Key takeaways from monthly investor day and our latest view on Huaqin ▲ Key takeaways from Huaqin's monthly investor day on July 23 include: 1) H20-based AI server shipments to resume at the earliest in September, 2) unchanged schedule for new NVDA platform AI server delivery; 3) robust momentum for general servers and switches, featuring greater share expansion upside in the following years; 4) strong earnings growth in 2Q25 driven by both AI and non-AI (smartphones, PCs, wearables and tablets) business; a ...