Stock King Xinhai surges NT$1,145 to hit upper limit of NT$12,615, setting a new record for Taiwan stock market

Server management chip manufacturer Xinhai continues to receive buying support from institutional investors. According to statistics, institutional investors have continuously increased their holdings in Xinhai from March 6th to April 7th.

Xinhai's self-reported revenue for March was NT$1.235 billion, up 22.2% month-on-month and up 63.63% year-on-year. Accumulated Q1 revenue was NT$3.147 billion, up 28.8% quarter-on-quarter and up 52.38% year-on-year, setting new highs for both monthly and quarterly revenue. Q1 revenue exceeded market expectations of NT$2.6 to 2.7 billion.

Xinhai stated that the growth in server chip sales is the main driver for the record-high revenue in March and Q1. Industry analysts point out that Xinhai continues to benefit from the strong growth in demand for AI servers and traditional servers, driven by the development of artificial intelligence (AI) infrastructure. (Editor: Zhang Junmao) 1150408