Xinhua (5274) broke through the historical high of 9,175 yuan during the trading session! Institutions are optimistic that AI demand will raise the target price to 10,000 yuan

Today (23rd), Innodisk (5274) opened high at 8,900 TWD, and with buying pressure, it broke through the 9,000 TWD mark within the first hour of trading. The intraday high reached 9,175 TWD, with an increase of over 5%. Subsequently, affected by market fluctuations and profit-taking selling pressure, the gains slightly narrowed, but the stock price remained oscillating in the range of 8,800 TWD to 9,000 TWD throughout the day. Today's trading volume significantly increased, indicating a market consensus on support for prices above 9,000 TWD. Although the closing price did not maintain the day's highest point, the overall trend remained strong, and the market expects a chance to challenge the 10,000 TWD target price in the future. Why did Innodisk's stock price show strong momentum today? From the perspective of market sentiment, the main driving force behind the rise in Innodisk's stock price today came from foreign investors collectively raising their target prices. Recently, U.S. foreign institutions, Daiwa Securities, and CLSA have consecutively released reports, raising Innodisk's target price from the 7,500 TWD level to 10,000 TWD. This shift in market consensus has attracted domestic investment trusts and high-net-worth investors to follow up with buying. The attitude of foreign investors is also reflected in actual operations. According to recent net buying data, the main chips have significantly concentrated among large institutional investors, stabilizing the market sentiment. On the fundamental side, Innodisk, as a global leader in server management chips (BMC), holds a global market share of 70% to 80%. The current growth momentum mainly comes from the following core factors: First, foreign reports confirm that Innodisk's next-generation BMC chip AST2700 has been successfully integrated into NVIDIA's Rubin Ultra platform, which means that Innodisk's products still hold a critical supply position in the global AI server architecture evolution. Secondly, in terms of revenue data, the revenue for December 2025 is projected to be 872 million TWD, with a year-on-year growth rate of over 18%; last year's fourth-quarter revenue reached 2.443 billion TWD, setting a historical high for a single quarter. Analysts estimate that the revenue for the first quarter of 2026 could further grow to 2.6 billion to 2.7 billion TWD, with order visibility extending into the second quarter. Regarding profit forecasts, the market estimates that Innodisk's earnings per share after tax could reach 139 TWD in 2026, with the potential to challenge 212 TWD in 2027. This expectation of significant profit growth within two years provides fundamental support for its current high price-to-earnings ratio. From the K-line chart perspective, Innodisk has recently shown an extremely strong slope. After breaking through the 9,000 TWD barrier today, Innodisk is in the process of creating new highs in a "no pressure zone." The long upper shadow left today suggests that there is considerable profit-taking pressure above 9,000 TWD. If it can consolidate in the next 2-3 trading days with "volume contraction and not breaking the five-day moving average," it will be beneficial for the next wave of momentum after the chip turnover. Analysis of Innodisk's future stock price trend: Is the 10,000 TWD mark really close? Looking ahead, Innodisk's operational attributes are no longer limited to traditional hardware suppliers but are highly linked to the large-scale expansion of global data centers. As long as cloud service providers (CSPs) like Amazon (AWS), Microsoft, and Google continue to expand their facilities, the procurement demand for Innodisk's BMC chips will maintain stable growth The market is currently highly focused on the 10,000 yuan integer price level. After today's stock price broke through 9,000 yuan, this target price has become substantially relevant. The consensus among most foreign institutional investors is that 10,000 yuan is their basic estimated target. For general investors, the current stock price level of Xinhua represents a significantly high trading threshold and investment risk. If there is a short-term pullback after a rise, as long as the stock price remains above the previous starting point of 8,500 yuan, the bullish structure will not be broken. Key points for further observation: First, whether the January revenue announced in early February can maintain growth momentum; second, whether the fluctuations in the TWD exchange rate and the trends of U.S. AI-related stocks remain stable. Resistance levels: 9,000 - 9,175 yuan. After breaking through the 9,000 yuan mark during today's trading, selling pressure emerged, indicating that the psychological barrier at 9,000 yuan and today's high point of 9,175 yuan are the most important short-term pressure zones. A significant volume must be maintained to pave the way towards 10,000 yuan. Support levels: 8,700 - 8,800 yuan. This is near today's starting gap and also the previous pressure turned support level. As long as this range is held, there is still potential for further upward movement after short-term consolidation. Xinhua's stock performance today reflects the core position of Taiwan's IC design industry in the AI market chain. With the stock king leading the charge and challenging high price ranges, it has driven market expectations for the emergence of 10,000 yuan stocks in the Taiwan stock market