The AI infrastructure investment wave continues to expand rapidly, with Hong Kong stock tech and internet sectors surging in early trading, and the Hong Kong Stock Connect Internet ETF (159792) rising nearly 2% during intraday trading.

Hong Kong stocks opened higher and continued to rise in the early trading session, with the technology and internet sectors leading the gains. NetEase Cloud Music rose over 4%, Meituan-W, Kingdee International, Maimai, SenseTime-W, and Kingsoft Software each increased by more than 3%. Influenced by the market, the Hong Kong Stock Connect Internet ETF (159792) was up nearly 2% during the session.

On the news front, on March 16th, Eastern Time, NVIDIA CEO Jensen Huang stated at the NVIDIA GTC Developer Conference that NVIDIA’s new generation AI acceleration products, Blackwell and the next-generation Rubin, are expected to generate at least $1 trillion in revenue by the end of 2027. This figure far exceeds Huang’s October 2025 sales forecast of $500 billion, highlighting that the wave of investment in AI infrastructure is still rapidly expanding.

Some analysts believe that NVIDIA’s $1 trillion revenue target not only reflects confidence in its product demand but also indicates the rapid growth of the entire AI infrastructure market. For the capital markets, this revenue goal alleviates concerns about slowing AI demand and reinforces a key view: the AI computing cycle is still in its early stages, not nearing its end.

A brokerage firm noted that structural opportunities in the Hong Kong stock market still exist. Currently, the technology sector in Hong Kong stocks offers good value for allocation, with medium- to long-term investment potential becoming more apparent. Liquidity in the Hong Kong tech sector has improved, and market focus is on upcoming earnings releases from leading companies like Tencent Holdings and Alibaba in mid to late March. Investors are paying close attention to their AI capital expenditure guidance, profit recovery in core businesses, and dividend and buyback plans. Supported by earnings expectations, the tech sector has rebounded. In terms of allocation, investors may consider high-growth internet giants with significantly reduced valuations, as their AI transformation and improved performance could present valuation recovery opportunities.

Data shows that the Hong Kong Stock Connect Internet ETF (159792) tracks the CSI Hong Kong Stock Connect Internet Index, which selects 30 listed companies involved in internet-related businesses within the Stock Connect universe as its sample. This aims to reflect the overall performance of internet-themed listed companies within Hong Kong Stock Connect. Off-market investors can also explore investment opportunities in Hong Kong internet stocks through the linked funds (Class A: 014673; Class C: 014674).

Daily Economic News

(Edited by: He Chong)

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