Delta Electronics (2308) is advancing rapidly, the dream of a thousand-dollar stock is not just an empty talk, but there are two major hidden concerns.

The wave of AI is sweeping the globe, and the two major power supply leaders, Delta Electronics (2308) and Lite-On Technology (2301), are riding the tide. Today, Delta Electronics reached a new high of 852, soaring for three consecutive days. Looking at this number, I can't help but wonder: could this truly become a member of the next “k club”?

Institutional organizations are optimistic, and some analysts even boldly predict that stock prices will challenge the k yuan mark between 2026 and 2028. However, in this atmosphere of optimism, I can't help but remind myself to stay clear-headed.

Observing this wave of pump firsthand, I believe there are four major driving forces:

First, there is an explosive growth in demand for AI servers. The power consumption of NVIDIA's new generation AI chips has surged, leading to a heightened demand for power management and cooling solutions.

What is even more crucial is the astonishing leap in product unit price and profit. The profit from traditional server power supplies is meager, at only about 5 dollars; however, the profit contribution from AI servers has skyrocketed to over 100 dollars! If technology continues to iterate, it could even challenge 500 to 600 dollars by 2028, a growth that is simply eye-opening.

The third is that liquid cooling solutions have changed from “optional” to “standard.” Delta Electronics is moving quickly in this field, with water cooling plates and cooling distribution units already beginning to ship. Revenue related to liquid cooling is expected to soar from less than 1% last year to about 6% this year.

Finally, backup power systems have become standard equipment in data centers, and Delta Electronics is actively expanding production to meet the demands of tech giants like Amazon and Meta.

But I must remind you that when everyone is talking about k-dollar stocks, two major risks cannot be ignored:

Currently, Delta Electronics has a price-to-earnings ratio of 43 times, which is at a historical high. This means that the market has already incorporated many positive expectations into the stock price.

The short-term pump has been too large, and the risk of a technical pullback is rising. Blindly chasing higher prices may face a short-term retracement.

My suggestion? “Rebalance at every turn, don't chase highs.” At the same time, closely monitor the upcoming quarterly report's “revenue share of AI product line” and “changes in gross margin,” as these are the key indicators that truly determine future trends.

In a market full of excitement, only by maintaining rationality can one truly profit in this AI feast.