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

−13.4%

% 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$245.5	−1.01%	−2.0%	+3.6%	+9.7%	−18.2%	2026-11-11
2382.TW Quanta Computer	Hyperscaler server ODM	TWSE Taiwan	NT$318.0	0.00%	−5.5%	+2.8%	+21.9%	−20.5%	2026-11-09
3231.TW Wistron	GPU baseboard and server ODM	TWSE Taiwan	NT$183.5	−2.65%	−1.1%	+8.3%	+26.4%	−7.3%	—
DELL Dell Technologies	AI servers for enterprise and neoclouds	NYSE US	$424.3	−10.77%	−21.6%	−1.0%	+240.6%	−27.8%	2026-11-24
SMCI Super Micro Computer	Rack-scale AI servers and liquid cooling	NASDAQ US	$32.95	−4.30%	−21.4%	+15.1%	+12.6%	−36.6%	2026-11-03
CLS Celestica	Hyperscaler networking and compute EMS	NYSE Canada	$265.5	−6.09%	−28.8%	−22.3%	−10.2%	−43.8%	2026-10-26

Auto-updated