大行评级丨大和证券：富士康有望提升在英伟达供应链地位 上调目标价至310新台币

Group 1 - The core viewpoint of the report is that Foxconn (Hon Hai Precision) is expected to increase its market share in the AI server market, thereby solidifying its position within the Nvidia supply chain [1] - Analysts predict that Foxconn's market share among all AI server manufacturers for Nvidia will gradually expand, particularly after the large-scale shipment of the GB300 server in Q4 [1] - Daiwa has raised its forecast for Foxconn's NVL72 server shipments for 2025 and 2026 to 12,400 units and 22,100 units respectively, indicating that the company will account for 50% and 48% of Nvidia's total AI server production [1] Group 2 - The outlook for Foxconn's AI server operating profit margin has become more optimistic due to the continuous improvement in integration and increased customer capital expenditure [1] - Daiwa has raised Foxconn's target price from 235 New Taiwan Dollars to 310 New Taiwan Dollars, with the stock closing up 0.4% at 252 New Taiwan Dollars today [1]