Taipei, Feb 2, 2026, 10:22 GMT+8 — Regular session
- ASPEED Technology shares ticked higher in early trading after a report boosted its target price sharply.
- A U.S. broker upgraded profit forecasts, pointing to expected boosts from rising AI and broader server demand.
- Traders are focused on the upcoming earnings report, hunting for early hints of momentum in new server-management chips.
ASPEED Technology’s shares on the Taipei Exchange inched up 0.23% to T$8,900 by 10:17 a.m., after moving between T$8,720 and T$9,095 earlier. The modest gain followed a US brokerage raising its 12-month price target to T$12,000, local media reported. (Yahoo Finance)
Why it matters now: this stock has become a bellwether for data-centre investments, especially tied to AI growth. Trading near T$9,000 a share, it’s a favorite that can see sudden moves when too many jump in.
The brokerage note pointed to upgraded forecasts for both traditional and AI server shipments, local media reported. It stressed that capital expenditures by leading cloud providers continue to be the main growth engine. The report also flagged a growing market for baseboard management controllers (BMCs), including custom AI-chip (ASIC) server platforms, with a sharp pickup anticipated in the back half of 2026.
BMC might be a small chip, but it’s vital. It lets data-centre operators monitor, diagnose, and reboot servers remotely—even when the main system fails. That’s why it’s key in large server fleets, where downtime is expensive and physical access can be a slow process.
Hsieh Wen-hsia of Taiwan Cooperative Securities Investment Consulting pointed out that recent rallies aren’t just about fundamentals. She emphasized fast-growing active ETFs, which tend to build positions by buying up liquid, well-known stocks. “With a small capital base and concentrated holdings, it’s easier to push up the share price,” she said. (中時新聞網)
It cuts both ways. The stock trades at a premium against local benchmarks, and this morning’s volatile swings showed just how quickly it can shift when buyers pull back, even briefly.
What could trip this up? A cutback in cloud capex, delays in launching new BMC products, or slowdowns in server-platform refreshes—all have the potential to hit growth and send multiples tumbling. At these high valuations, any of those factors could flip sentiment overnight.
Traders are eyeing ASPEED’s earnings and guidance set for early March. MarketScreener lists the fourth-quarter report for March 8. (marketscreener.com)
