CITIC Securities: The IDC industry continues to be booming. With the rise of cryptocurrency, AI has become the main driver of the industry

Odaily News According to a research report by CITIC Securities, the IDC (Internet Data Center) industry continues to be highly prosperous. With the recovery of traditional corporate IT spending and the surge in cryptocurrency, AI has become the main driver of the industry. The pace of expansion of US IDC companies has accelerated, and growth expectations have been raised. The Federal Reserve's entry into the interest rate cut channel will also bring more positive catalysts: from the performance dimension, interest rate cuts are expected to reduce corporate financing costs and release profits; from the valuation dimension, downward interest rates may increase the overall valuation level of the industry; from the industry dimension, AI drives the threshold to rise, and IDC manufacturers that undertake head technology companies are expected to continue to benefit, and the strong will always be strong. We are optimistic about the upward opportunities that GenAI and interest rate cuts will bring to the US IDC sector. Under the trend of concentration on the supply and demand sides of the industry, we recommend two main lines. One is the IDC leading companies that are deeply bound to the head technology companies; at the same time, we recommend paying attention to companies that are bound to high-end customers and transform under the background of high prosperity. (Jinshi)