Stock Track | Shenghong Technology Soars 5.12% Intraday on NVIDIA Rubin Rack PCB Value Surge

Stock Track
05/27

Shenghong Technology's stock price soared 5.12% during Wednesday's intraday session. The significant upward movement extended the stock's recent strong performance.

The surge appears directly linked to a Morgan Stanley report on NVIDIA's next-generation Vera Rubin rack, which revealed a 233% surge in single-rack PCB costs. As NVIDIA's Tier-1 core PCB supplier commanding 50%-55% of global AI server PCB orders, Shenghong Technology is positioned as a primary beneficiary of this expansion in the supply chain's value.

Further bolstering market sentiment, Goldman Sachs has maintained a Buy rating on the stock with a target price of RMB 550 and placed it on its conviction list. The company has also stated it is prioritizing R&D innovation to support clients' new product development, aligning with the positive industry momentum.

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