Another Big Compute Order: 301189 Signs a Further RMB 1.821 Billion GPU Compute-Card Purchase Contract, Shares Have Doubled This Year
Summary
Eastern Money reports that the company with ticker 301189 has signed another GPU compute-card purchase contract worth RMB 1.821 billion, following a string of large compute procurement orders, with its share price having doubled this year. The news reflects continued strong demand for AI compute hardware in China and a sharp run-up in the shares of related listed companies.
Bubble analysis
A large compute procurement order shows AI infrastructure spending is still ramping fast — the 'capex first' side of the bubble debate: orders and share prices are surging together, yet the report gives no figure for the AI revenue this compute will generate, so it is hard to judge whether spending and returns match. It is closer to evidence about money flows than a direct verdict on a bubble.
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