Shenghong Technology's stock surged 7.39% during intraday trading on Friday, following the release of NVIDIA's stellar quarterly results which boosted sentiment across the AI hardware supply chain.
The catalyst for the move was NVIDIA's FY2027 first-quarter earnings report, which showed revenue of $81.6 billion, an 85% year-over-year increase that beat market expectations. The company's strong second-quarter revenue guidance of $91 billion further reinforced confidence in sustained spending on AI infrastructure.
Shenghong Technology is identified as a critical PCB supplier to NVIDIA, with analysts projecting the company will capture approximately 50% to 55% of the supply for NVIDIA's next-generation Rubin platform. The value of PCBs per unit is expected to jump significantly, from around $400 for the current Blackwell platform to over $1,000 for the Rubin Ultra, driving Shenghong's revenue contribution from NVIDIA to an estimated 38% by 2028.
