On June 17, Tianyue Advanced rose 5.25% in regular trading, trading at HK$99.1/share, with turnover of HK$407 million. The rally was driven by sustained AI power demand catalyzing broad strength across the silicon carbide sector.

NVIDIA's push to upgrade data center power architectures to 800V high-voltage DC has significantly boosted SiC value and penetration rates. According to Citrini Research, SiC and GaN wide-bandgap devices account for 64% of incremental BOM costs per 1MW AI cabinet power conversion. The global SiC market is projected to grow from US$3.5 billion to US$12.4 billion by 2030, with AI infrastructure contributing nearly half of demand. Morgan Stanley recently raised its target price for Tianyue Advanced to HK$106.6, maintaining an Overweight rating, affirming that 800V DC power cabinet mass production remains on track.

Tianyue Advanced holds 51.3% global market share in 8-inch SiC substrates with capacity running at full utilization. Its 12-inch product has indirectly entered NVIDIA's supply chain, positioning the company to directly benefit from AI power-driven substrate demand expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)