Understanding the Market | FIT HON TENG rose over 7% in the afternoon as NVIDIA's GB200 is about to ramp up production, expected to contribute significantly to the company's performance growth

FIT HON TENG surged over 7% in the afternoon, as of the time of writing, up 7.06%, priced at HKD 2.73, with a transaction volume of HKD 46.9563 million. On the news front, at the Foxconn Technology Day event held by Hon Hai Group in early October, Hon Hai Group and its subsidiaries jointly showcased a complete liquid cooling solution for NVIDIA's GB200 servers, with FIT HON TENG also deeply involved and supplying a share. In addition, FIT HON TENG is actively laying out its optical communication CPO solutions and has launched the FITConn800G high-speed connection module product, which meets the current high-speed connection demands of AI servers. CMB International pointed out that it is optimistic about FIT HON TENG's participation in the upcoming shipments of NVIDIA's GB200 products in 4Q24 and the related performance contributions, with relevant order revenues expected to significantly increase in FY25/26E, and there is further room for design-in and supply share enhancement. We are monitoring the shipment volume of the NVIDIA GB200 series and updates on the industry chain, as well as FIT HON TENG's upcoming announcement of its 3Q24 performance in mid-November