Market Insight | TIME INTERCON rises nearly 6% to hit a new high, major shareholder LUXSHARE-ICT has entered NVIDIA's GB200 supply chain

Zhitong
2024.06.17 02:57
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TIME INTERCON rose nearly 6% in early trading, reaching a high of HKD 3.05, setting a new historical high. As of the time of publication, it rose by 4.53% to HKD 3, with a turnover of HKD 25.5307 million. In terms of news, NVIDIA's GB200 is set to be mass-produced, and LUXSHARE-ICT has entered the supply chain. Additionally, Apple has begun building AI servers based on the M2 Ultra chip. Analysts believe that as one of Apple's key suppliers, LUXSHARE-ICT may benefit from Apple's AI servers in the future. It is reported that the new server business under TIME INTERCON mainly provides computing servers, edge servers, AI intelligent servers, GPU cards, and complete machine cabinets. This sector has become the company's largest revenue segment, currently accounting for 46.67% of the revenue. It is worth noting that in February 2022, LUXSHARE-ICT spent HKD 1.104 billion to acquire 74.67% of TIME INTERCON's shares

According to the VTIME Finance APP, TIME INTERCON (01729) surged nearly 6% in the morning session, reaching a high of HKD 3.05, setting a new historical high. As of the time of writing, it has risen by 4.53% to HKD 3, with a turnover of HKD 25.5307 million.

In terms of news, NVIDIA's GB200 is set to be mass-produced on a large scale, with LUXSHARE-ICT already in the supply chain. Additionally, Apple has begun building AI servers based on the M2 Ultra chip. Analysts believe that as one of Apple's key suppliers, LUXSHARE-ICT may benefit from Apple's AI servers in the future.

It is reported that TIME INTERCON's new server business mainly provides products such as computing servers, edge servers, AI intelligent servers, GPU cards, and complete machine cabinets. This segment has become the company's largest revenue division, currently accounting for 46.67% of the revenue. It is worth noting that in February 2022, LUXSHARE-ICT spent HKD 1.104 billion to acquire a 74.67% stake in TIME INTERCON

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