Understanding the Market | FIT HON TENG Surges Over 20% as NVIDIA Expects Significant Shipments in Q4, Blackwell Previously Raised Network Interconnect Business Revenue Guidance
FIT HON TENG's stock price surged more than 20% in the morning, up 18.45% as of the time of publication, at HKD 2.76, with a turnover of HKD 87.3659 million. Jensen Huang, CEO of NVIDIA, stated that there is a "crazy" demand for Blackwell AI processors, with a large volume expected to be shipped in Q4. FIT HON TENG's liquid-cooled CDU components and power busbar components have been validated, expected to account for 1-3% of total revenue this year, with even greater growth potential next year. The company has raised its revenue guidance for network interconnection business to high double-digit percentage year-on-year growth
According to the Wise Finance APP, FIT HON TENG (06088) surged more than 20% in the morning session, up 18.45% as of the time of publication, at HKD 2.76, with a turnover of HKD 87.3659 million.
On the news front, Jensen Huang, CEO of NVIDIA, recently stated in an interview that the demand for the Blackwell AI processor has reached a "crazy" level. Huang Renxun said that NVIDIA is expected to start mass shipping Blackwell in the fourth quarter. The performance of the new processor is 2.5 times that of the NVIDIA Hopper chip launched two years ago. It is reported that in early June this year, Jensen Huang announced that NVIDIA's Blackwell chip has officially started production, and the GB200 provides customers with a more advantageous solution on the inference side by using methods such as reducing precision.
CICC previously released a research report stating that FIT HON TENG has indicated that the liquid-cooled CDU zero component and power busbar zero component supporting the GB200 series products for major customers have passed verification and are expected to be shipped within this year, accounting for approximately 1-3% of the company's total revenue this year, with even greater growth potential next year. The company's management stated that the backplane connector products of the GB200 series have also been sampled and are awaiting customer verification. Due to the strong performance of the AI server business, the management has raised the full-year network interconnection business revenue guidance from a year-on-year growth of 5-15% to a high double-digit percentage year-on-year growth