Quanta Computer stock recovers key level ahead of ex-dividend date; AI server business advances

Quanta Computer (2382), a key player in the technology sector, experienced stock price volatility today, influenced by the broader market downturn. Despite an early morning rally, selling pressure caused the stock to dip. However, strong buying interest at lower levels helped Quanta recover and reclaim the NT$370 mark by midday, closing at NT$371.5 with a 1.72% decrease on a trading volume of 13,069 shares.

The company is preparing for its ex-dividend date this Thursday, July 16th, when it will distribute NT$15.6 per share to its shareholders. This upcoming payout adds a layer of interest for investors monitoring the stock.

Quanta's subsidiary, Cloud Network Technology (QCT), continues to strengthen its collaboration with NVIDIA, particularly in the evolution of artificial intelligence server platforms. Key developments include the Vera CPU and Rubin GPU server platforms, with the Rubin NVL72 slated to be a significant product in the latter half of this year. Initial small-scale shipments are anticipated in the third quarter, with more substantial volumes expected by the end of the year and into 2025.

QCT has already supplied thousands of AI-ready servers to major cloud service providers globally. Its production facilities span Taiwan, Thailand, the United States, and Europe, offering clients flexibility against geopolitical shifts and supply chain disruptions. Further expansion is planned, with three new factories set to open in California by the end of 2026 and an ongoing expansion of surface-mount technology (SMT) lines in Thailand, aiming to double global production capacity by 2026.