Market Insight | FIT HON TENG falls over 6% again, recent global technology sector correction, institutions optimistic about second half of the year AI edge and Apple upgrade cycle
FIT HON TENG's stock price fell by more than 6% again, with a recent pullback in the global technology sector. Institutions are optimistic about the AI edge and Apple upgrade cycle in the second half of the year, believing that companies like FIT HON TENG are expected to continue to increase their market share and value. NVIDIA's Blackwell architecture series AI flagship chip GB200's shipment time will be delayed by at least three months, which may affect Hon Hai's stock price volatility. CICC pointed out that the demand for copper cable connections in the GB200 NVL72 cabinet continues to increase, driving the overall market size expansion in the industry
According to the Wise Finance APP, FIT HON TENG (06088) fell by over 6% again. As of the time of publication, it dropped by 4.04% to HKD 2.14, with a turnover of HKD 15.7375 million.
CMB International pointed out that the global technology sector has recently experienced a correction, mainly due to market concerns about global economic slowdown, the impact of the appreciation of the Japanese Yen, mixed performance of overseas technology industry chains, and the delay of the GB200 new product. The bank mentioned that the AI-driven iPhone upgrade cycle by Apple, the accelerated penetration of AI PC ARM architecture, and the continuous increase in shares and value of domestic Apple industry chain companies like FIT HON TENG are promising. The delay in the Blackwell platform does not change the long-term positive trend, focusing on the comprehensive growth of the supply chain in the second half of the year. It is recommended to pay attention to server-related industry chains such as connectors/interfaces, heat dissipation, and power management manufacturers, including FIT HON TENG.
Morgan Stanley pointed out that due to design flaws, the shipment time of NVIDIA's next-generation Blackwell architecture series AI flagship chip GB200 will be delayed by at least three months. As the main foundry, Foxconn may be affected by short-term stock price fluctuations. Previously, CICC stated that from an industry perspective, the demand for copper cable connections driven by the GTC2024 NVIDIA's release of the GB200 NVL72 cabinet continues to increase, leading to an overall expansion of the market size in the industry