The post-Huang Jen-Hsun era! The legal person named these 5 grades of "Huida Purity" as the highest

[Reporter Zhuo Yijun/Taipei Report] The post-Huang Renxun era is coming. After Huang Renxun resigned, no matter who takes over, the enthusiasm for new AI financing and product specification upgrades may be lower than that of the Huang Renxun era. The market dismantled the "Huida" of the AI-related supply chain overnight. Purity", according to legal analysis, the five stocks of Inventec (2356), Gigabyte (2376), Quanta (2382), Pegatron (4938), and ASUS (2357) have the highest "Huida purity". Currently, Vera in 2027 Rubin shipments have been scheduled, and the unit price has increased by 40 to 50%. Revenue growth is still expected, but there are three disadvantages. First, it lacks the fastest-growing ASIC momentum from 2027 to 2028; second, if the specification upgrade slows down, the growth of single cabinet value will also be discounted; third, relying on Huida's distribution and financing, the cost and financing policies of the new management will directly affect its gross profit and customers.

The legal person pointed out that Quanta's non-GPU platform will rise to double digits in 2027, and Pegatron has 4 to 5 ASIC customers who will increase their volume in 2027, which can gradually reduce Huida's concentration. As for Asus and Gigabyte's server business, it is difficult to switch to ASIC, because most cloud companies develop self-developed chips (ASICs) directly entrust ODMs. The non-AI business of Asus, Gigabyte, and Pegatron also accounts for a high proportion, and the stock price is greatly affected by factors other than AI.

Asustek's stock price bucked the trend and fell in early trading today. (Photo by reporter Zhuo Yijun)