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Goldman Sachs Raises Wiwynn Price Target to NT$3,777 on Strong AI Server Momentum
Electronic Technology · Computer Communications · economic_daily · 2026-09-21
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Goldman Sachs has upgraded its price target for Wiwynn to NT$3,777, citing robust demand for general-purpose servers and the ramp-up of new ASIC and GPU AI server products.
What Happened
Price Target Upgrade: Goldman Sachs has raised its price target for Wiwynn to NT$3,777, marking a significant milestone as the adjusted price surpasses the NT$10,000 threshold. This revision reflects strong confidence in the company's market position and its expected revenue growth through the end of the year.
Dual Growth Engines: The company's growth is primarily driven by robust demand for general-purpose servers from North American CSPs and the scaling of new ASIC server products. Additionally, the mass production of new GPU AI server racks featuring NVIDIA and AMD platforms is scheduled for the fourth quarter, serving as a key catalyst for future performance.
Capital Expenditure Expansion: Wiwynn is aggressively increasing its capital expenditure, with estimates suggesting annual spending could reach NT$44 billion. This high level of investment is expected to persist through 2028 to support the diversification of production facilities across the United States, Mexico, and Malaysia.
Market Outlook: The rise of Agentic AI continues to bolster demand for general-purpose servers, providing a stable foundation for Wiwynn's operations. Analysts believe that the company's strategic investments in technology and global manufacturing capacity will ensure its continued leadership in the competitive server industry.