WASION HOLDINGS (03393) rose more than 7%, gaining 7.38% to HK$14.4 by the time of writing, with a turnover of HK$15.61 million.
Recent remarks by Microsoft CEO Satya Nadella and OpenAI CEO Sam Altman highlighted that the AI industry's current challenge is not an oversupply of computing power but insufficient electricity to support all GPU operations. They warned that without rapid infrastructure development near power sources, a significant number of chips could remain idle in warehouses.
Additionally, the U.S. Energy Information Administration (EIA) forecasts record-high electricity consumption in 2025 and 2026, driven primarily by AI and data center expansion.
Zhongtai International noted in a recent report that the global rise of the AI industry is increasing power demand from data centers, boosting WASION HOLDINGS' smart power distribution business. The company has expanded its focus from traditional industries to advanced technology, creating revaluation opportunities and breaking the valuation constraints of Hong Kong's industrial sector.
Since FY24, data center clients have been driving growth in the company's smart power distribution segment. The newly operational factory in Johor Bahru, Malaysia, is expected to further support WASION HOLDINGS' overseas expansion in smart power distribution. During the factory's opening ceremony, the company signed strategic cooperation agreements on Day One to deepen collaboration in the data center sector.
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