E Fund AI ETF (03489.HK) Up 0.57% as Oracle Raises US$20bn for AI Infrastructure

NewTimeSpace News: As of 10:19 on November 4, E Fund AI ETF (03489.HK) rose 0.57% to a latest price of HK$10.590. The ETF has so far traded 18,400 units today, with turnover of HK$194,866 and an average price of HK$10.591; its turnover rate is 0.038%. It has fallen 2.04% week to date. The net asset value per unit is HK$10.66, and assets under management stand at HK$513 million. (Note: NAV and AUM are as of November 3; the week-to-date change is based on the October 30 close of HK$10.810.)

On November 2, Oracle announced it would raise about US$20 billion — US$10 billion in bonds and US$10 billion in equity — to fund AI and cloud infrastructure. The shares were priced at US$116 each, roughly an 11% discount to the prior close, and the stock fell 8.8% on the announcement, extending its year-to-date decline to about 39%. Yields on its 2066 bonds stand at about 8.4%, well above the roughly 6.1% on comparable Apple and Microsoft paper. Statistics meanwhile showed the four major North American cloud service providers spent a combined US$208.7 billion in the third quarter of 2026, up 84.2% year on year and 21.9% quarter on quarter.

E Fund AI ETF (03489.HK) is an ETF under E Fund Management (Hong Kong) tracking the FTSE Global AI Select Net Return Index. Its constituents are listed companies worldwide tied to the artificial intelligence theme, spanning AI chips and computing hardware, cloud platforms and data centres, and software and applications, reflecting the performance of the global AI supply chain. The product listed on the Hong Kong Stock Exchange on September 26, 2025, with a management fee of 0.9% per year.

Guolian Minsheng Securities believes the AI application narrative is spreading from coding to four directions — R&D, enterprise services, scientific computing and personal assistants — with computing consumption shifting from project-based training to continuous inference. The binding constraint on the supply chain now lies more on the supply side than demand. It cites Gartner, which has repeatedly raised its 2026 global AI spending forecast from US$2.52 trillion in January to US$2.7 trillion in September.