Hongteng Precision (06088) is now up more than 7%. As of press release, it has risen 5.83% to HK$2.36, with a turnover of HK$19.0938 million.
The Zhitong Finance App learned that Hongteng Precision (06088) is now up more than 7%. As of press release, it has risen 5.83% to HK$2.36, with a turnover of HK$19.0938 million.
According to the news, Zheng Hongmeng, chairman of Hon Hai's Industrial Financial Federation, said that he has seen the visibility of new orders for generative AI servers. It is estimated that AI applications will account for 40% of the revenue of cloud computing projects this year, and AI servers will account for 40% of the global market. Damo pointed out that the potential related to Hon Hai's AI server is not fully understood by the market. Hon Hai recently won an AI server project with its original CMMS model. The project is expected to contribute 12% of profit in 2025, and the total profit will increase 20% year over year. Furthermore, the iPhone assembly business continued better than expected, and it is expected that Hon Hai's iPhone assembly share will remain around 60% today and tomorrow.
CICC pointed out that the rapid iteration of AI models is continuing to expand demand for underlying computing power infrastructure. According to the company's public performance conference, Hongteng is currently actively deploying various new products such as EDSFF connectors, MCIO/MXIO/DACEM cables, and CAMM memory slots in the AI service field; in 2024, DesignCon will launch a 224G high-speed I/O series product series. From an industry perspective, the GB200NVL72 cabinet released by GTC2024 Nvidia continues to increase demand for copper cable connections, driving the overall market size expansion of the industry.