Understanding the Market | FIT HON TENG surged over 6% during the session as NVIDIA's data center revenue soared over 70% and suppliers have resolved the rack overheating issue

Zhitong
2025.05.29 03:05
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FIT HON TENG's stock price rose over 6% during the session, and as of the time of publication, it was up 4.46%, trading at HKD 2.11, with a transaction volume of HKD 96.6045 million. In terms of news, NVIDIA's latest financial report shows that overall revenue for the first fiscal quarter of 2026 increased by 69%, reaching USD 44.1 billion; net profit grew by 26%, reaching USD 18.8 billion. The data center segment, including AI chips and related components, saw sales increase by 73%, reaching USD 39.1 billion, accounting for 88% of total revenue. Additionally, NVIDIA CEO Jensen Huang stated that the AI supercomputer designed for inference, Blackwell NVL72, has been fully put into mass production among system manufacturers and cloud service providers. Furthermore, it has been reported that NVIDIA's suppliers are accelerating the production of its flagship AI data center "rack" after resolving the technical issues that caused shipment delays. Sources revealed that NVIDIA partners, including Foxconn and Dell, have made a series of breakthroughs and are able to begin shipping the highly anticipated "Blackwell" AI servers