Reported 5 months ago
A report on July 17, 2024, at 4:10 PM reveals that the overheating issue of the Huida GB200 server super chip Bianca has propelled the ODM supply chain into the AI realm. Research from UBS Securities indicates that the GB200's production schedule in the Taiwan-based supply chain remains unchanged, reiterating positive views on Wistron (2382), Quanta (3231), and Foxconn (2317). Furthermore, KGI Securities highlights a bright outlook for Inventec (2356) in the AI server market, raising the stock price expectation to 64 yuan. The article discusses the potential impact of the overheating issue on NVL36 shipments, emphasizing the complexity and timeline challenges inherent in the production process. Despite concerns, risks are deemed manageable with the production timeline still a few months away. Should the overheating issue persist, Ariel NVL36 could serve as an alternative solution for Huida and other cloud service providers in the fourth quarter through the next year, benefiting majorly Quanta, which has a 100% order share for Ariel processing boards. Overall, UBS emphasizes Foxconn and Wistron as big winners in the GB200 server rack market, while Wistron is identified as the primary beneficiary. Positive projections are made for Wistron's GB200 cabinet shipments in 2025, exceeding previous estimates, with anticipated revenue growth. Additionally, Inventec is positioned well in the AI server trend, excelling in revenue performance and profitability expectations for 2024 and 2025. The market anticipates a strong financial performance, with EPS predicted to double in 2025 compared to 2023.
Source: YAHOO