King Slide Shares Hit Limit-up as AI Demand Fuels Growth
Dow Jones11:15
0315 GMT - As the global AI infrastructure build-out gathers pace, Taiwanese supplier King Slide Works is accelerating expansion plans amid strong demand and order visibility stretching several years ahead. Its shares hit limit-up and a record high on Monday, extending gains following last week's earnings release. Widely seen as a dominant supplier of server rack rails used in cutting-edge AI servers such as Nvidia's, the company reported a gross margin above 87%, extending a streak of record profitability. Management is also ramping up a new Houston facility, reinforcing confidence that it remains a key beneficiary of surging AI spending. Shares last at 12,220 New Taiwan dollars.
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