On May 28, Shenghong Technology (02476.HK) rose 3.07% in regular trading, trading at HK$449.0/share, with trading volume of approximately HK$1.588 billion, extending its recent strong momentum.

On the news front, core PCB upstream material supplier KB Laminates issued another price increase notice on May 27, raising board material prices by 10% and PP prices by 20%. This marks the fourth price hike this year, with cumulative increases exceeding 40%, driven by elevated copper prices and tightening glass cloth supply. Meanwhile, Morgan Stanley's earlier BOM teardown of NVIDIA's next-generation Vera Rubin rack continues to reverberate across the market, showing single-rack PCB costs surging from US$35,100 for GB300 to US$116,700, an increase of 233% — the largest gain among all non-memory components.

Shenghong Technology, as NVIDIA's Tier-1 core PCB supplier commanding 50%-55% of its AI server PCB global order share, directly benefits from both the upstream pricing power expansion and the structural value increase in next-generation AI hardware architecture.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)