Changes in Hong Kong stocks | AI hardware stocks are at the top of the decline, New York State halts construction of AI data centers, market concerns affect AI capital expenditure

The Zhitong Finance App learned that AI hardware stocks had the highest decline. As of press release, Jiantao Laminate (01888) fell 13.3% to HK$48.9; Jiantao Group (00148) fell 9.63% to HK$56.8; Changfei Optical Fiber Cable (06869) fell 5.18% to HK$148.3; and Cambridge Technology (06166) fell 4.76% to HK$108.

According to news, on Tuesday, New York Governor Kathy Hawchu signed an executive order prohibiting the construction of large-scale data centers using 50 megawatts or more of electricity within a year. The state was the first in the US to implement such a ban. The decision stemmed from the expansion of AI computing power, which led to uncontrolled consumption of electricity and cooling water, and the state government said it was necessary to contain risks before improving regulations.

Damo said in its latest report that resistance to future data center construction will clearly have an impact on the timing and intensity of the capital expenditure cycle, either extending its duration or reducing overall investment requirements. Shen Wan Hongyuan previously pointed out in a research report that the constraints that AI investment may face include power grid bottlenecks, equipment shortages, and residents' objections to data center construction, which may cause investment projects to be postponed or even cancelled.