Nvidia-Supplier Victory Giant’s Sales Surge on AI Demand

Victory Giant Technology Huizhou Co. reported a 28% yearly increase in its first-quarter sales on stronger demand for printed circuit boards used in AI servers.

The Chinese supplier to Nvidia Corp. said revenue climbed to 5.5 billion yuan ($804 million) in the quarter, according to a Tuesday filing. Net income rose 40% to 1.3 billion yuan from the same period last year. Financial expenses rose to 104 million yuan due to currency losses.