AI computing power is reshaping the pricing logic of technology stocks

Whether it is computing power lock-in agreements spanning decades or nearly explosive growth in unfilled orders, the market is sending a clear signal: The supply of computing power in the AI era has completely evolved from "fragmented procurement" to long-term infrastructure akin to "utilities like water and electricity."

In this wave of assetization and utility-like transformation of computing power, the industry chain logic exhibits three core characteristics:

Neocloud disrupts the traditional landscape: Leveraging efficient architectures optimized for GPUs and agile leasing models, vertical computing cloud providers are rapidly capturing market share, achieving leapfrog growth in performance.

Long-cycle agreements lock in long-term factors: Leading AI institutions have signed massive contracts spanning decades, essentially purchasing "production factor insurance" for the long-term evolution of large models.

High growth accompanied by high volatility: Although the computing power sector boasts strong explosive potential, it is constrained by heavy capital expenditures (CapEx) and depreciation pressures from rapid hardware iterations. Consequently, related stocks are highly prone to sharp fluctuations during earnings reporting periods.

A real-world test amid high volatility: Are your hedging and market timing strategies ready?

For "high-beta" sectors that combine long-term certainty with short-term high volatility, chasing rallies based on emotion rarely yields sustainable returns. Mature market participants tend to rely on rigorous position management, market timing risk controls, and cross-asset derivatives to mitigate risk.

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Key milestones:

Registration Deadline: September 29, 2026 (Closing soon, join now)

Competition Settlement DateMarch 27, 2026 – September 30, 2026

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👉Direct AccessOfficial Competition Website，Review the detailed rules and register

Note:

1. Valid Results: A participant’s result is considered valid if they meet all the eligibility criteria for the corresponding award.

If a participant fails to meet any of the award eligibility criteria, their performance will not be considered valid, and the ranking displayed on the competition page will not be included in the final award calculations. Participants must carefully review and ensure they meet all award eligibility requirements to validate their competition results. Specific award conditions are detailed on the official competition website.

2. The required trading volume for all awards will be calculated from the date of registration.

3. Participants must understand and agree to the competition's general terms and conditions at the time of registration.

4. The organizer of this competition reserves the right of final interpretation. For inquiries, please contact: 14715375012 / +852-38972000

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