Tech Giants' AI Demand Slowing? Computing Power Supply Chain Firms Respond: No Sign of Cuts, Orders Rising in Price

Rumors suggest that major tech companies are scaling back AI demand, heightening market concerns about the scale and growth pace of tech AI spending. In response, several firms in the computing power supply chain said there are no signs of a cutback and that their existing order books are robust. Suzhou-based Cooperative Data (协创数据) said there are currently no signs of a cutback. Leading domestic internet companies are expected to keep capital expenditure at high levels next year. Investment in computing infrastructure is expected to remain highly prosperous. Xingyun Technology (行云科技) said that cumulative computing and storage-related orders announced by the company this year have reached about 20.641 billion yuan. GigaDevice (兆易创新) said that, driven by the rapid development of AI boosting demand for memory chips and related spillover effects, the storage industry's upturn continues. Major industry players are cutting or shifting capacity (exiting niche markets), and the overall niche memory market will remain in a state of tight supply. Ruikeda (瑞可达) said that its 400G/800G AEC products have gradually entered batch delivery, with capacity continuing to ramp up. (Securities Times)