Reported about 1 year ago
QCT (5274) led by Zhang Jia-rui soared to a historical high of 4,715 yuan on June 11th, 2024, benefiting from urgent orders for general-purpose servers from North American cloud operators and increased demand in Mainland China. Its combined revenue in May reached 435 million yuan, a monthly increase of 4.7% and a year-on-year increase of 92.9%, surpassing analysts' expectations. With a promising revenue growth rate expected to reach 20% this quarter, QCT's stock price closed limit up with neatly arranged moving averages and a daily trading volume of 3,565 shares, attracting investments from institutional investors and foreign funds. Analysts revealed that QCT has entered the AI server market and is poised to benefit from the launch of Nvidia's GB200 in the third quarter. Additionally, the AST2700 remote server management chip is expected to replace the existing FPGA solution, challenging its exceptional performance in 2022.
Source: YAHOO