HK Stock Market Move | Victory Giant Technology (02476) rose nearly 4%. The company currently has sufficient orders on hand. Goldman Sachs is optimistic about the strong growth momentum of the AI PCB business.

Victory Giant Technology (02476) rose nearly 4%, as of the time of writing, it was up 3.8% at 426.6 Hong Kong dollars, with a trading volume of 4.4 billion Hong Kong dollars. On the news front, recently, Victory Giant Technology stated on an interactive platform that the company currently has sufficient outstanding orders, business is progressing smoothly, and order production and delivery are being carried out normally. Looking at the industry development trends, signal transmission bandwidth is expected to continue to increase, material grades are constantly improving, the layers and levels of high multi-layer boards and high-order HDIs are increasing, which will further consume high-end capacity, and effective output area (square meters) is decreasing. In the medium term, the supply of high-end products is expected to remain relatively tight, with downstream demand sufficient to absorb new capacity. Goldman Sachs believes that due to strong end demand for GPU and ASIC AI servers, as well as the company's timely capacity expansion and strong R&D capabilities, Victory Giant Technology is showing strong growth in the AI PCB business. The bank stated that the company has a positive outlook on the growth of the global AI infrastructure, upgrades in AI PCB specifications, increased usage of PCB in AI servers, customer expansion to ASIC AI server PCBs, commitment to R&D and capital expenditures, and highly automated production lines and warehouse management.