Delta Electronics Thailand Pcl became the country’s first $100 billion company after a US Supreme Court ruling striking down tariffs further improved the demand outlook for its AI cooling equipment.
Shares of the Nvidia Corp. supplier — which gets about one-third of its revenue from the US — jumped as much as 10% on Monday, extending year-to-date gains to more than 49%. Revenue rose20% last year thanks to strong power-electronics sales and demand from data centers.
“Delta’s earnings visibility is high, supported by its sound strategies of growth and its competitive AI products,” said Suwat Sinsadok, an analyst ...
