9698.HK in “Power Gear Becomes AI's Hardest Constraint”
GDS Holdings Limited
GDS must secure large power allocations and fund costly infrastructure for new campuses, potentially pressuring development returns despite strong AI demand.
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Oct 20, 2025 – Oct 19, 2026 · 247 sessions
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Power Gear Becomes AI's Hardest Constraint
The AI buildout is shifting its scarcity premium from chips to electricity, grid connections and power equipment.
BEAR side — GDS must secure large power allocations and fund costly infrastructure for new campuses, potentially pressuring development returns despite strong AI demand.
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