Understanding the Market | GBA AI COMP rose over 9% at its peak, with overnight US cloud vendors surging after earnings, and the company's total order scale exceeding 30 billion yuan
GBA AI COMP's stock price rose by more than 9%. The company's fundamentals were boosted by the significant performance increase of the U.S. AI cloud vendor CoreWeave and the positive long-term outlook from Goldman Sachs and Guohai Securities. Previous announcements indicated that the company added over 15 billion yuan in new orders in the first half of the year, with a total scale exceeding 30 billion yuan and cumulative computing power delivered nearing 50,000P; it is expected that the net profit for the first half of the year will not be less than 240 million yuan, which is 3.3 times that of the entire last year
According to Zhitong Finance APP, GBA AI COMP (01396) rose more than 9% at its peak, and as of the time of this report before noon, it was up 4.64%, trading at HKD 11.4, with a transaction volume of HKD 61.6762 million.
In terms of news, overnight, U.S. AI cloud vendor leader CoreWeave surged over 19% after its earnings report, with the company's second-quarter revenue reaching a historical high of USD 2.6 billion, a year-on-year increase of 112%; the backlog of orders climbed to USD 104 billion, and the penetration rate among enterprise customers continued to rise rapidly. During the earnings call, CEO Mike Intrator and CFO Nitin Agrawal clearly stated that AI will penetrate all areas of the global economy, and the shortage of computing power will persist in the long term. Goldman Sachs expects that even if capital expenditures continue to rise over the next two years, the revenue growth rate of cloud service providers is still expected to exceed the growth rate of expenditures, further consolidating the long-term fundamentals of AI investment.
Guohai Securities believes that overseas CSPs and Neocloud vendors are gradually validating that large-scale capital expenditures on computing power can effectively translate into revenue and profits. Driven by agents, the demand for inference has long-term growth potential. It is expected that the supply-demand tension for AI computing power in China will intensify, and the long-term growth logic of the computing power leasing industry is relatively certain, having entered a period of performance release dividends. Previously, GBA AI COMP announced that it added over RMB 15 billion in new orders in the first half of this year, with a total backlog exceeding RMB 30 billion and a cumulative delivery of nearly 50,000 P (FP16 dense); it is expected that the net profit for the first half of the year will not be less than RMB 240 million, reaching 3.3 times that of last year
