A comprehensive research report released by Guosheng Securities highlights the explosive growth in AI demand, fueled jointly by the robust expansion of GPUs and ASICs. Among Taiwan-listed AI server manufacturers, Wistron and Wistron NeWeb have recently outpaced Hon Hai Precision Industry and Quanta Computer in terms of monthly revenue growth. This outperformance is largely attributed to their advantageous positions within the supply chain and their relatively minor involvement in full-rack assembly services. Specifically, Wistron's revenue doubled year-on-year in May and June 2025, underscoring the surging demand for AI-related products. Concurrently, Foxconn Industrial Internet maintains a significant presence at the rack level. Despite a delay in revenue recognition, the company's second-quarter performance exceeded expectations, further substantiating the strong demand and the gradual easing of supply chain challenges.