Hongyi Stock Hits Three-Day Limit After NVIDIA CEO Mentions Company
Translated from Chinese, summarized and contextualized by DistantNews.
At a glance
- Taiwanese distributor Hongyi Stock's share price surged for three consecutive days after being mentioned by NVIDIA CEO Jensen Huang.
- Huang highlighted AI's global impact and the growth of AI infrastructure during a recent speech, naming Hongyi's affiliate GMI Cloud.
- Hongyi has transformed from an IC distributor to an AI digital infrastructure operator, leveraging its partnership with GMI Cloud for AI business and data center operations.
Hongyi Stock (3312) shares have hit the daily limit for three consecutive trading days, reaching NT$66.6, after NVIDIA CEO Jensen Huang named the company's affiliate during a recent speech. The surge has attracted significant trading volume, with over 10,000 buy orders at the upper limit by 10:17 AM.
Huang stated in his Taipei speech that AI will operate globally, driving every company and leading to the construction of regional AI infrastructure. NVIDIA is assisting various entities in building AI Clouds, fostering a rapidly forming global ecosystem. He specifically mentioned Taiwan's GMI company.
AI will operate globally, and every company will be driven by AI, and every region will build its own AI infrastructure.
Hongyi Stock's English abbreviation is GMI. GMI Cloud, a related company, is the first cloud company in Taiwan and eighth in the Asia-Pacific region to achieve NVIDIA's Cloud Partner (NCP) status. This strategic collaboration has enabled Hongyi to transition from a traditional IC distributor to an AI digital infrastructure operator. The company's AI business primarily focuses on data centers in Taiwan and overseas. Hongyi has been building computing power rental facilities by procuring NVIDIA GPUs and server equipment, with GMI Cloud managing these operations. The company anticipates a gradual increase in revenue contribution from its AI rental services.
NVIDIA is assisting various entities in building AI Clouds, and the global ecosystem is rapidly taking shape.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.