Shares of GD-HKGBA HLDGS (01396) surged 5.24% during intraday trading on Tuesday, reflecting strong investor interest in the stock.

The movement appears driven by a positive industry research report highlighting that China's cloud and data center sector has entered a significant upcycle, with the computing power leasing market shifting to a seller's market. Customers are accepting higher pricing and making advance payments to secure capacity, while cloud providers are implementing gradual price increases expected to benefit revenues in 2026. The report also points to an inflection point in AI inference demand, driving a high-growth cycle for computing power leasing characterized by rising volume and prices.

GD-HKGBA HLDGS is specifically mentioned as a relevant Hong Kong-listed company in this space, having completed the acquisition of Tiandun Data, a top-tier intelligent computing infrastructure operator in China. Tiandun Data operates over 30,000 racks nationwide with computing power exceeding 50,000 P, reported rapid revenue growth to 174 million yuan in Q1 2025, and holds an order book exceeding 10 billion yuan. The company has initiated a dual-market development strategy targeting domestic and international expansion, with plans to build multiple intelligent computing data centers overseas.