AI Server Racks (Taiwan ODMs)

Rack-scale systems are integrated by a few Taiwanese ODMs. Execution and liquid-cooling readiness matter more than raw capacity.

Board→Tray→Rack→Cluster

Tightness score ⓘ

#42 of 56

■ Stable

Supply concentration3

Lead time2

Capex intensity2

Geopolitical exposure4

Pricing power2

Lead time

3–6 mo

Theme 1M

−15.9%

% in uptrend

Metric to watch

Hon Hai/Quanta/Wistron monthly sales and rack-scale yield commentary.

What would prove us wrong

Strengthens if rack-scale integration slips and becomes the reason accelerators sit in warehouses.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
2317.TW Hon Hai (Foxconn)	Largest AI rack integrator	TWSE Taiwan	NT$240.0	−0.83%	0.0%	−8.8%	+7.2%	−20.0%	2026-11-11
2382.TW Quanta Computer	Hyperscaler server ODM	TWSE Taiwan	NT$278.5	−6.54%	−13.8%	−11.7%	+6.8%	−30.4%	2026-11-10
3231.TW Wistron	GPU baseboard and server ODM	TWSE Taiwan	NT$170.0	−2.58%	−9.1%	−11.0%	+17.1%	−14.1%	—
DELL Dell Technologies	AI servers for enterprise and neoclouds	NYSE US	$371.2	−0.67%	−26.8%	−24.3%	+198.0%	−36.8%	2026-11-24
SMCI Super Micro Computer	Rack-scale AI servers and liquid cooling	NASDAQ US	$26.99	−11.30%	−24.6%	−32.2%	−7.8%	−46.2%	2027-02-02
CLS Celestica	Hyperscaler networking and compute EMS	NYSE Canada	$254.0	+4.57%	−21.4%	−24.2%	−14.1%	−46.2%	2027-01-27

Auto-updated