Weichai Power (02338) rose more than 4%, reaching a record high of HK$30.98. At the time of writing, the stock was up 4.73% at HK$30.98, with a turnover of HK$278 million.

Recent analysis from Morgan Stanley has revised the cumulative power deficit for US data centers in 2025-2028 upwards from 44 gigawatts to 47 gigawatts, equivalent to the total electricity consumption of nine cities the size of Miami or fifteen the size of Philadelphia. Insufficient power supply has become a core bottleneck restricting the expansion of AI computing capacity, prompting major technology firms to seek new solutions, with several data centers considering building their own power facilities. xAI, an artificial intelligence company under Elon Musk, purchased five additional gas turbines at the start of the year to power its expanding supercomputer cluster.

Analysts suggest that Weichai Power is positioned to transition from a manufacturer focused primarily on heavy-duty truck powertrains to a comprehensive supplier of power generation equipment for AI Data Centers (AIDC). Against the backdrop of rapid global AIDC investment growth and the deepening power shortage in the United States, Weichai Power's diverse AIDC power generation equipment businesses—including reciprocating gas generator sets, solid oxide fuel cells (SOFC), and diesel generators for backup power—are all expected to achieve strong growth. Given that the AIDC power generation industry's expansion is likely to increase the profit contribution of this segment for Weichai Power, the company is seen as having significant growth potential.