Reported 11 months ago
On June 25, 2024, Taiwan's leading power company Delta Electronics (2308) saw its stock price hit a record high of 391.5 yuan under the support of institutional investors, closing at 387 yuan, up 10.5 yuan. Its market value exceeded the trillion-yuan mark for the first time, reaching 1.52 trillion yuan, making it the sixth largest market value in Taiwan's stock market. With several foreign institutions raising their target prices, Delta Electronics has shown bullish momentum. Foreign institutions bought over 1,146 shares yesterday and have accumulated a net purchase of 48,100 shares in June. They believe Delta Electronics has multiple growth drivers, including AI server power supplies, automotive passive components, electric vehicle components, comprehensive cooling products, emerging AI demand in Southeast Asia and India, and more. Delta Electronics, as a key player in NVIDIA's supply chain, is expected to see substantial growth in AI server orders this year, especially with the expected increase in revenue contribution from AI server products in the fourth quarter and next year.
Source: YAHOO