Understanding the Market | FIT HON TENG rises by over 6% again, Apple's AI advantage on the device side is stronger than Android, and the hardware replacement cycle is expected to come

FIT HON TENG's stock price has continued to rise by over 30% recently. Apple has announced its edge-side artificial intelligence strategy, which has a stronger advantage compared to Android. Nomura believes that as generative artificial intelligence gradually lands, Apple's full ecosystem scheduling capability is expected to drive the hardware replacement cycle. CMB International predicts that Apple's product updates in the third quarter of this year will drive demand growth for FIT HON TENG and other supply chain companies. FIT HON TENG is one of the leading manufacturers of server connectors globally, and its server/interconnect business revenue is expected to grow by 15-20% year-on-year