Core Viewpoint - Tianyue Advanced (02631) has seen a stock price increase of over 6%, driven by expectations of rising demand for silicon carbide (SiC) due to advancements in AI server cabinet computing power [1] Group 1: Market Performance - Tianyue Advanced's stock rose by 6.25% to HKD 63.75, with a trading volume of HKD 205 million [1] Group 2: Industry Insights - According to Zheshang Securities, the iteration of AI server cabinets is driving a rapid increase in power density, which in turn is expanding the demand for power semiconductors [1] - SiC is expected to see accelerated penetration in high-power scenarios due to its high voltage resistance and low loss characteristics [1] Group 3: Company Positioning - The company is one of the few globally capable of mass-producing 8-inch silicon carbide substrates and is the first to launch 12-inch silicon carbide substrates [1] - With its first-mover advantage in large-size substrates and technological accumulation, the company is poised to capture further market share [1] Group 4: Strategic Initiatives - Zhongyou Securities noted the company's proactive layout in the electric vehicle sector, having obtained automotive-grade IATF16949 certification in 2022 [1] - The company's silicon carbide substrate products have passed stringent validation from leading international power semiconductor manufacturers and have achieved continuous large-scale supply [1] - The company is also actively exploring emerging fields such as optics, having established partnerships with leading global optical manufacturers and secured multiple orders [1]