Shares of NOVOSENSE (02676) surged more than 16% in the morning session. By the time of writing, the stock was up 15.61% to HK$226.6, with a trading turnover of HK$263 million.

Background on the news

According to company announcements, as AI server power consumption increases and power supply architectures become more complex, isolated power supplies have become critical for ensuring system safety, efficiency, and stable operation. NOVOSENSE has built a portfolio of isolated power supply products covering both discrete and integrated solutions around its "Isolation+" product strategy, which can meet various isolated power supply needs in server and AI server power systems.

Analysts previously noted that the company's power module segment is expected to achieve significant growth by 2025, primarily driven by strong downstream demand from areas like AI servers. The company can provide products such as drivers, isolation chips, and MCUs for the primary and secondary power supplies (PSUs) in server power units. Currently, some of these products have already entered mass production and shipment for server power supply customers both domestically and internationally.