HK Stock Market Move | Victory Giant Technology (02476) rose more than 4% during trading hours, with gross profit steadily increasing in the first quarter. Stockpiling on the Rubin platform is expected to bring new core growth momentum.

Victory Giant Technology (02476) rose more than 4% during trading hours, with a gain of 3.43% as of the time of writing, reaching 332 Hong Kong dollars with a transaction value of 5.79 billion Hong Kong dollars. On the news front, in recent days, Victory Giant Technology disclosed its first quarter performance in 2026, with CMSC pointing out that the company's gross profit margin in Q1 2026 was 34.46%, up 1.08 percentage points year-on-year and up 0.95 percentage points quarter-on-quarter. Despite the significant rise in copper clad laminates in the upstream, the company's performance continued to steadily rise, benefiting from the continuous optimization of AI PCB product structure and the increase in the proportion of high-end products. CMCS also stated that Victory Giant Technology has covered almost all leading AI customers such as NVDA, AMD, Intel, Google, Microsoft, and Amazon. Among them, NVDA's Compute/Midplane/Switch/LPU four main products are gradually being delivered from Q2 to Q3, with some products starting to be confirmed in Q2 and all products entering the confirmed stage in Q3. Rubin PCB has a larger area, more layers, and more complex processes, with a further increase in the value volume per board compared to the previous generation, and is expected to become a new core growth driver.