Glonghui, May 2 | J.P. Morgan Chase published a research report saying that Ultrafine Semiconductor announced its results for the first quarter ended at the end of March this year. Sales, profit margins, and earnings per share have all improved, mainly due to quarterly growth in the data center business and seasonal decline of PC customers that were less than expected. However, the performance of embedded industry solutions and gaming-related businesses was weak during the period, offsetting part of the increase. The company predicts that revenue for the second quarter ending the end of June will increase by 4% to 5.7 billion US dollars on a quarterly basis, in line with market expectations. Management revealed that data center GPU revenue is expected to reach more than 4 billion US dollars this year. Motong believes that with the increase in supply in the second half of the year, it is believed that the annual target can be achieved. The related business prospects are strong. It predicts that data center GPU revenue growth will accelerate from next quarter, increase to more than 5 billion US dollars throughout the year, and continue to obtain more server and PC CPU shares from Intel. Motong kept its target price of $180 unchanged, with a “neutral” rating.