DONGFANG ELEC (01072) surged more than 4% intraday, and as of press time, it was up 3.11% at HK$23.2, with a trading volume of HK$159 million. The catalyst behind the rise stems from new developments in nuclear fusion. Reports indicate that a major merger has been agreed upon between a media-tech group and TAE Technologies, a nuclear fusion energy company, in an all-stock deal valued at over $6 billion. The transaction aims to combine capital access with TAE's fusion technology to support the growing energy demands of the AI industry.

Additionally, analysts highlight that AI data center expansion is driving significant electricity demand, particularly for reliable and stable power supply. Gas turbine power generation, known for its quick construction cycles, stable output, and low resource requirements, is emerging as a preferred short-term solution for data center power needs. The global gas turbine market is currently dominated by major players like Siemens, GE, Mitsubishi Heavy Industries, and Caterpillar (via its subsidiary Solar Turbines), leaving substantial room for domestic substitution. Notably, DONGFANG ELEC has achieved commercialization and international deployment of its self-developed G50 heavy-duty gas turbine.