WEBULL

AI Infrastructure Stocks Riding TSMC Demand Investors Should Watch

Simply Wall St · 3d ago

TSMC’s recent revenue jump, powered by strong demand for AI chips and supporting infrastructure, has put fresh attention on global technology hardware suppliers. When a key manufacturer reports a 67.9% year-on-year surge in June sales and first half 2026 revenue of NT$ 2.4 trillion, investors often look across the supply chain to see which stocks might benefit most from similar trends or face pressure if they lag. This article picks out 3 stocks from a Global Technology Hardware Suppliers screener that appear positively exposed to this news and explores why they may deserve a closer look right now.

Delta Electronics (TWSE:2308)

Overview: Delta Electronics is a Taiwan based manufacturer of power supplies, thermal management and data center infrastructure, providing everything from fans, inductors and power modules to EV charging, building automation and energy storage solutions for customers worldwide. Its products sit behind many AI data centers, factories, buildings and vehicles, helping them run more efficiently and reliably.

Operations: Delta Electronics generates most of its revenue from the Power Supply and Spare Parts Business Group at about NT$305.9b, followed by the Infrastructure Business Group at roughly NT$198.7b, with smaller contributions from Automation at NT$55.6b, Transportation at NT$34.1b and Others at about NT$1.0b.

Market Cap: NT$4,883.4b

Delta Electronics sits at the intersection of the TSMC driven AI buildout and the global push for energy efficiency, supplying power, cooling and infrastructure for high density data centers, including liquid cooling that management says already represents around 9% of revenue. Infrastructure has been a notable segment in recent results, supported by products such as modular AI data center solutions, microgrids and high efficiency UPS systems that are tailored to power hungry GPU clusters. Investors do need to weigh execution risks, including pressure in the Mobility segment and exposure to Asian manufacturing and geopolitical factors. The combination of its reported earnings quality, returns on equity and exposure to AI and electrification themes suggests that the full Delta Electronics story is more complex, and potentially more interesting, than headline multiples alone indicate.

Delta Electronics looks like the quiet engine of the AI buildout, yet its mix of power, cooling and infrastructure is not fully priced into the story. Before you decide how it fits into your portfolio, review the analysis report for Delta Electronics

TWSE:2308 Earnings & Revenue Growth as at Jul 2026
TWSE:2308 Earnings & Revenue Growth as at Jul 2026

Samsung Electro-Mechanics (KOSE:A009150)

Overview: Samsung Electro-Mechanics is a South Korea based electronic components company that supplies multilayer ceramic capacitors, inductors, resistors, package substrates, semiconductor boards and camera modules used in everything from smartphones and servers to cars and industrial equipment around the world.

Operations: Samsung Electro-Mechanics generates most of its revenue from the Component segment at about ₩5,390.7b, followed by Optics Solution at roughly ₩3,866.8b and Package Solution at around ₩2,527.4b.

Market Cap: ₩116,759.1b

Samsung Electro-Mechanics sits in the slipstream of the AI chip surge that helped power TSMC’s revenue jump, supplying high end substrates and MLCCs for AI accelerators, server CPUs and networking gear. Management reports that demand already exceeds current capacity and customers are discussing long term supply agreements and pricing. At the same time, growing exposure to automotive electronics and ADAS camera modules adds another structural demand driver, while recent earnings show profit growth even where revenue has been relatively steady. The trade off is meaningful risk around customer concentration, heavy CapEx for new capacity and product cycles that can shift quickly. For investors, the mix of AI server and auto exposure with these execution risks makes Samsung Electro-Mechanics a stock that deserves closer scrutiny rather than a quick judgment based only on headline metrics.

Samsung Electro-Mechanics sits at the crossroads of AI server demand and auto electronics, yet its full story is not obvious from headline figures alone. The 3 key rewards and 1 important warning sign might be where the real twist in this setup starts to show.

KOSE:A009150 Earnings & Revenue Growth as at Jul 2026
KOSE:A009150 Earnings & Revenue Growth as at Jul 2026

MetaX Integrated Circuits (Shanghai) (SHSE:688802)

Overview: MetaX Integrated Circuits (Shanghai) develops and sells GPU chips, accelerator cards, servers and computing platforms that power AI training, inference, graphics rendering and intelligent computing clusters for sectors such as finance, healthcare, energy, transportation and digital entertainment. The company focuses on providing end to end GPU based infrastructure, from chips and supernodes to GPU workstations that support large scale digital computing workloads.

Market Cap: CN¥363.8b

MetaX Integrated Circuits (Shanghai) operates in a similar AI-focused ecosystem to TSMC as a specialist in GPU chips and computing platforms that support the buildout of high performance data centers. Analysts expect revenue growth of 57% per year and a shift from losses to profitability over the next three years, supported by partnerships that target full stack intelligent computing in finance, manufacturing and energy. At the same time, the stock is reported to trade above one DCF estimate, carries a P/B multiple above both peers and the broader semiconductor sector, and remains loss making with board turnover and limited independence. Expectations appear elevated and execution risk is present, which creates a tension between the company’s growth profile and its current valuation.

MetaX Integrated Circuits (Shanghai) sits at the intersection of rapid AI buildout and rich expectations, yet many investors still have not reconciled its growth profile with current pricing and governance. The 2 key rewards and 1 important major warning sign could be where the key twist in this story quietly changes the risk return balance

688802 Discounted Cash Flow as at Jul 2026
688802 Discounted Cash Flow as at Jul 2026

The three stocks covered here are only a starting point, as the full Global Technology Hardware Suppliers screen surfaces 24 more companies with equally interesting narratives and potential links to sectors like semiconductor manufacturing and electronics production. To go further, identify and analyze the specific catalysts and narratives that matter to you by working through the Global Technology Hardware Suppliers screener.

Take Control of Your Investment Journey

If Samsung Electro-Mechanics or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Beyond These Stocks?

Fresh ideas tend to move first, and stocks with breakout potential rarely stay under the radar for long before the crowd catches on, so consider acting early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.