What is the cooperative relationship between PC Partner and Nvidia?
What positive impact does the gradual recovery of the graphics card market have on PC Partner?
Recently, the consumer electronics industry has been high in popularity, especially due to Apple's artificial intelligence-enabled smartphones and component companies, Sunny Optical and Q Tech, receiving widespread attention from the market.
At the same time, stocks related to personal computers in the consumer electronics industry have also shown strength.$PC PARTNER (01263.HK)$The stock price has recently risen significantly. As of press time, PC Partner's stock price has risen by 23.5%, reaching HKD 4.94.
It is worth noting that PC Partner has accumulated a 27.80% increase over the past seven trading days. Counting the current performance, the cumulative increase is 55%.
According to public information, PC Partner is a well-known graphics card manufacturer whose main business is to design, develop and manufacture image display cards. It is one of the world's top five brand partners of NVIDIA video display adapters. The graphics cards under the Zotac brand of PC Partner are well-known for their widespread use in mining.
In fact, because a large number of graphics chip purchases come from NVIDIA, PC Partner is known as NVIDIA's shadow stock in the market.
Double bullish news stimulates the large rise of PC Partner stock price.
According to yesterday's after-hours announcement, the net profit attributable to shareholders for the six months ending on June 30, 2024, should not be less than approximately HKD 150 million. The company explained that the gross margin for the first half of this year has improved compared to the same period last year. The main reason is that the strong demand for its new series of image display cards earlier this year, combined with the improved demand for image display cards compared to last year, led to a reduction in sales and marketing expenses for its own brand business to stimulate sales.
Meanwhile, NVIDIA, a partner of PC Partner's Zotac, has become the world's highest market cap stock. As of the close of trading, NVIDIA's stock price rose by 3.51% to USD 135.58, hitting a new historical high, with a total market value of USD 333.5 billion. This has also driven PC Partner's stock price higher.
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