Global X AI Infrastructure ETF (03401.HK) Up 3.75% as GPU Rental Rates Climb

NewTimeSpace News: As of 11:21 on November 9, Global X AI Infrastructure ETF (03401.HK) rose 3.75% to a latest price of HK$82.540. The ETF has so far traded 3,200 units today, with turnover of HK$264,128 and an average price of HK$82.540; its turnover rate is 1.867%. It has gained 3.75% week to date. The net asset value per unit is HK$80.4512, and assets under management stand at HK$13.80 million (about US$1.759 million). (Note: only one trade was recorded today, at 10:28 at HK$82.540, after which the price is a market quotation; NAV and AUM are as of November 6; AUM is denominated in US dollars and converted at US$1 = HK$7.8467; the week-to-date change is based on the previous close of HK$79.560 on November 6.)

AI infrastructure assets extended their rebound on November 9. In the US, the Philadelphia Semiconductor Index rose 4.21% to 9,390.25 and the Nasdaq gained 1.09% on November 6; on the mainland, the ChiNext computing infrastructure index rose as much as 2.5% intraday and was up 1.8% around 10:00, with Shenghong Technology up more than 7% and Eoptolink over 5%, while Hong Kong's Hang Seng TECH Index gained 0.58% by 10:33. Demand showed more direct evidence: Ornn data showed on-demand rental rates for H100, H200 and B200 GPUs were up 10.21%, 27.22% and 24.97% respectively from 30 days earlier as of November 5, and Shanghai Metals Market reported on November 6 that China's H100 monthly rental price index rose 9.36% week on week. Supply carries policy risk: after the Democrats' midterm win, about 45% of planned US data centres face near-term approval risk, with Texas alone accounting for about 26.7%; Google separately announced a US$15 billion data-centre investment in Malaysia for 2027-2028.

Global X AI Infrastructure ETF (03401.HK) is a passive ETF under Mirae Asset Global Investments (Hong Kong) tracking the Mirae Asset AI Infrastructure V2 Index (net total return). Its constituents are 30 AI infrastructure companies listed in North America, Asia and the eurozone, spanning data-centre equipment manufacturing, thermal management, power infrastructure supply and raw materials mining. The product listed on the Hong Kong Stock Exchange on February 10, 2025, with a management fee of 0.68% per year and a board lot of 50 units.

TF Securities believes the rapid adoption of AI agents, where a single task can consume dozens of times more tokens than an ordinary conversation and even more in complex scenarios, will keep driving inference computing demand. Cloud providers' capex remains high-growth and should continue to support demand for chips, servers and data centres upstream.