Understanding the Market | FIT HON TENG Surges Over 20% as NVIDIA Expects Significant Shipments in Q4, Blackwell Previously Raised Network Interconnect Business Revenue Guidance
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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
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