交银国际:生成式AI带动需求爆发 万国数据(09698.HK)及新意网(01686.HK)为首选标的

阿斯达克财经
Jun 17

交银国际发表研究报告指,数据中心行业正迎来有序的爆发式增长。生成式人工智能(AI)带动需求端爆发式增长,但供给端受制于电力指标、审批门槛和关键设备交付周期,叠加芯片约束,供需缺口在短期内难以弥合。就基础设施供需而言,短期出现系统性过剩的概率较低,但仍需关注更长周期可能出现的阶段性供需错配与估值波动。该行指出,推理占比正快速上升,有望成为未来算力需求增长的主驱动。对于数据中心运营商而言,高密度、低...

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