0635 GMT - The market size of China's AI all-in-one server industry could reach 149 billion yuan, or about $20.45 billion, in 2028, with software services accounting for a 40% share, HSBC Global Research analysts write in a note. An AI all-in-one service refers to computing hardware with deeply integrated software for AI deployment, they add. This is a new market for software solution providers and subsector leaders stand to benefit more, they say. While Nvidia's GPUs dominate the market, Chinese domestic alternatives, such as Huawei's Ascend solution, are gaining market share in China, they add. Sangfor Technologies is the analysts' preferred sector pick due to its industry-leading position. HSBC Global Research maintains a buy rating on the stock with a target price of CNY158.00. Shares are last at CNY102.01. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 28, 2025 01:35 ET (06:35 GMT)
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