Taipei, Feb 2, 2026, 10:22 GMT+8 — Regular session
- ASPEED Technology shares edged up in early trading following a report that raised its target price significantly.
- A U.S. broker raised profit forecasts, citing anticipated gains from increased AI and general server demand.
- Traders eye the upcoming earnings report, searching for early signs of momentum in new server-management chips.
Shares of ASPEED Technology on the Taipei Exchange ticked up 0.23% to T$8,900 by 10:17 a.m., after fluctuating between T$8,720 and T$9,095 earlier. The rise came after a US brokerage lifted its 12-month price target to T$12,000, according to local media. (Yahoo Finance)
Why it matters now: this stock has turned into a key indicator for data-centre spending, particularly linked to AI expansions. Priced close to T$9,000 a share, it’s a market darling that can swing sharply once the trade gets crowded.
The brokerage note highlighted stronger forecasts for both traditional and AI server shipments, according to local media. It emphasized that capital spending by major cloud providers remains the key driver. The report also noted an expanding market for baseboard management controllers (BMCs), including custom AI-chip (ASIC) server platforms, with a notable acceleration expected in the second half of 2026.
BMC is a small chip but plays a crucial role: it enables data-centre operators to monitor, diagnose, and reboot servers remotely, even if the main system crashes. This makes it essential in large server fleets, where downtime costs are high and getting physical access is often slow.
Hsieh Wen-hsia from Taiwan Cooperative Securities Investment Consulting noted that recent rallies aren’t solely driven by fundamentals. She highlighted fast-growing active ETFs, which often need to build up positions by snapping up liquid, well-known stocks. “With a small capital base and concentrated holdings, it’s easier to push up the share price,” she explained. (中時新聞網)
That works both ways. The stock’s valuation is high compared to local norms, and the wide intraday swings this morning revealed how fast it can move when buyers hesitate, even for a moment.
What might derail this: a drop in cloud capex, slower rollout of new BMC products, or holdups in server-platform refreshes—all could dent growth and slam the multiple down. At these lofty prices, that’s enough to shift sentiment in a heartbeat.
Traders are now turning their attention to ASPEED’s upcoming earnings and guidance, expected in early March. According to MarketScreener, the fourth-quarter report is slated for March 8. (Marketscreener)
