Customer ExpansionThe company adds TikTok/ByteDance as its third AI ASIC customer, expanding its strong AI ASIC pipeline and reinforcing its path to multi-year top-line growth and margin expansion.
Financial StrengthWith a history of capitalizing on increased capital expenditure, the company demonstrates confidence in delivering double-digit growth, supported by strong sequential order growth and a positive demand outlook.
Market ConfidenceAnalyst upgrades the company's rating, citing the recent stock decline as an attractive buying opportunity and highlighting resilient underlying demand trends that could drive long-term growth.