Understanding the Market | KARRIE INT'L rises nearly 14%, doubling its stock price this month. The company previously stated that it is actively in talks with NVIDIA
KARRIE INT'L's stock price rose nearly 14% again, doubling within the month, currently reported at HKD 1.92, with a trading volume of HKD 23.709 million. Goldman Sachs released a research report, predicting that the global AI server market size will reach USD 581 billion by 2029. The company is in talks with NVIDIA to seek certification, which, if successful, will attract more AI clients. The company's annual performance as of the end of March showed revenue of HKD 3.231 billion, a year-on-year increase of 11%; net profit of HKD 204 million, a year-on-year increase of 21%
According to Zhitong Finance APP, KARRIE INT'L (01050) has risen nearly 14% again, doubling its stock price within the month. As of the time of writing, it has increased by 11.63%, trading at HKD 1.92, with a transaction volume of HKD 23.709 million.
In terms of news, Goldman Sachs recently released a research report, citing the latest data from the industry research firm 650 Group, which has made significant updates to the market outlook for AI data center equipment. According to 650 Group's latest forecast, the global AI server market size is expected to reach approximately USD 581 billion by 2029, up from the previous forecast of USD 386 billion. This means that the annual forecast for 2025 to 2029 has been raised by about 40% on average.
It is reported that KARRIE INT'L's assistant chairman, He Weihuan, stated in July this year that the group is actively engaging with NVIDIA and has provided the H300MGX sample to NVIDIA to seek certification, aiming to be included in its certified procurement list. He Weihuan believes that if they successfully enter NVIDIA's supplier list, more artificial intelligence or big data center companies will become potential customers for the company. The company previously announced its annual performance for the year ending in March this year, with total revenue of HKD 3.231 billion, a year-on-year increase of 11%; net profit of HKD 204 million, a year-on-year increase of 21%. The annual growth was mainly driven by the rapid expansion of generative artificial intelligence applications, significantly boosting global demand for high-performance servers
