VGT

Some updates on bottleneck timelines:

$VGT(02476.HK) South Korean retail investors' top buy【Sheng Hong Technology's core developments from April to early May 2026】

1. Business Progress: Diverging Situations Between Old and New Projects

Current main business (GB300): Production and delivery are normal. In Q1 2026, Sheng Hong's procurement of CCL (Copper Clad Laminate) increased by approximately 20% quarter-on-quarter, primarily for GB300 production.

Google Project (V8AX): The project timeline is delayed by one quarter compared to expectations. The small-batch mass production originally scheduled for Q2 2026 has been postponed to Q3. On the positive side, Sheng Hong has passed the relevant tests, received Google's order, and has begun production.

NVIDIA Rubin Platform (Next-Generation Core):

Compute Board: Previously delayed by about one and a half months due to production process issues, but overall R&D is still progressing.

Orthogonal Backplane: According to a clear schedule, the next key test is expected to be conducted and yield results in early May 2026. This is the core node the market is most focused on.

2. Market Position and Share

NVIDIA Supply Chain: In NVIDIA's switch board segment, Sheng Hong maintains a share of approximately 60%. Its share in GB300 switch board supply is also 60%, and it is expected to maintain a similar level or see a slight decline in the Rubin platform.

Competitive Landscape: Despite competition from new entrants like Jingwang Electronics, Sheng Hong's position remains solid due to its verification advantages in high-speed materials (M8) and strong production capacity reserves.

3. Capacity and Cost

Capacity Expansion: The capacity expansion plan is progressing smoothly. New capacity will be released every month in 2026, with a large amount of new capacity construction expected to be completed by year-end.

Price Trend: There is a price increase trend in the PCB industry. Sheng Hong plans to raise prices in multiple time windows such as January, March, and April 2026, passing on cost pressures (especially on the material side) to downstream customers.

Don't have to have knee jerk reaction to every piece of oil shock news. Just stick to your own long term plan and accumulate when the price of your desired stocks present itself.

Isn’t it amazing that the market keeps going up despite the uncertainty? It makes you wonder who’s buying and what is making them buy at these prices and conditions? Or do they know something we don’t? I rather be safe.

I am quite concerned about the ongoing US and Iran tensions and negotiations. If the conflict escalates again, the market could become extremely volatile. A renewed war would likely push oil prices even higher and that would affect economies worldwide🥲. Pray for Peace and good outcome.

with whatever happening in the middle east, I've already started taking profits and holding on to cash just to be ready for action when the time comes

brace yourself for another week of volatility. remember, you don't need to trade everyday or every week. you have the choice not to, if you feel that the market is going sideways or uncertain of the direction. stay invested and buy on dips