Victory Giant sales jump 28%

Victory Giant Technology Huizhou said first-quarter revenue rose 28% from a year earlier as demand for printed circuit boards used in AI servers increased. (hkexnews.hk) (bloomberg.com) The Chinese supplier reported 5.52 billion yuan in revenue for the three months ended March 31, up from 4.31 billion yuan a year earlier. Net income rose 39.95% to 1.29 billion yuan from 920.65 million yuan. (hkexnews.hk) (marketscreener.com) Bloomberg reported the company tied the gain to stronger demand for printed circuit boards that go into AI servers. Victory Giant is a supplier to Nvidia, the dominant maker of AI accelerators. (bloomberg.com) (finance.yahoo.com) Printed circuit boards are the layered base that connect chips, memory and power systems inside a machine. In AI servers, those boards have to carry more data and electricity than standard server hardware. (bloomberg.com) (finance.yahoo.com) That matters because the AI buildout has mostly been tracked through chip sales, especially at Nvidia. Victory Giant’s quarter shows the spending is also reaching upstream component makers that supply the racks and systems around those chips. (bloomberg.com) (msn.com) The March-quarter report followed a Hong Kong listing that drew heavy investor demand, with Bloomberg reporting the deal was oversubscribed 431 times. Reuters, cited in other coverage, said the shares had risen 43% since listing. (msn.com) (bloomberg.com) Victory Giant’s latest numbers leave the same message as the company’s filing: AI datacenter demand is now visible in the sales of the boards that hold the machines together. (hkexnews.hk) (bloomberg.com)