Nvidia Supplier Wistron Posts 128% Profit Surge on Unrelenting AI Server Demand
NVDA sits 28% above its 52-week low of $164.07.
Summary
Wistron, a key Nvidia server assembler, reported Q2 net profit soared 128% to T$14.8B on revenue up 64% to T$895.4B. CEO Jeff Lin said AI server demand from cloud and enterprise customers remains very strong and continues to outstrip supply. The company is expanding capacity with T$10.5B in new capex and a planned GDR issuance of up to 250M shares. A new $700M Texas facility, launched in July, will produce Nvidia's latest AI systems. This directly validates the sustained hyperscale demand underpinning Nvidia's data center growth narrative.
At the time of this announcement, NVDA was trading at $210.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.