Core Viewpoint - Daiwa Securities reports that Foxconn (Hon Hai Precision) is expected to increase its market share in the AI server sector, solidifying its position within the Nvidia supply chain [1] Group 1: Market Share and Production Estimates - Analysts indicate 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 shipment estimates for Foxconn's NVL72 servers to 12,400 units for 2025 and 22,100 units for 2026, suggesting that the company will capture 50% and 48% of Nvidia's total AI server production, respectively [1] Group 2: Profitability Outlook - Due to the continuous improvement in Foxconn's integration and increased customer capital expenditure, Daiwa has become more optimistic about the profit margins for AI servers [1] - The target price for Foxconn has been raised from 235 New Taiwan Dollars to 310 New Taiwan Dollars, with the stock closing up 0.4% at 252 New Taiwan Dollars today [1]

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]

Group 1 - The company has received over 3000 sets of Power Shelf orders for the first batch of NVIDIA NVL72 servers for 2024 [1] - The company has not disclosed any information regarding future orders from NVIDIA [1] - All official information from the company will be published through designated media outlets, including Securities Times, Securities Daily, and Giant Tide Information Network [1] Group 2 - The company advises investors to rely on official announcements and investor relations activities rather than market rumors [1]