AI Training Resumption Ignites Market Speculation

After a one-month hiatus, OpenAI, valued at over a trillion dollars, has resumed training its most advanced AI model. Notably, a key safety measure has been implemented: the model is prohibited from accessing the live internet during training. The company stated this precaution is necessary to mitigate the risk of the unreleased model performing unauthorized operations online before its official launch.

Hard Tech Stocks Rally on the News

The news quickly rippled through financial markets on the 25th, Beijing time. In U.S. pre-market trading, a broad range of hard technology stocks saw significant upward movement. Intel led the gains, rising 1.86% pre-market. Shares of Micron Technology, SanDisk, Corning, and Advanced Micro Devices (AMD) all climbed more than 1%. Storage specialist Seagate Technology advanced nearly 0.80%, while AI chip leader Nvidia gained close to 0.50%.

Market Analysis: A Sentiment-Driven Recovery for Computing Power Demand

Financial analysts have weighed in on the market's reaction. The consensus view is that OpenAI's decision represents a moderately positive signal for the global AI hardware supply chain.

  • Computing Power Consumption Rebounds: The resumption of training directly implies increased consumption of computing resources like GPUs, supporting demand expectations for chipmakers.
  • Spillover to Infrastructure: The positive sentiment extends beyond chips to supporting infrastructure, including servers, high-speed networking, and storage equipment.
  • Safety Measures Create Niche Demand: The requirement for internet disconnection during training could spur demand for more sophisticated physical or logical isolation solutions, creating opportunities in niche areas.

However, analysts also urge caution. Many point out that this development is unlikely to translate into immediate, large-scale purchase orders in the short term. Its impact is seen more as a repair of market sentiment and long-term demand expectations rather than a strong fundamental catalyst. The stock movements reflect a market reassessment of AI's long-term trajectory, but tangible improvements in corporate earnings will depend on clearer signals from commercial adoption and procurement.