Group 1 - The core point of the article highlights the significant rise in the stock price of GDS Holdings Limited (万国数据-SW), which increased by 6.45% to HKD 44.2, with a trading volume of HKD 150 million [1] - Alibaba Cloud has officially launched its flagship reasoning model Qwen3-Max-Thinking, which boasts over 1 trillion parameters and a pre-training data volume of 36 trillion tokens, marking it as Alibaba's largest and most capable reasoning model to date [1] - CITIC Securities' recent report indicates that the demand for AI driven by reasoning and training is accelerating, suggesting a positive outlook for the domestic computing power chain and investment opportunities in AIDC and network sectors [1] Group 2 - Morgan Stanley's report suggests that scale demand, resource availability, and policy are driving the deployment of AI data centers by large-scale operators towards remote areas, indicating a healthier supply-demand dynamic in the market for data centers in these regions [1] - The report also emphasizes that leading data center operators with strong resource pipelines are expected to benefit from the stable return prospects in the AI era [1]
港股异动 | 万国数据-SW(09698)涨超6% AI算力驱动数据中心需求高增