The agency said that with the general trend of artificial intelligence development, computing power has once again become the clearest direction, and demand is expected to continue to be booming.
The Financial Services Association, April 26, reported that today's computing power concept sector surged. As of the midday close, Senyuan shares rose 20%; Maixinlin and Tongniu Information rose more than 15%; Zhongji Xuchuang and Yakang shares rose more than 12%; IFF rose and stopped, with more than 270,000 blocked orders. By the midday close, it closed at 24.41 yuan/share, with a market value of 484.9 billion yuan.
According to the news, yesterday, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Communications Administration issued the “Beijing Computing Infrastructure Implementation Plan (2024-2027)”, which supports enterprises that purchase autonomous and controllable GPU chips to carry out intelligent computing power services according to a certain percentage of the investment amount to accelerate the autonomous and controllable supply of intelligent computing resources. Support is given to existing data centers that take the initiative to carry out green energy saving transformation according to a certain percentage of the investment amount. Improve the effectiveness of AI computing power voucher policies, encourage enterprises to make good use of intelligent computing power resources, and accelerate the application of large models to empower industry applications.
The planning goals of the “Beijing Computing Infrastructure Construction Implementation Plan” also suggest that the PUE value for the construction and expansion of intelligent computing centers should not exceed 1.25, and that the PUE value of all existing data centers will not be higher than 1.35 by the end of the planning period to promote the upgrading and transformation of existing data centers.
CITIC Securities pointed out in a research report released today that the “Plan” issued by Beijing proposes that the PUE value for the construction and expansion of intelligent computing centers should not exceed 1.25, promote the upgrading of existing data centers, and that the PUE value of all existing data centers will not be higher than 1.35 by the end of the planning period. Lowering the PUE value will drive the penetration rate of liquid cooling technology. In liquid cooling technology, cold plate liquid cooling technology forms a balance between performance and cost, and is the best heat dissipation solution at this stage. It is recommended to focus on investment opportunities in liquid cooling systems and their core components.
Many institutions have expressed optimism about investment opportunities in the computing power sector. Minsheng Securities believes that the development of artificial intelligence is the general trend, and demand for computing power is expected to continue to be high. CITIC Construction Investment, on the other hand, is optimistic about investment opportunities in the domestic computing power industry chain.
Minsheng Securities said that with the general trend of artificial intelligence development, computing power has once again become the clearest direction, and demand is expected to continue to be booming. Domestic computing power leaders, represented by Shengteng, continue to improve their capabilities and continue to refine their products, ecology, etc., which is expected to lead the rise of domestic AI computing power. At the same time, benefiting from the accelerated development of artificial intelligence, computing power construction is expected to continue to be upgraded, and the entire industry chain is expected to benefit.
CITIC Construction Investment said that at present, all three major domestic operators have begun procurement of training AI servers, and it is expected that they will also tender for inference AI servers in the future. It is recommended to focus on the domestic computing power industry chain.
It is worth mentioning that overseas cloud vendor giants Google and Microsoft both exceeded market expectations, and the sharp rise in the stock prices of the two tech giants after the market also had a certain effect on the bullish sentiment of A-share technology stocks.
Google's parent company Alphabet handed over a satisfactory first-quarter results questionnaire. Financial reports showed that Alphabet achieved revenue of US$80.539 billion in the first quarter, an increase of 15% over the previous year, higher than analysts' expectations of US$78.57 billion. It was the fastest growing quarter of the company's revenue since the beginning of 2022. By business, the performance of Google's core advertising business and cloud business both exceeded expectations. The parent company's revenue growth rate in the first quarter hit a two-year high, and Google's US stock surged more than 11% after the market.
Furthermore, as the company with the highest market capitalization in the world, tech giant Microsoft continues to gain momentum after entering 2024. After the market on April 25, local time, Microsoft announced results for the third fiscal quarter of the 2024 fiscal year ending March 31, 2024. Microsoft's total quarterly revenue increased 17% year over year, net profit reached US$21.94 billion, and adjusted earnings per share reached US$2.94, higher than market expectations of US$2.82. Microsoft's latest strong earnings report has scattered much of the cloud surrounding artificial intelligence. After the US stock market on Thursday, Microsoft's stock price also rose by more than 4% due to optimistic performance.