Wintronix (5274) renewed its single-stock record on the Taiwan stock exchange today, reaching an all-time high of 7,715 yuan during intraday trading, closing at 7,550 yuan with a daily gain of 6.34% and total trading volume exceeding 570 shares. After two consecutive days of gains, Wintronix not only stands firmly above all moving averages, but its market capitalization is approaching 290 billion yuan, making it the most outstanding winner in the Taiwan stock market this year.
This strong market momentum is not a flash in the pan. Deep observation reveals that the driving force behind the stock price surge is quite solid — stemming from the market’s continued optimism about AI server and data center demand in 2026, with investors highly confident in the next-generation replacement cycle for its remote server management chips (BMC). The company’s recently released November revenue performance was exceptional, and it has raised its Q4 outlook for the second time, with order visibility clearly extending into Q2 next year, all providing solid fundamental support for the stock price.
Why can Wintronix Hold Its Ground at High Levels? Starting from Moats
The key lies in Wintronix’s near-monopolistic position in the global BMC field. As a leader in server remote management chips, Wintronix benefits from next-generation AI server platforms’ demand for increased chip specifications and quantities. Operating performance is expected to reach new heights in 2026. Particularly, the new AST2700 chip is expected to enter mass production next year, utilizing more advanced processes with higher computing and security performance, which is expected to drive gross margin optimization.
Year-end accounting season is an additional catalyst fueling the momentum. With Nvidia’s Blackwell series architecture entering mass production, and future GB300 and other advanced cabinet designs coming to market, a single server system’s demand for remote management chips will increase significantly. Domestic and foreign investment trusts and foreign investors have been buying aggressively, forming strong year-end capital pursuit, which is exactly the force that pushed the stock price through 7,715 yuan intraday today.
After Reaching High Levels? Analysts Point Out Variables Worth Watching
Despite the positive outlook, risks lurk at high levels. First, the P/E ratio is already at a relatively high level, meaning the market has already priced in most growth expectations. Whether the stock price can continue to reach new highs depends on whether the actual shipment speed of 2026 AI servers meets expectations, and whether global cloud service providers’ capital expenditures show signs of slowdown. In the short term, the end of year-end accounting or investors taking profits may trigger volatile swings.
However, the long-term logic remains unchanged. As long as the structural growth trend of the AI industry persists, Wintronix’s high moat can provide strong support. The market has 16 analysts who broadly give “buy” ratings, with average target prices raised to above 7,300 yuan, with some foreign investors like Nomura even expecting stock prices could challenge 8,000 yuan. This is sufficient to show that despite the current level being high, institutional investors remain full of imagination about Wintronix’s long-term prospects.
台股株王再び記録を更新！シンチュアが「7ケタ台」で堅調を維持、盤中で7,715元に到達した背景にあるロジック
Wintronix (5274) renewed its single-stock record on the Taiwan stock exchange today, reaching an all-time high of 7,715 yuan during intraday trading, closing at 7,550 yuan with a daily gain of 6.34% and total trading volume exceeding 570 shares. After two consecutive days of gains, Wintronix not only stands firmly above all moving averages, but its market capitalization is approaching 290 billion yuan, making it the most outstanding winner in the Taiwan stock market this year.
This strong market momentum is not a flash in the pan. Deep observation reveals that the driving force behind the stock price surge is quite solid — stemming from the market’s continued optimism about AI server and data center demand in 2026, with investors highly confident in the next-generation replacement cycle for its remote server management chips (BMC). The company’s recently released November revenue performance was exceptional, and it has raised its Q4 outlook for the second time, with order visibility clearly extending into Q2 next year, all providing solid fundamental support for the stock price.
Why can Wintronix Hold Its Ground at High Levels? Starting from Moats
The key lies in Wintronix’s near-monopolistic position in the global BMC field. As a leader in server remote management chips, Wintronix benefits from next-generation AI server platforms’ demand for increased chip specifications and quantities. Operating performance is expected to reach new heights in 2026. Particularly, the new AST2700 chip is expected to enter mass production next year, utilizing more advanced processes with higher computing and security performance, which is expected to drive gross margin optimization.
Year-end accounting season is an additional catalyst fueling the momentum. With Nvidia’s Blackwell series architecture entering mass production, and future GB300 and other advanced cabinet designs coming to market, a single server system’s demand for remote management chips will increase significantly. Domestic and foreign investment trusts and foreign investors have been buying aggressively, forming strong year-end capital pursuit, which is exactly the force that pushed the stock price through 7,715 yuan intraday today.
After Reaching High Levels? Analysts Point Out Variables Worth Watching
Despite the positive outlook, risks lurk at high levels. First, the P/E ratio is already at a relatively high level, meaning the market has already priced in most growth expectations. Whether the stock price can continue to reach new highs depends on whether the actual shipment speed of 2026 AI servers meets expectations, and whether global cloud service providers’ capital expenditures show signs of slowdown. In the short term, the end of year-end accounting or investors taking profits may trigger volatile swings.
However, the long-term logic remains unchanged. As long as the structural growth trend of the AI industry persists, Wintronix’s high moat can provide strong support. The market has 16 analysts who broadly give “buy” ratings, with average target prices raised to above 7,300 yuan, with some foreign investors like Nomura even expecting stock prices could challenge 8,000 yuan. This is sufficient to show that despite the current level being high, institutional investors remain full of imagination about Wintronix’s long-term prospects.