AI Demand in Focus for China Data Centers, HSBC Says -- Market Talk

Dow Jones

Sep 10

1110 GMT - Artificial-intelligence demand remains in focus for China data centers, HSBC analysts write in a note, maintaining buy ratings for VNET Group, GDS and SUNeVision. VNET Group, the bank's preferred stock, is expected to be the biggest beneficiary of China's AI training boom given its ample capacity with cheap electricity. HSBC expects GDS to see rising orders for graphics processing units in end-2025 or early 2026, projecting the firm's 2026 adjusted EBITDA to grow 9% to CNY5.8 billion. However, HSBC lowers SUNeVision's 2026 EBITDA estimates, citing slower-than-expected AI uptake. The bank trims its target price to HK$8.90 from HK$10.10 for SUNeVision's stock, which last closed 0.75% higher at HK$6.73 Wednesday. (jason.chau@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 07:11 ET (11:11 GMT)

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VNET Group, the bank's preferred stock, is expected to be the biggest beneficiary of China's AI training boom given its ample capacity with cheap electricity. HSBC expects GDS to see rising orders for graphics processing units in end-2025 or early 2026, projecting the firm's 2026 adjusted EBITDA to grow 9% to CNY5.8 billion. However, HSBC lowers SUNeVision's 2026 EBITDA estimates, citing slower-than-expected AI uptake. The bank trims its target price to HK$8.90 from HK$10.10 for SUNeVision's stock, which last closed 0.75% higher at HK$6.73 Wednesday. 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VNET Group, the bank's preferred stock, is expected to be the biggest beneficiary of China's AI training boom given its ample capacity with cheap electricity. HSBC expects GDS to see rising orders for graphics processing units in end-2025 or early 2026, projecting the firm's 2026 adjusted EBITDA to grow 9% to CNY5.8 billion. However, HSBC lowers SUNeVision's 2026 EBITDA estimates, citing slower-than-expected AI uptake. The bank trims its target price to HK$8.90 from HK$10.10 for SUNeVision's stock, which last closed 0.75% higher at HK$6.73 Wednesday. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2025 07:11 ET (11:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4531","symbol_name":"中概回港概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566438608","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566438608","pubTimestamp":1757502660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1110 GMT - Artificial-intelligence demand remains in focus for China data centers, HSBC analysts write in a note, maintaining buy ratings for VNET Group, GDS and SUNeVision. VNET Group, the bank's preferred stock, is expected to be the biggest beneficiary of China's AI training boom given its ample capacity with cheap electricity. HSBC expects GDS to see rising orders for graphics processing units in end-2025 or early 2026, projecting the firm's 2026 adjusted EBITDA to grow 9% to CNY5.8 billion. However, HSBC lowers SUNeVision's 2026 EBITDA estimates, citing slower-than-expected AI uptake. The bank trims its target price to HK$8.90 from HK$10.10 for SUNeVision's stock, which last closed 0.75% higher at HK$6.73 Wednesday. 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VNET Group, the bank's preferred stock, is expected to be the biggest beneficiary of China's AI training boom given its ample capacity with cheap electricity. HSBC expects GDS to see rising orders for graphics processing units in end-2025 or early 2026, projecting the firm's 2026 adjusted EBITDA to grow 9% to CNY5.8 billion. However, HSBC lowers SUNeVision's 2026 EBITDA estimates, citing slower-than-expected AI uptake. The bank trims its target price to HK$8.90 from HK$10.10 for SUNeVision's stock, which last closed 0.75% higher at HK$6.73 Wednesday. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2025 07:11 ET (11:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}