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<Research>CLSA: BYD ELECTRONIC to Become Supplier for Nvidia's Power Components and Apple's Desktop Robots; Outperform Rating Reiterated
Recommend 15 Positive 17 Negative 11 |
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According to information from Nvidia (NVDA.US) cited in CLSA’s report, BYD ELECTRONIC (00285.HK) will become the supplier of power components for Nvidia's new 800VDC AI server architecture, providing BYD Electronics with the opportunity to become the overall AI server solution provider within Nvidia's AI server systems. Furthermore, Apple (AAPL.US) is joining hands with BYD Electronics on its upcoming desktop robots and home hubs, which are envisioned to become new growth drivers for BYD Electronics. The broker reiterated its Outperform rating for BYD Electronics with a target price of HKD52.9. Apple will produce its desktop robots and home hubs in Vietnam, according to Bloomberg, and it is working with BYD to develop a tabletop robot and home hub with a display, with plans to launch the home hub in the spring of 2026. CLSA stated that BYD Electronics has long-term experience in the manufacturing of smart IoT and various robots and maintains a solid partnership with Apple. In the broker’s view, this home hub and robot business will become new growth drivers for BYD Electronics. Today, BYD Electronics peaked at HKD42.06, and closed at HKD41.08, up 5.01%, with a trading volume of 45.7188 million shares, involving HKD1.871 billion. AASTOCKS Financial News Website: www.aastocks.com |
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