price has more than doubled in the past 12 months. ② According to the Huafu Securities Research Report, as a computing power engine, demand at home and abroad resonates, and the increase in demand for computing power will usher in a rapid increase in demand for AI servers and servers.
Benefiting from the surge in demand for AI servers, Dell, one of the world's largest server manufacturers, achieved revenue exceeding expectations in the latest fiscal quarter. Dell's chief operating officer said, “AI-optimized servers continued to grow, the number of orders increased almost 40% month-on-month, and the backlog of orders almost doubled, reaching US$2.9 billion at the end of our fiscal year.” Dell's US stock surged 31%, and its share price has more than doubled in the past 12 months.
According to the Huafu Securities Research Report, as a computing power engine, demand at home and abroad resonates. Implementation opinions of the National Development and Reform Commission and other departments on the in-depth implementation of the “East Digital and Western Computing” project to speed up the construction of a national integrated computing power network mentioned that computing power is a new type of productivity in the digital economy era, using computing power as the main line to empower economic development, give full play to the leading and driving role of national hub nodes in the national integrated computing power network, jointly promote the “East Digital West Computing” project, and build a national integrated computing power network with network scheduling. Overseas, since ChatGPT, which was released by OpenAI in 2022, brought large-scale language generation models and AI to new heights, major global tech giants have embraced AIGC. Large models usually include hundreds of millions of parameters and consume a lot of computing power. Servers are the engines of computing power, and the increase in demand for computing power will usher in a rapid increase in demand for AI servers and servers.
According to the Finance Federation's theme library, among the relevant listed companies:
Feirongda is a core supplier of server air cooling and liquid cooling. The company provides products such as heat dissipation and electromagnetic shielding to Huawei and hyperfusion service customers. It is expected to usher in multiple boom drivers such as AI computing power (liquid cooling/air cooling) and AI terminals (AI mobile phones/AIPC/MR).
The cooperation between Hongxin Electronics and Suiyuan Technology includes joint R&D and manufacturing of Suiyuan computing power boards, R&D and manufacturing of Suihong brand servers, and collaboration with domestic computing power system solutions and customer service.