One Taiwanese stock has everything going for it — it's not just a defensive play amid recent market choppiness, but it's also an AI trade, Morgan Stanley says.
One Taiwanese stock has everything going for it — it's not just a defensive play amid recent market choppiness, but it's also an artificial intelligence trade, according to Morgan Stanley . That's Wistron , a Taiwanese electronics firm that has partnered with Nvidia on various initiatives this year — such as developing a heat-flow simulator using AI — and that uses Nvidia platforms.
It added that it expects demand for the Hopper product to rise 15% to 20% quarter on quarter by the third quarter, and 30% to 35% by the fourth quarter. Production volumes at Wistron should therefore start to ramp up from the first quarter of 2025, said Morgan Stanley. Morgan Stanley said valuation for the stock is "extremely cheap" right now, and gave it a price target of 168 New Taiwanese dollars , implying upside of around 72%.
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