Boosted by policies on AI-empowered new industrialization, sector sentiment was lifted, with E Fund (Hk) Wind Digital Technology Index Etf (03434.HK) surging over 2% in the afternoon session.

NewTimeSpace News: On April 20, catalyzed by policies on AI-empowered new industrialization, the cloud computing and digital technology sectors collectively strengthened this morning, with Inspur Information surging over 5%, Unisplendour Corporation and Sugon rising over 3%, and AI application plays such as Wondershare Technology and Runhe Software following suit.

Alibaba Cloud, Baidu AI Cloud, and Tencent Cloud successively announced price hikes for AI computing products, boosting sector sentiment. E Fund (Hk) Wind Digital Technology Index Etf (03434.HK) gained over 2% intraday.

Hong Kong Stock Exchange data shows that E Fund (Hk) Wind Digital Technology Index Etf (03434.HK) is an exchange-traded fund listed on the Hong Kong Stock Exchange, aiming to track the performance of the Wind Digital Technology Net Total Return Index. The index takes securities listed on the Hong Kong Stock Exchange, New York Stock Exchange, NASDAQ Stock Exchange, and NYSE American as its sample pool, selecting leading companies across four themes: digital technology and service providers, digital infrastructure verification technology, digital asset trading technology, and enterprises utilizing digital technology for financial management, covering niche tracks such as cloud computing, big data, digital payments, blockchain, and AI software.

On the news front, on April 18-19, Alibaba Cloud and Baidu AI Cloud simultaneously implemented price adjustment plans for AI computing and high-performance storage, with overall increases ranging from 5% to 34%; Tencent Cloud explicitly stated that starting May 9, it will uniformly raise prices by 5% for AI computing-related products. The domestic cloud computing industry witnessed its first large-scale collective price hike, signaling that the explosive AI demand is driving the industry from a cost-push cycle toward a demand-pull cycle characterized by rising prices and volumes.

Overseas, Anthropic launched an identity verification mechanism and tightened service restrictions on China, with constraints on overseas model supply further accelerating the domestic push for self-controllable large language models and computing power. Goldman Sachs reports noted that the shift in AI demand toward Agents will drive continued growth in computing power demand, maintaining a positive outlook on the long-term growth potential of digital technology infrastructure and cloud service providers.

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